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The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration" [2] chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and ...
The purpose of setting the criteria was to achieve price stability within the eurozone and ensure it wasn't negatively impacted when new member states accede. The framework of the five criteria was outlined by article 109j.1 of the Maastricht Treaty, and the attached Protocol on the Convergence Criteria and Protocol on the Excessive Deficit ...
[nb 1] It did not want to stay Italian. By doing so, the company expected to be the "successor" of the Italian company it previously was. [nb 2] Hungarian authorities simply said that it was not possible. In this case, the Court ruled that the Hungarian measure forbidding cross-border conversion constitutes a hindrance to the Freedom of ...
The Treaty on the European Union (2007) is one of the primary Treaties of the European Union, alongside the Treaty on the Functioning of the European Union (TFEU). The TEU forms the basis of EU law , by setting out general principles of the EU's purpose, the governance of its central institutions (such as the Commission, Parliament, and Council ...
The following articles elaborate on the form of association such as customs duties. [2] Part 5, External action by the Union. Part 5 deals with EU foreign policy. Article 205 states that external actions must be in accordance with the principles laid out in Chapter 1 Title 5 of the Treaty on European Union.
Final chapter (No. 30) was opened and closed at the same time. 2003 8 April Draft accession treaty approved by Estonian government 16 April Treaty of Accession signed 14 September Referendum on membership approved 66.84% in favour, turnout : 64.02% 2004 1 May Acceded to EU: 28 June Joined ERM: Requires 2 years in ERM before euro adoption 2007 ...
The Treaty of Maastricht renamed the EEC as the "European Union", and expanded its powers to include a social chapter, set up a European Exchange Rate Mechanism, and limit government spending. The UK initially opted out of the social provisions, and then monetary union after the 1992 sterling crisis ("Black Wednesday") where speculators bet ...
A referendum on the Maastricht Treaty for the founding of the European Union was held in Denmark on 2 June 1992. [1] The treaty was rejected by 50.7% of voters with a turnout of 83.1%. [ 2 ] This meant a serious hurdle on the way in the process of further European integration , which nevertheless did continue because all twelve member states ...