Maastricht Treaty definition
Examples of Maastricht Treaty in a sentence
However, all of these countries, with the single exception of the Czech Republic, intend to meet the Maastricht Treaty fiscal criteria by 2005 (European Commission, 2003).
The Maastricht Treaty was a powerful stimulus for European Union countries to consolidate their budgets.
It has been considered that, even in cases of evident externalities, scale economies and political homogeneity, fiscal policy centralization would be a solution only if the alternative hypotheses of policy co-ordination or policy harmonization could not be envisaged (vide the subsidiary principle in the Maastricht Treaty).
The founding Treaty signed in Rome in 1957 has subsequently been amended several times, firstly with the Single European Act in 1987 and then with the Maastricht Treaty on the European Union in 1992, the Treaty of Amsterdam in 1997, the Treaty of Nice in 2001 and the Lisbon Treaty in 2007.
The Maastricht Treaty on the European Union The Treaty on the European Union (Treaty of Maastricht) came into force in November 1993, after being ratified by the Parliaments of all Member States, and represented the most important step towards European integration after the Single European Act of 19871.
Furthermore, as the Maastricht Treaty of 1992 had envisioned, the WEU would become the sole actor of exercising security tasks framed within the Common Foreign and Security Policy (CFSP) of the Maastricht Treaty.
These reforms comprised of reductions in intervention prices for meat and 1Future treaties resulted in new members being admitted and the EEC becoming first the European Community and later the European Union (following the Maastricht Treaty).
This was the day the referendum was held on the Edinburgh Agreement and the Maastricht Treaty in Denmark.
That Subsidiarity as defined by the Maastricht Treaty 1992 Article 5(3) shall apply to the functions of national and local government in Scotland.”Member’s explanatory statementThis extends protection of Scottish Local Government’s independence by protecting its subsidiarity behind a European Treaty applicable to the United Kingdom.
Some forms of mutual recognition have already been embodied in the instruments of judicial cooperation adopted, before the Maastricht Treaty, in various forums, and subsequently in the European Union framework.