European Economic Community
The European Economic Community (EEC) (also referred to as simply the European Community, or the Common Market in the English-speaking world) was an international organisation that existed between 1958 and 1993 which was created to bring about economic integration (including a single market) between Belgium, France, Germany, Italy, Luxembourg and the Netherlands.
It was enlarged later to include six additional states and, from 1967, its institutions also governed the European Coal and Steel Community (ECSC) and European Atomic Energy Community (EAEC or Euratom) under the term European Communities. When the European Union (EU) was created in 1993, the EEC was transformed into the European Community, one of the EU's three pillars, with EEC institutions continuing as those of the EU.
- For an example see this 1987 article from the New York Times: Steps Drafted For European Central Bank.
- Pillar system was abolished in 2009, all pillars were merged into the EU as a whole