6) The European Union was formed and is now on the brink of collapse
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1 November 1993 saw the formal establishment of the European Union (EU) as the Maastricht Treaty was signed. The continent had taken years to heal following World War II and subsequent decades saw countries sign various agreements that laid the foundations for the EU.
Euro became the official currency of 19 member countries and it soon became the second largest reserve currency in the world after the American dollar. Trade and movement of both goods and people soon saw most economies thrive but there was friction between a few countries when debt crises and migration of Middle-Eastern refugees became causes for concern.
The United Kingdom finally held a referendum in 2016 and Brexit became a reality after the people voted to leave and the act now threatens to destabilise the entire region as more countries look to follow the UK out of the EU.
