Court of Justice of the European Communities Institution set up under Treaty of Rome to ensure that in interpretation and application of the Treaty the law is observed. It consists of judges from each member state, appointed for 6-year periods, assisted by three Advocates General. It sits in Luxembourg, expressing itself in judgements when called upon to do so in proceedings initiated by member states, institutions of the EC and natural or legal persons. Procedures are generally inquisitorial
European Monetary Fund Fund organized by the European Monetary System in which members of the European Community deposit reserves to provide a pool of resources to stabilize exchange rates and to finance balance of payments in support of the pending full European Monetary Union
European standard A standard which has been approved pursuant to the statutes of the standards bodies with which the Community has concluded agreements
