SMEI - Week 5

The single market and the monetary union

Single Market

ECSC

1951

Treaty of Rome

1957

EEC --> CU
Autarky, FTA, CU, CM, Economic union, Final integration

Need because of US competition

Acceleration Agreement

1960

European Community

1965

Custom Union

1968

The Hague Summit

1969

--> CM --> CC

Stagflation + oil crisis

1970 - 1980

Fontainebleau Europe Council meeting

1984

1. White Paper

1985

--> SEA
Agreed to make the single market by 1992
Telecommunication (...) excluded

95% of NTB's abolished

1985 - 1992

Serious step

Treaty of Maastricht

1992

<-- SEA
Common Market agreed on

Common Market

1993

Not complete common market, no four freedoms
Problems: (tackled later by the service directive)

Services Directive

2006

Still dealing with some problems

Monti Report

2010

Single Market Act I

2011

SMA

Single Market Act II

2012

Monetary Union

The Hague Summit

1969

Werner (?) Snake in the tunnel

1970

EMS - ERM

1978 - 1979

White Paper

1985

Delois Report

1989

Treaty of Maastricht

1992

Monetary Union

1999

YESSS