Jean Monnet in order to revive European construction following the failure of the European Defence Community (EDC). It brought political parties and European trade unions together to become a driving force behind the initiatives which laid the foundation for the European Union as it eventually emerged: first the European Economic Community (EEC) (1958) (known commonly as the "Common Market"), which was established by the Treaty of Rome of 1957; later the European Community (1967) with its corresponding bodies, the European Commission and the European Council of Ministers, British membership in the Community (1973), the European Council (1974), the European Monetary System (1979),
European Political Community project entailed an unacceptable loss of national sovereignty. As a result, the European Political Community idea had to be abandoned. Following the collapse of the EPC, European leaders met in the Messina Conference in 1955 and established the Spaak Committee which would pave the way for the creation of the European Economic Community (EEC). European Political Community The European Political Community (EPC) was proposed in 1952 as a combination of the existing European Coal and Steel Community (ECSC) and the proposed European Defence Community (EDC). A draft EPC treaty, as drawn up by the ECSC assembly (now the European Parliament),