With the precedent of a supranational organization firmly set by the European Coal and Steel Community, Western Europe moved forward again in 1957 with the launch of the European Economic Community--the Common Market, as it came to be called.

FORBES: Magazine Article

It was mildly important when the then European Economic Community was just a small common market.

ECONOMIST: Bureaucracies grow faster than they can be pruned

In 1958, the European Economic Community, known as the Common Market, came into being.

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