History of the European Union Europe Declaration (1951). This principle was at the heart of the European Coal and Steel Community (ECSC) (1951), the Treaty of Paris (1951), and later the Treaty of Rome (1958) which established the European Economic Community (EEC) and the European Atomic Energy Community (EAEC). Both the ECSC and EEC were later incorporated into the European Union while the EAEC maintains a distinct legal identity despite sharing members and institutions. The Maastricht Treaty (1992) created the European Union with its pillars system, including foreign and home affairs alongside the European Community. This in turn led to the creation of the single
European Economic Community it ensured that taxpayer funds from the Community budget have been correctly spent. The court provided an audit report for each financial year to the Council and Parliament and gives opinions and proposals on financial legislation and anti-fraud actions. It is the only institution not mentioned in the original treaties, having been set up in 1975. At the time of its abolition, the European Community pillar covered the following areas; European Economic Community The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states. It was created by the Treaty of