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Maastricht Treaty
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| - | An agreement signed in 1991 by the 12 member nations of the then European Community, that set the timetable and criteria for Economic and Monetary Union within the bloc. The treaty also created the European Union, with new political and social responsibilities, to replace the European Community. The [[Maastricht Treaty|Maastricht Treaty]] is also known as the Treaty on European Union.
| + | The Treaty of Maastricht (officially the Treaty on European Union) was signed by the then 12 member states of the European Economic Community on 7 February 1992 in Maastricht, the Netherlands, after final agreement on December 9, 1991. It entered into force on 1 November 1993. It created the European Union (EU) and set the timetable and criteria for Economic and Monetary Union (EMU) and the creation of the single currency, the euro, by 1999. The EU now has 27 member states. |
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| | See also: [[EMU]], [[EU]] | | See also: [[EMU]], [[EU]] |
Revision as of 13:53, 15 November 2008
The Treaty of Maastricht (officially the Treaty on European Union) was signed by the then 12 member states of the European Economic Community on 7 February 1992 in Maastricht, the Netherlands, after final agreement on December 9, 1991. It entered into force on 1 November 1993. It created the European Union (EU) and set the timetable and criteria for Economic and Monetary Union (EMU) and the creation of the single currency, the euro, by 1999. The EU now has 27 member states.
See also: EMU, EU