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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 Union (abbreviation: EU) is a confederation of 28 member countries in Europe, started in 1957 as the European Economic Community (EEC).It has created a common economic area with Europe-wide laws allowing people to move and trade in other EU countries almost the same as they do in their own.n 1957 in the Italian city of Rome, the member countries signed another treaty and made the European Economic Community. Now it was a community for coal, steel and for trade. Later it changed the name to the European Community. In 1993, with the Treaty of Maastricht it changed its name to the European Union.