Table of Contents
What is the Maastricht Treaty?
European Union portal. The Maastricht Treaty (officially the Treaty on European Union) was signed on 7 February 1992 by the members of the European Communities in Maastricht, Netherlands, to further European integration.
What is the name of the treaty that created the EU?
European Union: The Maastricht Treaty. The Maastricht Treaty (formally known as the Treaty on European Union), which was signed on February 7, 1992, created the European Union.
What is Maastricht and why is it important?
Maastricht is the birthplace of the European Union: it is where the treaty which bears its name was negotiated and signed. When European leaders came together in Maastricht to finalise the new treaty, they each brought their national concerns to the table.
What is the Maastricht criteria for euro adoption?
The Maastricht criteria. The Maastricht criteria (also known as the convergence criteria) are the criteria for European Union member states to enter the third stage of European Economic and Monetary Union (EMU) and adopt the euro as their currency. The four criteria are defined in article 121 of the treaty establishing the European Community.
What were the three pillars of the Maastricht Treaty?
The Maastricht Treaty altered the former European treaties and created a European Union based on three pillars: the European Communities, the common foreign and security policy (CFSP) and cooperation in the field of justice and home affairs (JHI).
What are the Maastricht obligations?
Commonly known as the Maastricht criteria, these obligations represented the performance thresholds for member states to progress toward the third stage of European Economic and Monetary Union (EMU), the adoption the common currency (designated at the 1995 Madrid European as the Euro ).
What are the four criteria of Maastricht?
The Maastricht criteria. The four criteria are defined in article 121 of the treaty establishing the European Community. They impose control over inflation, public debt and the public deficit, exchange rate stability and the convergence of interest rates.