European integration for greater transparency and trust among themselves. This transfer of national powers to a "Community" to be exercised by its Commission was paralleled under the 1957 Treaty of Rome establishing the European Atomic Energy Community (or Euratom) and the European Economic Community (EEC) in Brussels. In 1967, the Merger Treaty (or Brussels Treaty) combine the institutions of the ECSC and Euratom into that of the EEC. They already shared a Parliamentary Assembly and Courts. Collectively they were known as the European Communities. In 1987, the Single European Act (SEA) was the first major revision of the Treaty of Rome that
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