The European Union, 1957–91
The European Union, 1957–91
The Formation of the European Economic Community, 1957
- The Treaty of Rome in 1957 led to the formation of the European Economic Community (EEC) by six countries: Belgium, Germany, France, Italy, Luxembourg, and the Netherlands.
- The primary goal of the EEC was to establish a common market and customs union among its member states.
- This idea of increased economic cooperation was proposed as a way to maintain peace in Europe, by intertwining the economies so that war between these nations would become impossible and unprofitable.
- The concept of supranationalism was introduced - meaning some decisions would be made above the national level, by the European institutions.
Expansion and Development of the European Union, 1957–91
- The Merger Treaty in 1967 combined the executive bodies of the EEC, the European Coal and Steel Community and the European Atomic Energy Community, demonstrating further integration.
- In 1973 the first enlargement took place, with Denmark, Ireland and the United Kingdom joining the community, followed by Greece in 1981, and Spain and Portugal in 1986.
- The Single European Act in 1986 aimed at creating a single European market by 1992, revolutionising the way business was conducted within the community.
The Maastricht Treaty and Birth of the European Union, 1991
- The drafting of the Maastricht Treaty in 1991 marked a new phase in European integration, with increased cooperation in foreign and internal affairs, justice and policing.
- The treaty formally established the European Union (EU) and led to the creation of the single European currency, the euro.
- The Maastricht Treaty also introduced the concept of European Citizenship, whereby a citizen of a member state is also a citizen of the EU.
Impact and Legacy of the European Union, 1957–91
- The creation of the EEC and later the EU fostered unprecedented economic growth and social progress within Europe.
- The single market allowed for free movement of goods, services, people, and capital between member countries, stimulating competition and trade.
- The sense of unity strengthened peace amongst these European nations and globally, with the EU playing a vital role in negotiating international agreements.
- The increasing power of the EU, however, raised issues pertaining to national sovereignty, influencing the ongoing debate regarding the nature and the future of European integration.