timeline 6.3 By tessablikman 1952 the European parliament was formed 1991 countries agreed on the name European Union, a new currency was formed called the Euro 1995 Germany, France and Benelux eliminated border checkpoints 1995 Austria, Sweden and Finland joined the EU 1997 Albanians try to enter Italy 2002 12 countries introduced the euro 2004 10 more states joined the EU 2007 Bulgaria and Rumania joined the EU (in total 27 now)