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European Economic Community. The European Economic Community (1957-2009) was an intergovernmental organization in Europe. In 1967 the institutions of the European Coal and Steel Community and Euratom were merged with those of the Economic Community. This meant that while they technically continued to exist separate from each other they were governed together as a single personality under the name of the European Communities.
The European Economic Community. However, the success of the ECSC led to the member nations signing two new treaties in 1957, both called the treaty of Rome. This created two new bodies: the European Atomic Energy Community (Euratom) which was to pool knowledge of atomic energy, and the European Economic Community. This EEC created a common market among the member nations, with no tariffs or impediments to the flow of labour and goods.