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
Charter of Fundamental Rights of the European Union the drafters of the EEC Treaty wished to eschew any implicitly political elements. However, the idea that the purely economic end of the new EEC Treaty would be unlikely to have any implications for fundamental rights was soon to be tested. Soon after the entry into force of the EEC Treaty, the Community established itself as a major political entity with policy ramifications beyond its economic aims. In 1964, the European Court of Justice handed down its decision in "Costa v ENEL", in which the Court decided that Union law should take precedence over conflicting national law. This meant that