European Union - Facts

  • Print
  • Email this article
NAME AND DATE OF DOCUMENT SIGNED SIGNIFICANT EVENTS
Enlargement of the EU
(1 May 2004)

Accession of Czech Republic, Estonia, Lithuania, Latvia, Poland, Slovakia, Slovenia, Hungary, Cyprus and Malta.

The Treaty of Nice
(signed on 26.02.2001)

Regulates the rules of Union after accessing the new candidates (countries from Central and East Europe: Bulgaria, Czech Republic, Estonia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, Hungary, Cyprus, Malta and Turkey) and confirms readiness of Union for accessing new candidates at the end of year 2002. Regulates the number of mandates in European Parliament (Poland - 50) and number of votes in UE Council (Poland - 27).

The Treaty of Amsterdam
(signed on 2.10.1997, entered into force on 1.05.1999)

Its main assumptions are: increase of rights and influence of citizens of Union , Union in foreign policy and increase of institutional efficiency and democracy.

Enlargement of the EU
(1.01.1995)

Austria, Finland and Sweden become members of the European Union.

The Treaty on European Union (signed in Maastricht on 7.02.1992, and entered into force on 1.11.1993) known as Treaty of Maastricht

The most extensive reform of Treaties of Rome. Its result was establishing European Economic Community and European Monetary Agreement (common currency):

  • Prices stabilisation (country inflation rate not higher than 1,5% of average inflation rate of 3 countries with the lowest inflation rate)
  • Budget discipline (total indebtedness not higher than 60% GNB, increase of annual increase of indebtedness not higher than 3% GNB)
  • Convergence of fx rate (long-term nominal fx rate not higher than 2% of average fx rate of 3 countries with the lowest inflation rate)
  • Exchange rates stabilisation (participation in European Monetary Agreement)

The Single European Act
(signed in Luxembourg and Hague in 1986, entered into force on 1.07.1987)

Spain and Portugal joined the European Communities (12 member states). Realisation of internal market until 1992.

Enlargement of Unity

Denmark, Ireland and Great Britain (1.01.1973) and Greece (1.01.1981) become members of the European Union.

The Merger Treaty
(1965, entered into force on 1.07.1967)

Established common law principle European Unity, containing ECSC, Euratom and EEC.

Treaties of Rome
(21.03.1957, entered into force on 1.01.1958)

The basis of European association (France, German, Holland, Belgium, Luxembourg and Italy). Enforced Common Customs Tariff (common external tariff). Additional aim was to organise common market with free movement of workers, goods and capital and co-ordination of each policies (ex. rules and purposes of Common Agriculture Policy – CAP). Establishing the European Atomic Energy Community (Euratom).

The Treaty of Paris
(signed on 18.04.1951, entered into force on 23.07.1952, and will end on 23 July 2002)

Establishing the European Coal and Steel Community. In result of that decision, in 1953 single market for that products was risen. For the first time, one of the main area of economic policy was taken over by supranational organization.