Euratom

The European Atomic Energy Community is an international organization established by the Euratom Treaty of 1957 with the original purpose of creating a specialist market for nuclear power in Europe, by developing nuclear energy and distributing it to its member states while selling the surplus to non-member states. Having become one of the three European Communities alongside the European Coal and Steel Community and the European Economic Community following the merger of their executive bodies in 1967, the Euratom is de facto under the authority of the European Union (EU) but remains de jure a separate organization.