Spain and Portugal Join the European Economic Community

Name: Spain and Portugal Join the European Economic Community
Start: 1986-01-01
Location: Unspecified

Historic Expansion: Spain and Portugal Join the EEC

Spain’s Journey to EEC Membership

In 1986, Spain officially became a member of the European Economic Community (EEC), marking a significant step toward integration into the European economy. For Spain, this was a culmination of efforts to recover from years of isolation during the Franco regime. The EEC membership opened up new avenues for trade and investment, boosting Spain's modernization and economic growth.

Portugal's Path to EEC Membership

Simultaneously, Portugal joined the EEC in 1986, reflecting its desire to align with more stable and prosperous European economies. Like Spain, Portugal had undergone significant political changes, transitioning to democracy in the mid-1970s. Membership in the EEC was seen as a pathway to economic growth and stability.

The Impact of Joining the EEC

Economic Growth in Spain and Portugal

Following their accession, both Spain and Portugal experienced rapid economic growth. The EEC provided financial assistance through structural funds, fostering infrastructure development and enhancing the overall quality of life for citizens. This economic boom not only modernized their economies but also increased foreign investment in both countries.

The Political Significance of the EEC Membership

The joining of Spain and Portugal was decisive for the EEC’s political landscape, adding two nations that shared a commitment to democracy and market economy principles. Their accession also strengthened the idea of a united Europe, promoting cooperation and solidarity among member states.

Fun Fact

Spain and Portugal's Dual Joining

The dual accession of Spain and Portugal had a unique impact on the EEC, as it was the first expansion that brought in two countries from the Iberian Peninsula, making it a historic moment for the European community.