History of the European Coal and Steel Community (1945–57) as it would with the Court of Justice. However they would not share the ECSC's Council of High Authority. The two new High Authorities would be called Commissions, this was due to a reduction in their powers. France was reluctant to agree to more supranational powers and hence the new Commissions would only have basic powers and important decisions would have to be approved by the Council, which now adopted majority voting. Thus, on 25 March 1957, the Treaties of Rome were signed. They came into force on 1958-01-01 establishing the European Economic Community (EEC) and the European Atomic Energy
Yugoslavia and the European Economic Community EEC has been opened. In 1977 the EEC granted access to the European Investment Bank to Yugoslavia. By 1980 European Investment Bank granted two loans in total value of 50 million of ECUs to link the Yugoslav high-voltage electricity distribution network to the Greek and Italian grids and for the construction of part of the trans-Yugoslav road. In 1978, the European Community and the Yugoslavia began negotiations on a Cooperation Agreement, which was signed in April 1980 and entered into force in April 1983. Cooperation Agreement contained provisions concerning trade, financial aid and cooperation in the areas of industry, science