In response to this truly historic turnaround the EU consistently
embarked upon a far-reaching process of reform:
In Maastricht one of the three essential sovereign rights of the modem
nation-state - currency, internal security and external security - was for
the first time transferred to the sole responsibility of a European
institution. The introduction of the euro was not only the crowning-point
of economic integration, it was also a profoundly political act, because a
currency is not just another economic factor but also symbolizes the power
of the sovereign who guarantees it. A tension has emerged between the
communitarization of economy and currency on the one hand and the lack of
political and democratic structures on the other, a tension which might
lead to crises within the EU if we do not take productive steps to make
good the shortfall in political integration and democracy, thus completing
the process of integration.
The European Council in Tampere marked the beginning of a new
far-reaching integration project, namely the development of a common area
of justice and internal security, making the Europe of the citizens a
tangible reality. But there is even more to this new integration project:
common laws can be a highly integrative force.
It was not least the war in Kosovo that prompted the European states
to take further steps to strengthen their joint capacity for action on
foreign policy, agreeing in Cologne and Helsinki on a new goal: the
development of a Common Security and Defence Policy. With this the Union
has taken the next step following the euro. For how in the long term can
it be justified that countries inextricably linked by monetary union and
by economic and political realities do not also face up together to
external threats and together maintain their security?
Agreement was also reached in Helsinki on a concrete plan for the
enlargement of the EU. With these agreements the external borders of the
future EU are already emerging. It is foreseeable that the European Union
will have 27, 30 or even more members at the end of the enlargement
process, almost as many as the CSCE at its inception.