Thursday, January 2, 2014

The 50th anniversary of The Treaty of Rome

The Treaty of Rome, officially the Treaty establishing the European Economic Community (TEEC), is an international agreement that led to the founding of the European Economic Community (EEC) on 1 January 1958. It was signed on 25 March 1957 by Belgium, France, Italy, Luxembourg, the Netherlands and West Germany

The word Economic was deleted from the treaty's name by the Maastricht Treaty in 1993, and the treaty was repackaged as the Treaty on the functioning of the European Union on the entry into force of the Treaty of Lisbon in 2009.

The TEEC proposed the progressive reduction of customs duties and the establishment of a customs union. It proposed to create a common market of goods, workers, services and capital within the EEC's member states. It also proposed the creation of common transport and agriculture policies and a European social fund. It also established the European Commission.

The 50th anniversary was celebrated in various ways, including events on Europe Day and throughout the year. Numerous commemorative coins were issued, including a special commemorative two euro, which was issued with near identical designs by every (then-13) eurozone member (the first time every member had issued a coin together). Other non-circulation coins included the Belgian 10 euro 50th Anniversary of the Treaty of Rome commemorative coin.

Thank you Marco for this lovely FDC.

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