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Contemporary Europe, ca. 1991-After the Cold War, NATO removed its missiles from Europe, shifting its focus to intervention in the Balkans conflicts of the 1990s. 36 Overall, NATO-Russia tensions have relaxed enormously (although not completely) since 1991. 42 Among the problems of post-Soviet Russia (and Eastern Europe generally) have been corruption, unemployment, inflation, and independence movements. While most Eastern European nations have become truly democratic since the Cold War, Russia remains a dictatorship. 1,54 The 1990s witnessed the formation of the European Union, a political/ economic alliance of European states. The precursor to this union was the European Economic Community (a.k.a. European Common Market), which was established after WWII to coordinate national coal and steel industries. The European Union brought the continents economic integration to new heights, creating a common European currency and establishing a central bank. 1,40
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