From this decade is a renewed impetus to the European integration process with the end of the Cold War. After the fall of the Berlin Wall, the population corresponding to the GDR joined the Union because of German reunification.
So in 1992 the Maastricht Treaty gives the EU a new name: European Union.
The sphere of influence of the EU is increasing significantly with the addition of Austria, Finland and Sweden. In 1995 the large union to the EU-15. However, the weakness of the politico-military organization is reflected in its inability to prevent the Yugoslav Wars.
The economy, meanwhile, is reinforced with the European Central Bank is established in June 1995, and set its headquarters in Frankfurt.
At the end of the century is a considerable strengthening of the common policy on the Treaty of Amsterdam, which revises the legislation of the Union and entered into force in 1999.
Monitoring the European Central Bank 3 by Alberto Alesina, Olivier Blanchard, Jordi Gali, and Francesco Giavazzi (Paperback – May 2001)