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),
Yugoslavia and the European Economic Community Yugoslavia and the European Economic Community From the establishment of the European Economic Community (later expanded into the European Union) in 1957 until the breakup of Yugoslavia in the early 1990’s, thus during the Cold War period, the Socialist Federal Republic of Yugoslavia was the only communist country in Eastern Europe which developed close relations with the organisation. Notwithstanding the occasional and informal proposals coming from both sides, Yugoslavia has never become a full member state of the EEC. Mutual interactions between the two sides have intensified in the late 1980’s and early 1990’s but all agreements were cut off