History of the European Union The report was accepted at the Venice Conference (29 and 30 May 1956) where the decision was taken to organise an Intergovernmental Conference. The Intergovernmental Conference on the Common Market and Euratom focused on economic unity, leading to the Treaties of Rome being signed in 1957 which established the European Economic Community (EEC) and the European Atomic Energy Community (Euratom) among the members. The two new communities were created separately from ECSC, although they shared the same courts and the Common Assembly. The executives of the new communities were called Commissions, as opposed to the "High Authority". The EEC was
Maastricht Treaty of the obligations of the treaty for the members was to keep "sound fiscal policies, with debt limited to 60% of GDP and annual deficits no greater than 3% of GDP". The treaty also created what was commonly referred to as the pillar structure of the European Union. The treaty established the three pillars of the European Union—one supranational pillar created from three European Communities (which included the European Economic Community (EEC), the European Coal and Steel Community and the European Atomic Energy Community), the Common Foreign and Security Policy (CFSP) pillar, and the Justice and Home Affairs (JHA) pillar.