Chronology of European Integration
1951 The Treaty of Paris establishes the Coal and Steel Community
1957 The Treaty of Rome established the European Economic Community (EEC, or Common Market), composed of the six original member nations (Belgium, France, The German Federal Republic, Italy, Luxembourg and the Netherlands).
1962 The European Commission sets the goal of monetary unity.
1966 The Luxembourg Compromise establishes primacy of “Vital National Interest” claims as a limitation
on EEC Powers.
1967 Integration of European institutions to form the European Community (EC), thus replacing the EEC.
1969 The Hague Summit calls for economic and monetary union, stronger institutions, and greater political cooperation.
1970 The Werner Plan Proposed European Monetary unity.
1973 Denmark, Ireland, and the United Kingdom join the EC, raising the six members to nine.
1979 The beginning of the European Monetary System (EMS)), including the Exchange Rate Mechanism (ERM) of Loosely fixed rates.
1981 Greece joins the EC, raising the nine members to ten.
1985 (June) The European Commission publishes a White Paper Proposing completion of the internal or single market.
1985 (December) Commission White Paper proposals are encapsulated into the Single European Act.
1986 Portugal and Spain join the EC, raising the ten members to twelve.
1987 (July) The Single European Act enters into
force 
1989 End of the Cold War
1989 (April) Publication of the Delors plan for creating the European Economic and Monetary Union (EMU), including a single currency and the European Central Bank
1989 (June) The Madrid Summit sets July 1, 1990, as the beginning of stage one of the EMU
1990 German Reunification.
1991 (December) The Maastricht Summit approves the Treaty on European Union (Maastricht Treaty), agrees to create a single currency (Euro), and sets a three-stage timetable to achieve the EMU.
1992 (June) The Danes reject the Maastricht Treaty.
1992 (September) The French approve the Maastricht Treaty by a narrow margin and England drops out of the ERM.
1993 (May) The Danes approve the Maastricht Treaty in a second referendum.
1993 (September) The United Kingdom opts out of the EMU.
1993 (November) The Maastricht Treaty comes into force, creating the European Union (EU).
1994 (January) The beginning of the second stage of the EMU.
1995 January) Austria, Finland, and Sweden join the EU, raising the twelve members to fifteen.
1995 (December) The Madrid Summit confirms January 1, 1999, as the beginning of stage three, the final move toward the Euro and the EMU.
1996 (December) The Dublin summit agrees on the Stability and Growth Pact.
1997 (October) The Amsterdam Treaty completed and clarified the civic rights between National citizenship and European citizenship
1999 (January) The beginning of the third and final stage toward EMU.
2002 The Euro is fully enthroned as Euroland’s Currency.
The European Economic Community | Home | Euroland’s Currency
©2000-2004 The University of Foreign Exchange