Wars, politics & history

Maastricht Treaty

7 February 1992

The Maastricht Treaty, signed in the Dutch city of Maastricht in February 1992 and in force from November 1993, created the European Union out of the European Community. It set up a structure of cooperation on foreign policy and on justice and home affairs alongside the existing economic institutions, and introduced the concept of European citizenship. Its most consequential element was the timetable for economic and monetary union, with strict convergence criteria for debt and inflation, which led to the launch of the euro. The United Kingdom and Denmark obtained opt-outs from parts of it. Ratification was difficult: Danish voters rejected it at first and approved it a year later, and the French referendum passed by a narrow margin.

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