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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 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 ...
In the treaties, more specifically the Treaty on the Functioning of the European Union (TFEU), the freedom to provide services is based on Articles 49–66. The main articles related to both, the right of legal and natural persons to establish themselves in another EU country and there provide services (freedom of establishment), and the right ...
Two core functional treaties, the Treaty on European Union (originally signed in Maastricht in 1992, The Maastricht Treaty) and the Treaty on the Functioning of the European Union (originally signed in Rome in 1957 as the Treaty establishing the European Economic Community i.e. The Treaty of Rome), lay out how the EU operates, and there are a ...
Between 1993 and 2009, the European Union (EU) legally comprised three pillars. This structure was introduced with the Treaty of Maastricht on 1 November 1993, and was eventually abandoned on 1 December 2009 upon the entry into force of the Treaty of Lisbon, when the EU obtained a consolidated legal personality.
In addition to these self-imposed criteria the UK would also have had to have met the European Union's economic convergence criteria ("Maastricht criteria") before being allowed to adopt the euro. One criterion is two years' membership of ERM II, of which the UK was never a member. Under the Maastricht Treaty, the UK was not obliged to adopt ...
The European Political Co-operation (EPC) was the common term for the co-ordination of foreign policy between member states of the European Communities (EC) from its inception in 1970 until the EPC was superseded by the new European Union's (EU) Common Foreign and Security Policy (CFSP) pillar upon the entry into force of the Maastricht Treaty in November 1993.
By 1992 about 90% of the issues had been resolved [18] and in the same year the Maastricht Treaty set about to create an Economic and Monetary Union as the next stage of integration. Work on freedom for services took longer, and was the last freedom to be implemented, mainly through the Posting of Workers Directive (adopted in 1996) [ 19 ] and ...