Luxembourg takes over the Presidency of the Council of the European Communities.
Signature by Denmark, Ireland, Norway and the United Kingdom, of the Treaties of accession to the European Communities.
M. Walter Behrendt is re-elected president of the European Parliament.
Franco Maria Malfatti, the president of the Commission, resigns and is replaced by vice-president Sicco Mansholt. The Council adopts a resolution based on a general conspectus by the Commission of the conditions for achieving the first stage of economic and monetary union.
The third United Nations Conference on Trade and Development (UNCTAD) is held in Santiago, Chile.
The currency "snake" is set up: Belgium, France, Germany, Italy, Luxembourg and the Netherlands agree to limit the margin of fluctuation between their currencies to 2.25%.
The Council approves the Association Agreement admitting Mauritius to the Convention between the EC and the Associated African States and Madagascar (AASM).
The European Social Fund (ESF), as reformed by the Council decision of February 1971, becomes operational.
A referendum is held in Ireland on the country joining the European Communities. The vast majority is in favour of accession.
The Council decides to extend the scope of the generalised preferences to cover the developing countries which have joined the group of the seventy-seven, together with a number of other countries and territories, with effect from January 1973. It also agrees on the lines to be followed by the Community in the examination of the General Agreement on Tariffs and Trade (GATT) Accession Treaty.
The Netherlands take over the Presidency of the Council of the European Communities.
The ministers of finance of Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Denmark, Ireland, Norway and the United Kingdom meet in Rome, Italy. They agree to set up a European Monetary Cooperation Fund in the first stage of economic and monetary union it.
Agreements on preferential trade with Egypt and Lebanon are signed.
Signature of an agreement on preferential trade with Cyprus.
A referendum is held in Norway on the country joining the European Communities. The majority is unfavourable to accession.
A referendum is held in Denmark on the country joining the European Communities. The majority is in favour of accession.
Following the unfavourable vote of the referendum, the Norwegian government declares that Norway will not bring the accession ratification bill before the Parliament. The European Parliament passes a resolution containing definite suggestions and requests for the abolition of checks at intra-Community frontiers.
The United Kingdom ratifies the acts relating to the accession to the European Communities.
A summit is held in Paris, France. Heads of state or government define new fields of Community action (concerning regional, environmental, social, energy and industrial policies) and reaffirm 1980 as the deadline for the achievement of economic and monetary union.
A General Agreement on Tariffs and Trade (GATT) meeting is held in Geneva, Switzerland.