The European Economic Community is defined by the Euro dollar. Countries in Europe who are part of the European Union use the Euro dollar so that they can better trade, travel and participate in International Financial Institutions as a unified force. The European Community consists of 12 countries in Europe who trade through the Euro dollar, namely Belgium, West Germany and Spain. The difference between the European Economic Community and the European Union is that the European Community were three international bodies governed by the same union. The communities are European Coal and Steel Community, the European Atomic Energy Community and the European Economic Community. These communities merged into one European Union in 1993.
Donna Kakonge, LLB