For Maastricht Treaty we have terms and definitions in 3 topics. The topics are International Economics, Shipping and World Politics.

Maastricht Treaty (International Economics)

The 1991 treaty among members of the EU to work toward a monetary union, or common currency. This ultimately resulted in adoption of the euro in 1999.

Maastricht Treaty (Shipping)

The Maastricht Treaty (named for the Dutch town in which the treaty was signed) is also known as the Treaty of European Union. The treaty creates a European Union by: (a) commiting the 12 member states of the European Economic Community to both European Monetary Union (EMU) and political union; (b) introducing a single currency (European Currency Unit, ECU); (c) establishing a European System of Central Banks (ESCB); (d) creating a European Central Bank (ECB); and (e) broadening EEC integration by including both a common foreign and security policy (CFSP) and cooperation in justice and home affairs (CJHA). The treaty, negotiated in 1991 and signed in February 1992, entered into force on November 1, 1993.The Maastricht Treaty envisioned EMU being achieved in three stages: - A first stage (encompassing treaty negotiations and lasting through January 1, 1994) concludes with ratification of treaty amendments needed to establish EMU, including participation by all 12 EEC member states in the Exchange Rate Mechanism; - A second stage (January 1, 1994 through no later than January 1, 1999) involves establishment of the European Monetary Institute (EMI) to support development of a single currency (the ecu) and development of the ECB; - A third stage (starting no later than January 1, 1999) involves irrevocable fixing of exchange rates and the debut of the ECB with transfer of powers necessary for administering economic and monetary union. See: European Central Bank European Currency Unit European Monetary Institute European System of Central Banks Exchange Rate Mechanism.

Maastricht Treaty (World Politics)

The most significant agreement in the recent history of the European Union (EU). The Maastricht Treaty was signed by leaders of the EU's 12 member-countries in December 1991 and outlines steps toward further political-economic integration.

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