Glossary of European Union concepts, acronyms, & jargon conference entrusted Paul-Henri Spaak with the creation of a report that eventually led to the creation of 1957 Treaty of Rome. Oversees Countries and Territories (OCT), beneficiaries of the European Development Fund (EDF). An EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA). The Treaty of Rome established the European Communities (EC), comprising the European Economic Community (EEC), the European Atomic Energy Community (EAEC) and the European Coal and Steel Community (ECSC), and was signed in Rome on 25 March
High Authority of the European Coal and Steel Community in Luxembourg's city hall on 10 August 1952. Jean Monnet, the architect of the ECSC, was elected as its first President. The supranational power exercised by the Authority did prompt suspicion by some, for example the government of France who ensured that in the European Economic Community (EEC) and European Atomic Energy Community (Euratom) more power would be in the hands of the Council. The Merger Treaty came into force in 1967; this combined the independent institutions of the ECSC and Euratom with those of the EEC. From that time the High Authority ceased to exist, its duties being taken