Blog | High Net Worth Immigration

EU Explained: A Brief History

Written by Vicky Katsarova | May 3, 2016

In 1950, Robert Schuman, France's Foreign Minister, issued what became known as The Schuman Declaration. His vision was to unite European countries, both economically and politically, in order to secure lasting peace across the continent.

The following is a summary of the major steps that led from World War II to the present. We hope that these interesting facts about the EU will be enlightening and will help you learn about the history of this great region.

EU Explained Through History

From the ruins of World War II to a 27-member political and economic union of over 400 million people, the story of the European Union is one of the most consequential political projects of the modern era. The timeline below covers every major milestone from 1945 to the present day.

The History of the European Union

 
 
1945

The Second World War ended. It was the most recent of European conflicts, that date back to the destruction of the Roman Empire more than 1500 years ago.

1949

The Council of Europe is established as a first step towards co-operation. Some countries wanted to establish closer economic ties, which led to the drafting of the Schuman Declaration.

1950
The Schuman Declaration

The Schuman Declaration is issued. The Declaration is now celebrated on May 9 as 'Europe Day.'

1951
Treaty of Paris

The Treaty of Paris establishes the European Coal and Steel Community. The six signatories and founding members were Belgium, France, The Federal Republic of Germany, Italy, Luxembourg, and the Netherlands.

Belgium France Germany Italy Luxembourg Netherlands
1957
Treaty of Rome (March 25)

The six signatories to the Treaty of Paris sign The Treaty of Rome and thus establish the European Economic Community (The Common Market) and also the European Atomic Energy Community. Trade barriers were eased, allowing goods, capital, and people to move freely between these six nations.

The European economy grows, and member nations of the EEC end customs duties.

1962
July 30

EEC members agree to joint control over food production and establish the Common Agricultural Policy, which produces an agricultural surplus.

1963
July 20

The EEC members sign the first major international agreement to support 18 former African colonies. By 2005, this agreement led to a 78-member partnership with countries in Africa, the Caribbean, and the Pacific regions.

1968
July 1

The Customs Union is created, eliminating all import tariffs between the six member countries.

1972
April 24

The Exchange Rate Mechanism allows member nation currencies to fluctuate against each other, within narrow limits. This was a major step to establishing a common currency.

1973
January 1
First Expansion

Denmark, Ireland, and the United Kingdom are admitted to the EEC, increasing membership to 9 nations.

Denmark Ireland United Kingdom 9 members total
1974
December 10

The European Regional Development Fund is established with the purpose of transferring funds to poorer member nation areas to boost employment, build infrastructure, and attract investment.

1975

A UK referendum resulted in a 67.2% vote to remain in the EEC.

1979
June 7 to 9
First Democratic Elections

The first direct election of members to the European Parliament were held.

1981
January 1

Greece is admitted as a member.

1986
January 1

Spain and Portugal are admitted as members.

February 17 — Single European Act

The Single European Act is adopted, establishing a 6-year timetable to complete all actions needed to create a true common market. This included removing obstacles, such as differences in national regulations, to encourage the free flow of goods across national borders. The Act also strengthened central control over environmental protection. Spain, Portugal, the Azores, and Madeira are admitted as member states.

1987
February 17
Erasmus Programme Launched

The Erasmus Programme is launched to help fund students who wish to study for up to a year in another member country.

1992
February 7
The Maastricht Treaty — Birth of the EU

The Treaty of European Union (also known as The Maastricht Treaty, or simply 'Maastricht') is signed, creating the European Union. The Treaty establishes European citizenship, the rules for a single European currency (by 1999), a Common Foreign and Security Policy (CFSP), and closer cooperation between members in judicial and domestic affairs.

The term 'European Union' replaces 'European Community.'
1993
January 1
The Single Market and Four Freedoms

The 'single market' and its 'four freedoms' are established, heralding the free movement of goods, services, money, and people within the EU's borders. In the following years, more than 200 laws were enacted, covering everything from tax policy to professional qualifications and business regulations.

Free movement of goods Free movement of services Free movement of money Free movement of people
1995
January 1

Austria, Finland, and Sweden join the EU.

March 26 — The Schengen Agreement Takes Effect

The Schengen Agreement becomes effective in 7 countries (Belgium, Germany, France, Luxembourg, the Netherlands, and Portugal) enabling many foreign nationals to travel visa-free in these countries. The so-called Schengen Area now includes more than 60 member states and nations.

1997
June 17

The Treaty of Amsterdam is signed into European law and lays down plans to reform certain EU institutions. The goal is to give the EU, as an entity, a stronger world-voice and to focus in more ways on civil rights and employment.

December 13

The EU begins membership negotiations with 10 nations of Central and Eastern Europe, as well as with Malta and Cyprus.

1999
January 1
The Euro Introduced

The EU's new currency, the Euro Dollar, is introduced as a measure of value for commercial and financial transactions in 11 member states. It was not yet a medium of exchange.

2001
February 26

The Treaty of Nice was signed, reforming certain institutions and reinforcing fundamental rights, security, defense, and judicial co-operation in criminal matters. It did not come into force until February 1, 2003.

2002
January 1
Euro Becomes Legal Tender

The Euro becomes a medium of exchange, with coins and notes becoming legal tender in 12 member states.

2003
March 31

The EU takes on its first peacekeeping role (in the Balkans) replacing NATO troop units. In addition, the EU agrees to create 'an area of freedom, security, and justice' for all of its citizens by 2010.

2004
May 1
Largest Single Expansion

Eight more countries join the EU. This ends the division of Europe, established at the Yalta Conference 60 years earlier. Cyprus and Malta became EU members, increasing the size of membership to 25.

Czech Republic Estonia Hungary Latvia Lithuania Poland Slovenia Slovakia Cyprus Malta 25 members total
October 29

The European Constitution is introduced. The constitution failed to be adopted by referendum in France and the Netherlands. The EU leaders declared a 'period of reflection.'

2007
January 1

Bulgaria and Romania became members, making 27 in all. Turkey and the Republic of Macedonia became candidates for future membership.

Bulgaria Romania 27 members total
December 13 — Treaty of Lisbon

The Treaty of Lisbon is signed. This amended previous treaties, and is designed to make the EU more democratic, efficient, and transparent in its workings. It came into force on December 1, 2009.

2013
January 1

Croatia becomes a member.

2016
June 23
Brexit Referendum

A referendum is held in the UK to decide if the UK will remain a member of the EU.

How the EU Grew Over Time

 
1951
Belgium, France, Germany, Italy, Luxembourg, Netherlands
6 founding members
1973
Denmark, Ireland, United Kingdom join
9 members
1981
Greece joins
10 members
1986
Spain and Portugal join
12 members
1995
Austria, Finland, Sweden join
15 members
2004
Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia, Slovakia, Cyprus, Malta join
25 members
2007
Bulgaria, Romania join
27 members
2013
Croatia joins
27 members today

If you would like to discuss any of the immigration by investment programs for the EU countries that offer them, please contact us. We look forward to discussing the many opportunities available to you.

Interested in EU Residency by Investment?

 

From the six founding members of 1951 to a 27-member union today, the EU represents the most ambitious cooperative project in modern history. For high-net-worth individuals, EU residency and citizenship opens the door to free movement, tax flexibility, property ownership without restriction, and access to the world's largest single market. High Net Worth Immigration specializes exclusively in residency-by-investment solutions for EU countries. Book a confidential consultation today to explore which program is right for you.

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