The euro was introduced as common currency in most member states. (De Silguy and Santer displaying the €1 coin in 1998)
Santer became head of the European Commission in 1995 as a compromise choice forced by the United Kingdom on the one hand and a Franco-German pre-emptive strategy to force all other EU member states to have Jean-Luc Dehaene (whose nomination UK vetoed) on the other hand.
Allegations of corruption concerning single EU-commissioners led to an investigation into administrative failings (incompetence and malpractice) by an independent group of experts. The report stated that they had not found a single person showing the slightest sense of responsibility. Yet, Jacques Santer and his entire commission resigned on March 15, 1999, the very day of the report's publication (see Santer Commission: Resignation).