EC resolves single market issues at Edinburgh summit.Heads of European Community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. governments reached agreement on several important issues at a two-day summit meeting held in Edinburgh, which could again point the way forward toward a single European market Single European Market n the Single European Market → el Mercado Único Europeo Single European Market n the Single European Market → le marché unique européen . British Prime Minister John Major said Edinburgh would go down as the summit that put the Community back together. One compromise agreement will allow Denmark to hold a second referendum on the Maastricht treaty Maastricht Treaty officially Treaty on European Union Agreement that established the European Union (EU) as successor to the European Community. It bestowed EU citizenship on every national of its member states, provided for the introduction of a central this spring. Last year, Danish voters narrowly rejected the treaty. The new agreement exempts Denmark from requirements to adopt a single European currency, participate in EC defense and take part in preliminary negotiations for establishing European citizenship and EC justice and interior affairs departments. In return, Denmark will not prevent the EC from moving toward Maastricht objectives. Agreement also was reached on future increases in EC regional development funds, thus resolving a split between richer and poorer EC member states. Regional funds for poorer countries (Ireland, Greece, Portugal and Spain) will almost double by 1999, and less money will go to transportation, the environment and research. With the Edinburgh summit decisions, the EC Council decided to begin negotiations on the applications of Austria, Sweden and Finland to join the EC. Discussions had been contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent Maastricht's ratification The confirmation or adoption of an act that has already been performed. A principal can, for example, ratify something that has been done on his or her behalf by another individual who assumed the authority to act in the capacity of an agent. by all member states. |
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