European Union: Maastricht Treaty (1992)
by Anonymous
European nations debated deepening integration through a common currency and political union, or keeping the looser European Economic Community. The Maastricht Treaty created the EU and laid groundwork for the euro.
Deep Integration (EU + Euro)
1992
year
Common currency, shared foreign policy, EU citizenship
integration level
Significant — pooled sovereignty
sovereignty impact
Adopted — EU created, euro launched 1999
outcome
Economic Community Only
1992
year
Free trade and movement only
integration level
Minimal
sovereignty impact
Not chosen — momentum favored deeper union
outcome
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