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Maastricht Treaty

1992 founding treaty of the European Union / From Wikipedia, the free encyclopedia

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The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration"[2] chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and (with less precision) for common foreign and security policies. Although these were widely seen to presage a "federal Europe", the focus of constitutional debate shifted to the later 2007 Treaty of Lisbon. In the wake of the Eurozone debt crisis unfolding from 2009, the most enduring reference to the Maastricht Treaty has been to the rules of compliance – the "Maastricht criteria" – for the currency union.

Quick facts: Type, Signed, Location, Effective, Amendment...
Treaty on European Union
GER_%E2%80%94_BY_%E2%80%94_Regensburg_-_Donaumarkt_1_%28Museum_der_Bayerischen_Geschichte%3B_Vertrag_von_Maastricht%29_%28cropped%29.JPG
The Treaty of Maastricht, here shown at an exhibition in Regensburg. The book is opened at a page containing the signatures and seals of the ministers representing the heads of state of Belgium, Denmark, Germany and Greece
TypeFounding treaty
Signed7 February 1992 (1992-02-07)[1]
LocationMaastricht
Effective1 November 1993
Amendment
SignatoriesEU member states
Full text
Wikisource-logo.svg Consolidated version of the Treaty on European Union at Wikisource
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Against the background of the end of the Cold War and the re-unification of Germany, and in anticipation of accelerated globalisation, the treaty negotiated tensions between member states seeking deeper integration and those wishing to retain greater national control. The resulting compromise faced what was to be the first in a series of EU treaty ratification crises.