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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2634 |
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In 1986 the single European act was signed. It was the first step towards the single European market. In 1992, the Maastricht treaty was signed, which modified the Treaty of Rome. It established the European Union. At the same time it established Economic and Monetary Union. The European Economic Area was founded in 1994 in order to allow European Free Trade Association (EFTA) countries to participate in the single market without joining the EU...
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The European Economic Area was founded in 1994 in order to allow European Free Trade Association (EFTA) countries to participate in the single market without joining the EU. In 1997, the Treaty of Amsterdam was signed which updated the Maastricht treaty. In January 1999, eleven countries agreed to join the EU and abandon their existing currencies...
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