The Maastricht Treaty Was An Agreement Among

Britain`s exit from the Bloc cast a shadow over the anniversary, with the UK being one of 12 signatories to the treaty. In the first Danish referendum on 2 June 1992, the Treaty was rejected by a majority of 50.7% to 49.3%. [8] The concessions that were guaranteed until the end of the year in Edinburgh, including the same exemption of Great Britain from the single currency (Denmark would not have to give up the crown), allowed for a second referendum. On 18 May 1993, the Maastricht Treaty was adopted by 56.7% of the vote. [9] As regards Economic and Monetary Union, the Treaty provides for the creation of the European Monetary Institute, which aims, inter alia, to strengthen cooperation between national central banks, strengthen the coordination of national monetary policies and monitor the functioning of the European Monetary System. It was composed of a president and the governors of the national central banks. After being “determined to continue the process of creating an ever closer union between the peoples of Europe”, the Treaty proposes, under seven titles, “other measures to be taken to advance European integration”[2]. Through the establishment of a common market and an economic and monetary union, as well as the implementation of common policies, the Community`s task is henceforth to promote, throughout the Community, a harmonious and balanced development of economic activities, sustainable and non-inflationary growth taking account of the environment, a high degree of convergence of economic performance, a high level of employment and high social protection. improving the standard of living and quality of life as well as economic and social cohesion and solidarity between Member States.

The Maastricht Treaty, concluded in 1992 between the 12 Member States of the European Communities, is the founding treaty of the European Union (EU). .