The ECSC was joined by two other similar communities in 1957, with whom it shared its membership and some institutions. In 1969 all its institutions were merged with that of the European Economic Community (EEC, which later became part of the European Union), but it retained its own independent identity. However in 2002 the Treaty of Paris expired, and with no desire to renew the treaty, all the ECSC activities and resources were absorbed by the European Community. During its existence, the ECSC had succeeded in creating a common market but could not prevent the decline of the coal and steel industries. It did however set the ground for the future European Union.
Madrid is the capital of Spain, and the largest city in Spain. It is located on the river Manzanares in the center of the country, between the Autonomous Communities of Castilla y Leon and Castilla la Mancha. Madrid is also the capital of the Community of Madrid, an uniprovincial Autonomous Community. Due to its geographical location, wealth and history, Madrid is considered one of the financial centers of the Iberian Peninsula, together with Lisbon, and the political center of Spain.
As the capital of the former Spanish Empire, Madrid is a city of great cultural and political importance. While Madrid possesses a modern infrastructure, it has preserved the look and feel of many of its historic neighborhoods and streets. Its landmarks include the huge Royal Palace of Madrid; the Buen Retiro park, opened in 1631; an archaeological museum of international reputation; and three superb art museums.