The Maastricht Treaty

The Maastricht Treaty, signed in 1992, established the European Union (EU) and set the foundation for the euro currency. It aimed to deepen economic and political integration among EU member states, introducing common policies on areas like trade and security. The treaty established criteria for countries to adopt the euro, promoting economic stability. Furthermore, it strengthened cooperation on foreign and domestic policies. Overall, the Maastricht Treaty marked a significant step towards a more unified Europe, promoting peace, stability, and economic collaboration among its member nations.