Maastricht Treaty

The Maastricht Treaty, signed in 1992, was a significant agreement among European countries that aimed to create a closer political and economic union in Europe. It established the European Union (EU) and introduced the euro as a common currency. The treaty set out guidelines for greater cooperation in areas like foreign policy, defense, and justice. It also strengthened the powers of the European Parliament, promoting democracy within the EU. Essentially, Maastricht laid the foundation for a more integrated Europe, fostering collaboration among member states to enhance stability and prosperity across the continent.