Title: Five things you need to know about the Maastricht Treaty
Headings: Five things you need to know about the Maastricht Treaty
Five things you need to know about the Maastricht Treaty
The Treaty laid the foundations for the European Union as we know it today
1.
Greater cooperation
European citizenship
Common foreign and security policy
Justice and Home Affairs
2.
Representatives from 12 countries signed the Treaty on 7 February 1992
Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain and the United Kingdom
3.
A single currency for Europeans
Stage 1 (01/07/90 - 31/12/93)
Stage 2 (01/01/94 - 31/12/98)
Stage 3 (01/01/99 - today)
4.
The Treaty also established rules on how the euro would work in practice. This included specifying what a country needs to do to join the euro area.
Inflation
Levels of public debt
Interest rates
Exchange rate
5.
Europe has moved closer together
The Stability and Growth Pact
The European Stability Mechanism
The banking union
Today, more than 440 million citizens from 27 Member States enjoy the benefits of European cooperation
WANT TO KNOW MORE?
READ IN MORE DETAIL HERE

Content: European leaders have agreed on additional steps to promote further integration between European states such as: The Stability and Growth Pact
The Stability and Growth Pact was agreed in 1997 to ensure that countries followed sound budgetary policies. The European Stability Mechanism
The European Stability Mechanism was established to provide financial assistance to euro area countries experiencing or threatened by severe financing problems. The banking union
The Single Supervisory Mechanism and the Single Resolution Board were created after the financial crisis to make the European banking system safer, as well as to increase financial integration and stability. Today, more than 440 million citizens from 27 Member States enjoy the benefits of European cooperation
In the years since the roadmap towards the euro was agreed, the euro has become the world’s second most traded currency and is part of the daily life of 340 million citizens in 19 countries. WANT TO KNOW MORE? READ IN MORE DETAIL HERE
27 June 2020
Why are stable prices important? 27 June 2020
How do we keep prices stable? With monetary policy. What is that?