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European Economic Community. The European Economic Community (1957-2009) was an intergovernmental organization in Europe. In 1967 the institutions of the European Coal and Steel Community and Euratom were merged with those of the Economic Community. This meant that while they technically continued to exist separate from each other they were governed together as a single personality under the name of the European Communities.
The Birthday of the European Union is considered May 9, 1950. Annually, May 9 is celebrated as Europe Day. The first agreement establishing the European Economic Community was signed in 1957 between six countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands. Denmark, Ireland and the UK are joined in 1973, Greece in 1981, Spain and Portugal in 1986, in subsequent years many other countries have joined the Union. Today the EU consists of 28 member countries.