Maastricht Treaty
Maastricht TreatyA treaty signed by the 12 member states of the European Union , agreed in February 1992 , which came into effect on 1 November 1993 . The treaty – officially known as the ‘Treaty on European Union’ – envisages political union, with the concept of ‘union citizenship’; eventual monetary union under a European Central Bank; common policies on foreign affairs and security, with the Western European Union becoming the military arm of the Community; greater cooperation on domestic and environmental matters; some strengthening of the European Parliament; and ‘subsidiarity’, that is, an effective level of demarcation between the powers and responsibilities of the EU institutions and individual member states. The ratification by the member states was complicated by disagreements...
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