The European Economic Community (EEC), also known as European Economic Area, European Community (EC), United Europe, European Union (EU) or simply Eurotheatre, is a trans-governmental political and economic organization consisting of several major European powers. Though "European" in name, the EEC also welcomed the possible membership of any countries beyond the European continent; especially those were considered to have global influence. However, the only such superpower that ultimately accepted this offer was Japan, as the United States was still trapped in its own deeply paranoid sense of isolationism at the time, and thus declined the offer.
Variation(s) | EEC EC EU |
---|---|
Type | Economic and military union |
Established | 1992 |
Status | Active |
HQ | Brussels |
Overview
The European Economic Community, or EEC, is a political and economic group whose membership encompasses all of Western Europe, with the the major players being France, Benelux, and Germany. As is seemingly-universal in the world, money plays a substantial role in how the organization conducts its operations. Specifically, the overall wealth of a country determines the level of influence its representatives have in the EEC's Euro Council. The richer the country's economy, the greater the influence. At the center of its operations is the EuroBank, one of the largest and most powerful banks in the world, which much of the EEC's economy depends on, as well as the economies of other places around the world. The EEC is also responsible for the European Space Agency (or ESA), the world's largest and most advanced space-faring organization.