
1986
1 January: Spain and Portugal join the Community.
February: Single European Act signed, aiming to create a Single Market by 1992, and reforming the
legislative process to speed this up.
May: the European flag, adopted by Community institutions, flown for the first time in front of the
Berlaymont building, HQ of the Commission in Brussels.
1987
Turkey formally applies to join.
1990
European Council held in Rome launches two Intergovernmental Conferences, one on Economic and
Monetary Union, the other on Political Union.
1992
February: Maastricht Treaty on the European Union is signed, leading to creation of the euro, and the
"pillar" structure of the European Union: the European Community (EC) pillar, the Common Foreign and
Security Policy (CFSP) pillar, and the Justice and Home Affairs (JHA) pillar.
June: in a referendum, Denmark votes against ratification of Maastricht Treaty.
1993
January: Single European Market enters into force.
May: in a second referendum, Danes vote in favour of Maastricht.
1995
January: Austria, Finland and Sweden join the Union, bringing membership to 15.
March: Schengen Agreement comes into force between Belgium, France, Germany, Luxembourg, the
Netherlands, Portugal and Spain, lifting border control.The UK and Ireland stay out of the agreement due to
fears of terrorism and illegal immigration.
1997
Amsterdam Treaty signed, emphasising citizenship and the rights of individuals, more powers for the
European Parliament, the beginnings of a common foreign and security policy (CFSP).
1998
Establishment of the European Central Bank.
1999
Entire Commission led by Jacques Santer resigns following report by the Committee of Independent Experts
on allegations of fraud, mismanagement and nepotism.