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Maastricht Treaty: Treaty on European
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The European Community is increasingly having more influence on the UK and the Maastricht Treaty was a significant stage in the process of developing the Community. It introduced the concept and structure of the Treaty on European Union and the criteria for the introduction of the Single Currency.
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The Maastricht Treaty (formally known as the Treaty on European Union), which was signed on February 7, 1992, created the European Union. The treaty met with substantial resistance in some countries. In Denmark, for example, voters who were worried about infringements upon their country's sovereignty defeated a referendum on the original treaty in June 1992, though a revised treaty was approved the following May. Voters in France narrowly approved the treaty in September, and in July 1993 British Prime Minister John Major was forced to call a vote of confidence in order to secure its passage. An amended version of the treaty officially took effect on November 1, 1993.
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The Maastricht Treaty, which is formally known as the Treaty on European Union, was signed in Maastricht, the Netherlands, on February 7, 1992. It represented a major step by its signatories towards European economic, political, and social—but especially monetary—integration. The treaty was signed by Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, and the United Kingdom—the 12 member countries of the European Community. The main proviso of the treaty was the immediate creation of the European Union and by the late 1990s the establishment of the Economic and Monetary Union.
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IT WAS INEVITABLE that the Maastricht treaty on European union would run into difficulty. The pact was premature in conception and too ambitious to survive intact. It had been signed in December 1991 when a mood of "Europhoria" held sway. With spirits boosted by a surge of economic growth the 12-nation European Community (EC) pledged to build a lasting union. It was to be the successor to both the Common Market launched in 1958 and the integrated customs union created by the Single European Act of 1987. The historic Maastricht treaty was to take the next step: to create a far-reaching economic and political union that might one day become the United States of Europe.
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The Treaty on European Union (TEU), signed in Maastricht on 7 February 1992, entered into force on 1 November 1993. This Treaty is the result of external and internal events. At external level, the collapse of communism in Eastern Europe and the outlook of German reunification led to a commitment to reinforce the Community's international position. At internal level, the Member States wished to supplement the progress achieved by the Single European Act with other reforms.
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The Maastricht treaty on European Union is signed in December. It paves the way for monetary union and includes a chapter on social policy. The UK negotiates an optout on both. The treaty ... introduces European citizenship giving Europeans the right to live and vote in elections in any EU country and launches European cooperation in foreign affairs security asylum and immigration.
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