View source for Maastricht Treaty

{{short description|1992 founding treaty of the European Union}}
{{redirect|Treaty of Maastricht|the 1843 treaty between Belgium and the Netherlands|Treaty of Maastricht (1843)}}
{{Use dmy dates|date=September 2023}}
{{Infobox treaty
| name = Treaty on European Union
| long_name = 
| image = GER — BY — Regensburg - Donaumarkt 1 (Museum der Bayerischen Geschichte; Vertrag von Maastricht) (cropped).JPG
| image_size = 230px
| caption = The Treaty of Maastricht, here shown at an exhibition in [[Regensburg]]. The book is opened at a page containing the signatures and seals of the ministers representing the heads of state of Belgium, Denmark, Germany and Greece.
| type = Founding treaty
| citations = 
| date_draft = 
| date_signed = {{start date|1992|02|07|df=yes}}<ref>{{Cite web |title=Founding agreements |url=https://european-union.europa.eu/principles-countries-history/principles-and-values/founding-agreements_en |access-date=5 February 2022 |website=European Union}}</ref>
| location_signed = [[Maastricht]]
| date_sealed = 
| date_effective = 1 November 1993
| date_expiration = 
| amendment = {{ubl|[[Edinburgh Agreement (1992)|Edinburgh Agreement]] (1992)|[[Treaty of Amsterdam]] (1999)|[[Treaty of Nice]] (2003)|[[Treaty of Lisbon]] (2009)}}
| signatories = [[Member state of the European Union|EU member states]]
| depositor = 
| language = 
| languages = 
| wikisource = Consolidated version of the Treaty on European Union
| footnotes = 
}}

The '''Treaty on European Union''', commonly known as the '''Maastricht Treaty''', is the foundation treaty of the [[European Union]] (EU).<ref name="UIA">{{Cite web |url=https://uia.org/s/or/en/1100037337 |url-access= |title=Treaty on European Union (Maastricht Treaty) |author1=Staff writer |year=2025 |department=UIA Global Civil Society Database |website=uia.org |publisher=[[Union of International Associations]] |agency=Yearbook of International Organizations Online |location=Brussels, Belgium |format= |arxiv= |asin= |bibcode= |doi= |doi-broken-date= |isbn= |issn= |jfm= |jstor= |lccn= |mr= |oclc= |ol= |osti= |pmc= |pmid= |rfc= |ssrn= |zbl= |id= |access-date=14 March 2024 |via= |quote= |trans-quote= |ref= |postscript=}}</ref> Concluded in 1992 between the then-twelve [[Member state of the European Union|member states]] of the [[European Communities]], it announced "a new stage in the process of [[European integration]]"<ref name="TEU">{{cite book |last1=Council of European Communities, Commission of the European Communities |title=Treaty on European Union |date=1992 |publisher=Office for Official Publications of the European Communities |location=Luxembourg |isbn=92-824-0959-7 |page=2 |url=https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:11992M/TXT&from=EN}}</ref> chiefly in provisions for a [[European Union citizenship|shared European citizenship]], for the eventual introduction of [[Euro|a single currency]], and (with less precision) for [[Common Foreign and Security Policy|common foreign and security policies]], and a number of changes to the European institutions and their decision-making procedures, not least a strengthening of the powers of the [[European Parliament]] and more majority voting on the [[Council of the European Union|Council of Ministers]]. Although these were seen by many to presage a "[[Federalisation of the European Union|federal Europe]]", key areas remained inter-governmental with national governments collectively taking key decisions. This constitutional debate continued through the negotiation of subsequent treaties (see below), culminating in the 2007 [[Treaty of Lisbon]]. 

In the wake of the [[European debt crisis|Eurozone debt crisis]] unfolding from 2009, the most enduring reference to the Maastricht Treaty has been to the rules of compliance – [[Euro convergence criteria|the "Maastricht criteria"]] – for the [[currency union]].

{{Politics of the European Union}}Against the background of the [[Cold War (1985–1991)|end of the Cold War]] and the [[German reunification|re-unification of Germany]], and in anticipation of accelerated [[Globalization|globalisation]], the treaty negotiated tensions between member states seeking deeper integration and those wishing to retain greater national control. The resulting compromise faced what was to be the first in a series of EU treaty ratification crises.

==Overview==
Having "resolved to continue the process of creating an ever closer union among the people of Europe", the Treaty proposes "further steps to be taken in order to advance European integration"<ref name="TEU pp.3–4">TEU pp.3–4</ref> under seven titles.

Title I, Common Provisions, establishes the European Union (EU) on the foundation of the three, already partially merged, European Communities: the [[European Economic Community]] (EEC), the [[European Coal and Steel Community]] (ECSC) and the [[Euratom|European Atomic Energy Community]] (Euratom). It confirms among its objectives are "the introduction of a citizenship of the Union" common to the nationals of the Member States; "economic and monetary union, ultimately including a single currency"; and "a common foreign and security policy including the eventual framing of a common defence".<ref name="TEU pp.3–4"/>

Title II, Provisions Amending the Treaty Establishing the European Economic Community, reformulates the EEC as the central "pillar" of the Union. It amends the EEC's [[Treaty of Rome]] constitution, renaming it the [[European Economic Community|European Community]] to reflect the Union's broader ambition. Amendments incorporate (as detailed in attached protocols) a staged progression toward monetary union including the price-stability-first criteria for adoption of the single currency and for the operations of the prospective European Central Bank (ECB).

Other amendments create the office of [[European Ombudsman]], expand the [[European Structural and Investment Funds|Structural Fund]] assistance to the poorer EU regions; and broaden Community competencies in education, culture, public health, consumer protection, trans-European networks, industry and the environment.

In these and other areas which do not fall within Community's "exclusive competence", in accordance with "the principle of [[Subsidiarity (European Union)|subsidiarity]]" action is to be taken only if, "by reason of the scale or effects", the objectives cannot be more "efficiently" achieved by the Member States themselves.<ref>TEU pp. 13–14</ref>

In several of these areas, the Treaty seeks to enhance the "democratic functioning" of the institutions by conceding the directly elected [[European Parliament]] rights not only of consultation but also of co-decision on some categories of European legislation. It also grants the Parliament the power to confirm (and therefore to veto) the Council's nominations for the [[European Commission]], the Community's executive.

Titles III and IV amend the treaties establishing the ECSC and Euratom to complete their absorption into the structure of European Community.

Title V and VI extend existing intergovernmental consultations on foreign-policy, security and defence matters, and on "cooperation in the fields of justice and home affairs". In both cases, Member States are to "inform and consult one another within the [[Council of the European Union|Council [of Ministers]]]",<ref>TEU pp. 124, 134</ref> but otherwise cooperate independently of Community institutions.

Title VII, Final Provisions, covers a number of anomalous issues. Provided that all Member States ratify, it rules that the Treaty should come into force on 1 January 1993.

Articles within the Treaty were referred to by using the letters A to S.<ref name="TEU" />

Annexed to the Treaty is a Protocol, and an Agreement, on Social Policy. With a view to ensuring that the dynamic of the [[European single market]] respect certain minimum social and employment protections, these allow the Council of Ministers to approve relevant proposals from the European Commission on the basis of a qualified majority rather than unanimous consent.

The United Kingdom was not a party of the Agreement on Social Policy and secured an "opt out" from the protocol.<ref>Lourie, Julia (2004), "Employment Law and the Social Chapter", in ''Britain and the European Union'', Philip Giddings and Alan Drewry eds., Palgrave Macmillan, pp. 121–144. ISBN  978-0-230-52315-9</ref> It was to do the same with respect to the ''obligation'' to enter the final, single-currency, stage of monetary union (the UK would not have to give up the [[pound sterling]]).<ref>{{Cite web |title=United Kingdom: EMU opt-out clause. EUR-Lex – l25060 – EN – EUR-Lex |url=https://eur-lex.europa.eu/EN/legal-content/summary/united-kingdom-emu-opt-out-clause.html |access-date=11 June 2023 |website=eur-lex.europa.eu |language=en}}</ref><ref>{{Cite web |date=7 May 2015 |title=Europe 'à la carte': The whats and whys behind UK opt-outs |url=https://www.euractiv.com/section/uk-europe/linksdossier/europe-a-la-carte-the-whats-and-whys-behind-uk-opt-outs/ |access-date=11 June 2023 |website=www.euractiv.com |language=en-GB}}</ref>

==Procedural history==
===Signatories===

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|}[[File:Stone memorial in front of the entry to the Limburg Province government building in Maastricht, Netherlands, commemorating the signing of the Maastricht Treaty in February 1992.jpg|thumb|upright|Stone memorial in front of the entry to the Limburg Province government building in Maastricht, Netherlands, commemorating the signing of the Maastricht Treaty]]

The signatory nations were represented by:

* [[Mark Eyskens]] and [[Philippe Maystadt]] (Belgium)
* [[Uffe Ellemann-Jensen]] and [[Anders Fogh Rasmussen]] (Denmark)
* [[Roland Dumas]] and [[Pierre Bérégovoy]] (France)
* [[Antonis Samaras]] and [[Efthymios Christodoulou]] (Greece)
* [[Gerry Collins (politician)|Gerry Collins]] and [[Bertie Ahern]] (Ireland)
* [[Gianni De Michelis]] and [[Guido Carli]] (Italy)
* [[Jacques Poos]] and [[Jean-Claude Juncker]] (Luxembourg)
* [[Hans van den Broek]] and [[Wim Kok]] (Netherlands)
* [[João de Deus Pinheiro]] and [[Jorge Braga de Macedo]] (Portugal)
* [[Francisco Fernández Ordóñez]] and [[Carlos Solchaga]] (Spain)
* [[Douglas Hurd]] and [[Francis Maude]] (United Kingdom)
* [[Hans-Dietrich Genscher]] and [[Theo Waigel]] (Germany)

In consequence of the Dutch [[Presidency of the Council of the European Union|Presidency of the Council of the European Communities]] during the previous six months of negotiation, the Treaty was signed in the [[Netherlands]], in the city of [[Maastricht]]. The twelve members of the European Communities signing the Treaty on 7 February 1992 were Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Portugal, Spain, the Netherlands and the United Kingdom.

===Ratification===
[[File:Treaty of Maastricht Ratification Map.svg|thumb|right|200px|Ratification of the treaty was completed by the twelve members of the EC by mid-1993 and came into legal force on 1 November 1993.]] 
The Treaty noted that it should be "ratified by the High Contracting Parties in accordance with their respective constitutional requirement".<ref>TEU p. 139</ref> In the cases of Denmark, France and Ireland this required referendums.<ref>Parsons, Craig (2006). [https://books.google.com/books?id=jAIuJyglmk8C&pg=PA202 ''A Certain Idea of Europe'']. Cornell University Press. p.202. {{ISBN|978-0-8014-4086-1}}</ref>

In the [[1992 Danish Maastricht Treaty referendum|first Danish referendum]], on 2 June 1992, the treaty was rejected by a margin of 50.7% to 49.3%.<ref>{{cite news |url=https://www.latimes.com/archives/la-xpm-1992-06-04-mn-1350-story.html |title=EC Leaders at Sea Over Danish Rejection: Europe: Vote against Maastricht Treaty blocks the march to unity. Expansion plans may also be in jeopardy. |newspaper=[[Los Angeles Times]] |access-date=7 December 2011 |first=Joel |last=Havemann |date=4 June 1992}}</ref> Concessions secured by the end of year in [[Edinburgh Agreement (1992)|Edinburgh]] including, critically, the same exemption secured by Britain from the single currency (Denmark would not have to give up the [[Danish krone|krone]]), allowed for a [[1993 Danish Maastricht Treaty referendum|second referendum]]. On 18 May 1993, the Maastricht Treaty was endorsed by a vote of 56.7%.<ref name="bbc">{{cite news|url=https://news.bbc.co.uk/2/hi/in_depth/europe/euro-glossary/1216944.stm |title=In Depth: Maastricht Treaty |publisher=[[BBC News]] |date=30 April 2001 |access-date=4 May 2013}}</ref>

In Ireland, the [[Eleventh Amendment of the Constitution of Ireland|Eleventh Amendment of the Constitution]], allowing the state to ratify the Treaty, was approved in a referendum held on 18 June 1992 with the support of 69.1% of votes cast.

In September 1992, a [[1992 French Maastricht Treaty referendum|referendum in France]] narrowly supported the ratification of the treaty, with 50.8% in favour. This narrow vote for ratification in France, known at the time as the '{{lang|fr|italics=no|petit oui}}', led [[Jacques Delors]] to comment that "Europe began as an elitist project in which it was believed that all that was required was to convince the decision-makers. That phase of benign despotism is over."<ref>Anell, Lars (2014). [http://www.forumeudebatt.se/content/uploads/2014/05/Rapport-7-Anell-slutversion.pdf ''Democracy in Europe – An essay on the real democratic problem in the European Union'']. p.23. [http://www.forumeudebatt.se/ Forum för EU-Debatt].</ref>

In the United Kingdom parliament ratification did not command a clear majority. In protest against the social-policy opt out, [[Labour Party (UK)|Labour]] opposed, while "anti-federalists" split the governing [[Conservative Party (UK)|Conservatives]]. Prime Minister [[John Major]] was able to face down his "[[Maastricht Rebels]]" only by tying ratification to the survival of the government in a vote of confidence.<ref>{{cite news |author=Goodwin, Stephen |url=https://www.independent.co.uk/news/uk/politics/the-maastricht-debate-major-driven-to-confidence-factor-commons-exchanges-treaty-issue-cannot-fester-any-longer-1486498.html |title=The Maastricht Debate: Major 'driven to confidence factor': Commons Exchanges: Treaty issue 'cannot fester any longer' |newspaper=[[The Independent]] |location=London |date=23 July 1993 |access-date=4 May 2013}}</ref> (Researchers and observers suggest that, in the United Kingdom, the Maastricht Treaty represented "a critical turning point" in terms of divisions within the Conservative Party over European integration and the ruling party's ultimate fragmentation in 2016 into [[Leave Campaign|Leave]] and [[Britain Stronger in Europe|Remain]] factions).<ref>{{Cite journal |last=Heppell |first=Timothy |date=1 October 2021 |title=From Maastricht to Brexit : Mapping the European Divide within the Parliamentary Conservative Party from Major to Johnson |url=https://journals.openedition.org/osb/5418 |journal=Observatoire de la société britannique |language=en |issue=27 |pages=171–194 |doi=10.4000/osb.5418 |s2cid=247417281 |issn=1775-4135|url-access=subscription }}</ref>

In Germany, the Maastricht Treaty passed the [[Bundestag]] on December 2, 1992, with a majority of 543 out of 562, and the [[German Bundesrat|Bundesrat]] with unanimity.<ref>{{Cite web |title=Hard-won ratification - Historical events in the European integration process (1945–2009) - CVCE Website |url=https://www.cvce.eu/en/education/unit-content/-/unit/02bb76df-d066-4c08-a58a-d4686a3e68ff/575bee62-ba08-401f-b3b2-cda7cb0f2b6b |access-date=2024-05-07 |website=www.cvce.eu}}</ref> The Bundestag was required to amend the [[Basic Law for the Federal Republic of Germany|Grundgesetz]] (German Basic Law) to “legalize Germany’s membership in the European Union (Article 23) as well as to install a European Monetary Union (Article 88).”<ref name=":0">{{Cite journal |last=Wieland |first=Joachim |date=1994 |title=Germany in the European Union - The Maastricht Decision of the Bundesverfassungsgericht |url=https://academic.oup.com/ejil/article/5/2/259/501213 |journal=European Journal of International Law |volume=5 |issue=2 |pages=259–266 |doi=10.1093/oxfordjournals.ejil.a035870|url-access=subscription }}</ref> The ratification was delayed by challenges at the German [[Federal Constitutional Court]], the complainants claiming the amendments transferring sovereign competencies to the European Union violated democratic principles (Article 20 and 38(1)) of the Grundgesetz that were unamendable (Article 79(3)); hence the Maastricht Treaty should be inadmissible.<ref name=":1">{{Cite journal |last=Wiegandt |first=Manfred |date=1995-01-01 |title=Germany's International Integration: The Rulings of the German Federal Constitutional Court on the Maastricht Treaty and the Out-of-Area Deployment of German Troops |url=https://digitalcommons.wcl.american.edu/auilr/vol10/iss2/11 |journal=American University International Law Review |volume=10 |issue=2}}</ref> The court delivered its judgment on October 12, 1993 ruling the Maastricht Treaty compatible with the Grundgesetz, but provided that the European Union could not endow itself with more powers without the Bundestag’s approval.<ref name=":0" /> The court also confirmed its Solange II decision accepting the supremacy of [[European Court of Justice]] decisions while retaining the power to review secondary community law as to guarantee basic rights protection in close cooperation with the European Court of Justice.<ref name=":1" /> Germany was the last member state to ratify the treaty and it entered into force on November 1, 1993.

==Citizenship of the European Union==
From the establishment of the European Economic Community in 1957, integrationists argued the free movement of workers was the logical corollary of the free movement of capital, goods and services and integral to the establishment of a common (and later single) European market. In time, the tension between the transferred worker as "a mobile unit of production" contributing to the success of the single market, and the reality of the Community migrants as individuals, seeking to exercise "a personal right" to live and work in another state for their own, and their families', welfare, asserted itself.<ref>See [[P Craig]] and G de Burca, ''European Union Law'' (2003) 701,</ref> The Treaty built on the growing suggestion that there was a Community-wide basis for citizenship rights.

The Treaty rules that "every person holding the nationality of a Member State shall be a citizen of the Union".<ref>TEU p. 15</ref> This common and parallel citizenship accords the Member State migrants not only the civil right to take up residence and employment, but also, and for the first time, political rights. In a new EU country of residence Member-State nationals have the right to vote, and to stand, in both local and European elections. Unresolved in the Treaty is the question of their access to social rights. Political debate continued as to who should have access to public services and welfare systems funded by taxation.<ref>[[JHH Weiler]], 'The European Union belongs to its citizens: Three immodest proposals' (1997) [http://cw.routledge.com/textbooks/9780415458511/parts/part-2/students/articles/weiler-article.rtf 22 European Law Review 150]</ref>

==Economic and monetary union==

===Franco-German agreement===
French President [[François Mitterrand]] was forced to abandon the centrepiece of his [[Socialist Party (France)|Socialist]] programme in 1983, a job creating [[reflation]],<ref>{{cite journal |last=Lombard |first=Marc |date=April 1995 |title=A re-examination of the reasons for the failure of Keynesian expansionary policies in France, 1981–1983 |journal=Cambridge Journal of Economics |volume=19 |issue=2 |pages=359–372 |doi=10.1093/oxfordjournals.cje.a035318}}</ref> due to speculation against the [[French franc|franc]]. Since then, Mitterrand had been committed to drawing Germany into a currency partnership. After the [[fall of the Berlin Wall]] in late 1989, Germany sought re-unification. France, the UK, and the rest of Europe [[German Reunification#Foreign support and opposition|expressed their concerns]] over re-unification. When [[Chancellor of Germany|German Chancellor]] [[Helmut Kohl]] asked for re-unification in 1990, Mitterrand would only accept in the event Germany would abandon the [[Deutsche Mark]] and adopt a common currency.<ref>{{cite web |url=http://www.spiegel.de/politik/ausland/0,1518,719608,00.html |title=Mitterrand forderte Euro als Gegenleistung für die Einheit |trans-title=Mitterrand demanded Euro in exchange for unity |language=German |author=<!--not stated--> |date=25 August 2010 |website=spiegel.de |publisher=[[Der Spiegel]]}};{{cite web |author=<!--not stated--> |date=27 April 1998 |title=Dunkelste Stunden – Der Kanzler öffnet die Akten über die deutsche Einheit. Die Dokumente zeigen: Frankreich hat das schnelle Ende der Mark erzwungen. |trans-title=Darkest Hours – The Chancellor opens the files on German unity. The documents show: France forced the quick end of the Mark |language=German |publisher=[[Der Spiegel]] |volume=18/1998, 'Abschied von der Mark' |at=Article 3 |url=http://www.spiegel.de/spiegel/print/d-7870401.html}}</ref> Without consulting [[Karl Otto Pöhl]], President of the [[Bundesbank]], Kohl accepted the deal.<ref>{{cite web |author=Klaus Wirtgen |date=2 March 1998 |title=Weg ohne Wiederkehr |trans-title=Way of no return |language=German |publisher=[[Der Spiegel]] |volume=10/1998, 'Der göttliche Funke' |at=Article 20 |url=http://www.spiegel.de/spiegel/print/d-7833746.html}};{{cite web |url=http://www.spiegel.de/international/europe/euro-struggles-can-be-traced-to-origins-of-common-currency-a-831842.html |last1=Böll |first1=Sven |last2=Reiermann |first2=Christian |last3=Sauga |first3=Michael |last4=Wiegrefe |first4=Klaus |date=8 May 2012 |title=Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects |website=spiegel.de |publisher=[[Der Spiegel]]}}</ref> Despite this win for France, it was widely perceived that the cost of German cooperation was German dictation of the rules for a single currency.<ref>{{cite journal |last=Sutton |first=Michael |date=January 1993 |title=France and the Maastricht Design |url=https://www.jstor.org/stable/40396436 |journal=The World Today |volume=49 |issue=1 |pages=4–8 |jstor=40396436 |access-date=29 September 2020}}</ref> The Bundesbank had signalled that Germany's economic success would come before being "a good european".<ref name="Abbey and Bromfield">{{cite journal |last1=Abbey |first1=Michael |last2=Bromfield |first2=Nicholas |date=1994 |title=A Practitioner's Guide to the Maastricht Treaty |url=https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1557&context=mjil |journal=Michigan Journal of International Law |volume=15 |issue=4 |pages=1335 |access-date=21 September 2020}}</ref>

===The ERM crises===
In the UK, the Maastricht rebellion drew on the experience of [[Black Wednesday]]. On 16 September 1992 the [[Government of the United Kingdom|British government]] had been forced to withdraw the [[pound sterling]] from the [[European Exchange Rate Mechanism]] (ERM). This was the centrepiece of the [[European Monetary System]] (EMS), agreed in 1978 as a means of reducing the "barrier" that exchange-rate volatility presented for intra-Community commerce (and for the management of payments under the [[Common Agricultural Policy]]).<ref>{{Cite book |last=Loureiro |first=Joao |url=https://books.google.com/books?id=u-_nCAAAQBAJ |title=Monetary Policy in the European Monetary System: A Critical Appraisal |date=2012-12-06 |publisher=Springer Science & Business Media |isbn=978-3-642-80100-6 |pages=2 |language=en}}</ref> 

Britain had signed up to the ERM in 1990 as a token of the government's commitment to control inflation (then running at three times the rate of Germany).<ref>[https://libcom.org/library/britain-european-exchange-rate-mechanism 1990–1992: Britain and the politics of the European exchange rate mechanism]. Libcom (13 January 2006). Retrieved 27 September 2020.</ref> From the beginning of 1990, high German interest rates, set by the [[Bundesbank]] to counteract inflationary impact of the expenditure on [[German reunification]], caused significant stress across the whole of the ERM. By the time of their own ratifications debates, France and Denmark also found themselves under pressure in foreign exchange markets, their currencies trading close to the bottom of their ERM bands.<ref>Aykens, Peter. [https://www.jstor.org/stable/20097797?seq=1#page_scan_tab_contents Conflicting Authorities: States, Currency Markets and the ERM Crisis of 1992–93]. ''Review of International Studies'', Vol. 28, No. 2 (Apr. 2002), pp. 359–380. Retrieved 21 October 2019.</ref> In Britain, the government of [[John Major]] failed in a costly attempt to keep the pound above its mandated [[exchange rate]] limit. While a political humiliation, [[Pound sterling|sterling]]'s exit from the ERM was followed in the UK by economic recovery and a significant fall in employment.<ref>{{cite news |last=Davis |first=Evan |author-link=Evan Davis |date=15 September 2002 |title=Lessons learned on 'Black Wednesday' |url=https://news.bbc.co.uk/1/hi/business/2259648.stm |access-date=31 May 2023 |publisher=BBC News}}</ref> 

===The Maastricht criteria===
Having "resolved to achieve the strengthening and the convergence and to establish an economic and monetary union including,... a single and stable currency",<ref>TUE p. 3</ref> the Treaty ruled that "Member States shall regard their economic policies as a matter of common concern", and that the obligations assumed should be a matter for "mutual surveillance".<ref>TUE p. 25</ref> Commonly known as the Maastricht criteria,<ref>{{cite web |title=The IMF & the European Economic and Monetary Union – Factsheet |url=https://www.imf.org/external/np/exr/facts/emu.htm |access-date=16 July 2020 |website=www.imf.org}}</ref><ref>{{cite web |title=The Maastricht convergence criteria |url=https://www.nbb.be/en/monetary-policy/general-framework/institutional-framework-monetary-policy/maastricht-convergence|access-date=16 July 2020 |website=www.nbb.be}}</ref> these obligations represented the performance thresholds for member states to progress toward the third stage of European [[Economic and Monetary Union of the European Union|Economic and Monetary Union]] (EMU), the adoption the common currency (designated at the 1995 [[Madrid]] European Council as the [[Euro]]).<ref>{{cite web|url=http://www.europarl.europa.eu/summits/mad1_en.htm |title=Madrid European Council (12/95): Conclusions |publisher=European Parliament |access-date=28 September 2020}}</ref>

The four "convergence criteria", as detailed in attached protocols,<ref>TEU 183–186</ref><ref>{{cite web |last1=EUR-Lex |title=Document 12008E121 |url=https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A12008E121 |website=eur-lex.europa.eu |publisher=Publications Office of the European Union |access-date=21 September 2020}}</ref> impose control over inflation, public debt and the public deficit, exchange rate stability and domestic interest rates. With limited leeway granted in exceptional circumstances, the obligations are to maintain:

1. '''inflation''' at a rate no more than 1.5 percentage points higher than the average of the three best performing (lowest inflation) Member States;

2. a "budgetary position" that avoids "excessive" [[Government budget balance|'''government deficits''']] defined in ratios to gross domestic product (GDP) of greater than 3% for [[Government budget deficit|annual deficits]] and 60% for gross [[government debt]];

3. the '''[[exchange rate]]''' of the national currency within "the normal fluctuation margins by the [[European Exchange Rate Mechanism|exchange-rate mechanism]] of the [[European Monetary System]] without severe tensions for at least the last two years"; and

4. nominal long-term '''interest rates''' no more than 2 percentage points higher than in the three Member States with the lowest inflation.

===The European Central Bank mandate===
These criteria in turn dictated the mandate of the [[European System of Central Banks]] comprising the national central banks, but to include the prospective currency-issuing [[European Central Bank]]. As envisaged by the Treaty,<ref>TEU p. 190</ref> the ECB replaced its shadow [[European Monetary Institute]] on 1 June 1998, and began exercising its full powers with the introduction of the euro on 1 January 1999.<ref name="ECB-2020">{{cite web|url=http://www.ecb.int/ecb/history/emu/html/index.en.html |title=ECB: Economic and Monetary Union|date=10 July 2020|publisher=ECB |access-date=28 September 2020}}</ref>

The Treaty dedicates the EU central banking system to price stability, and gives it "a degree of independence from elected officials" greater even "than that of its putative model, the German [[Bundesbank]]".<ref name="McDowell">{{cite journal |last1=McDowell |first1=Manfred |title=European Labour in a Single Market: '1992' and the Implications of Maastricht |journal=History of European Ideas |date=1994 |volume=19 |issue=1–3 |pages=453–459, 455–456 |doi=10.1016/0191-6599(94)90247-X |url=https://www.sciencedirect.com/science/article/abs/pii/019165999490247X#! |access-date=13 September 2020|url-access=subscription }}</ref>  Whereas the Bundesbank, under article 12 of its constitution, is "bound to support the general economic policy of the [German] Federal Government", the obligation of the ECB to "support the general economic policies in the Community" is to be "without prejudice" to price stability, the Bank's "primary objective". It is further conditioned by the express understanding that "neither the ECB, nor a national central bank, nor any member of their decision-making bodies, shall seek or take instructions from Community institutions or bodies from any Government of a Member State or from any other body."<ref>TEU, pp. 29, 31</ref>

Seeming to further preclude any possibility of the single-currency banking system being used to regulate European financial markets in support of potentially inflationary policies, the Treaty expressly prohibits the ECB or any Member State central extending "overdraft facilities or any other type of credit facility" to "Community institutions or bodies, central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of Member States", or the purchase from them debt instruments.<ref>TEU, p. 26</ref>

===The Maastricht economic-policy model===
Critics felt that, in limiting the role of the future ECB and euro in national, or Union-coordinated, reflationary policies, Maastricht affirmed what by the late 1980s was the general economic-policy orthodoxy within the Community. This has been described as a "reversed [[Keynesian economics|Keynesianism]]": macro-economic policy not to secure a full-employment level of demand, but, through the restrictive control of monetary growth and public expenditure, to maintain price and financial market stability; micro economic policy, not to engineer income and price controls in support of fiscal expansion, but to encourage job creation by reducing barriers to lower labour costs.<ref name="McDowell" /> The commitment to monetary union and the convergence criteria denied member states the resort to currency deflation to ease balance-of-payments constraints on domestic spending, and left labour market "flexibility" as the main mean of coping with asymmetric economic shocks.<ref>{{cite book |last1=Tsoukalis |first1=Loukas |title=Tsoukalis, L (19The New European Economy Revisited: the Politics and Economics of Integration. |date=1997 |publisher=Oxford University Press |location=Oxford |isbn=978-0-19-877477-8 |page=15}}</ref>

These constraints were to become the focus of political scrutiny and public protest in the new-century [[European debt crisis]]. Beginning in 2009 with [[Greece]], the governments of several [[Eurozone|Euro-zone]] countries (Portugal, Ireland, Spain and [[Cyprus]]) declared themselves unable to repay or refinance their [[government debt]] or to bail out over-indebted banks without assistance from third parties. The "[[austerity]]" they had subsequently to impose as a condition of assistance from Germany and other of their trade-surplus EU partners, raised calls for new arrangements to better manage payment imbalances between member states, and ease the burden of adjustment upon wage-, and benefit-, dependent households. Greek finance minister [[Yanis Varoufakis]] credited the Maastricht criteria with framing of a union of deflation and unemployment.<ref>{{cite book |last1=Varoufakis |first1=Yanis |title=The Weak Suffer What They Must: Europe's Crisis and America's Economic Future |date=2017 |publisher=Avalon Publishing Group |location=New York |isbn=978-1-56858-599-4}}</ref>

Taking issue in defence of the Maastricht criteria, German finance minister Wolfgang Schäuble argued that "the old way to stimulate growth will not work." There is a real "moral hazard" in allowing Member States to accumulate higher debts within the Eurozone – higher debts which, ultimately, have no relationship to higher growth. The Maastricht criteria, he insisted, were correct in placing the onus for growth on "competitiveness, structural reforms, investment, and sustainable financing".<ref>{{cite web |last1=Schäuble |first1=Wolfgang |title=Wolfgang Schäuble: "Europe will only work if the rules are the same for smaller and bigger member states" |url=https://blogs.lse.ac.uk/europpblog/2016/03/07/wolfgang-schauble-europe-will-only-work-if-the-rules-are-the-same-for-smaller-and-bigger-member-states/ |website=blogs.lse.ac.uk |date=7 March 2016 |publisher=London School of Economics (LSE) |access-date=29 September 2020}}</ref>

==Foreign and security policy, justice and home affairs==
Set alongside the European Community, the cooperation proposed in the Maastricht Treaty on foreign and security policy, and on justice and home affairs, were characterised in official commentary as the second and third "pillars" of the Union.<ref>{{cite web |last1=Sokolska |first1=Ina |title=The Maastricht and Amsterdam Treaties. Fact Sheets on the European Union – 2020 |url=https://www.europarl.europa.eu/ftu/pdf/en/FTU_1.1.3.pdf |website=europarl.europa |publisher=European Parliament |access-date=28 September 2020}}</ref> The Treaty, however, proposed no significant departures in these areas. Coordination in foreign and security policy had taken place since the beginning of the 1970s under the name of [[European Political Cooperation]] (EPC), which had been first written into the treaties by the 1987 [[Single European Act]]. Cooperation on law enforcement, [[criminal justice]], asylum, and immigration and other judicial matters was being pursued under the 1990 [[Schengen Agreement]] and Convention.

The new provisions called on governments to "inform and consult one another within the Council of Ministers",<ref>TEU p.124</ref> but otherwise continued cooperation on the basis of intergovernmental liaison outside of the EC and its institutions. The [[West European Union]], an until recently moribund club within [[NATO]], is described as "an integral part of the development of the Union", and asked it to help "elaborate and implement decisions and actions of the Union which have defence implications.<ref>TEU p. 126</ref> Yet it is clear that nothing is to be construed as systematically constraining the foreign or defence policies of the individual Member States. "Failing a Council decision", which would require unanimity, a Member State is free to take such action as it considers "necessary".<ref>TEU p. 125</ref> This, in part, was a concession to United Kingdom which continued to insist on the sufficiency of the [[NATO|North Atlantic alliance]] (supported by the non-aligned Member States, Ireland and [[Austria]], at the 1997 Amsterdam summit, the UK prevented a merger of the WEU and the EU),<ref>{{cite web |last1=Select Committee on Defence |title=The European Security and Defence Identity: NATO and the WEU (19 April 1999) |url=https://publications.parliament.uk/pa/cm199899/cmselect/cmdfence/39/3915.htm |website=parliament.uk |publisher=United Kingdom Parliament |access-date=29 September 2020}}</ref><ref>{{cite news |title=What happens to our neutrality when the chips are down? |url=https://www.irishtimes.com/news/what-happens-to-our-neutrality-when-the-chips-are-down-1.149736 |access-date=29 September 2020 |work=Irish Times |date=29 September 1998}}</ref>

==Subsidiarity and co-decision==
As an implicit presumption [[Subsidiarity (European Union)|subsidiarity]] may have been considered a check upon the supranational development of the EEC. But in making it an explicit constitutional principle the Maastricht Treaty opened up "debates about whether this strengthened the states, regions or local government vis-à-vis the EU or vice versa".<ref name="Christiansen and Duke">{{cite book |last1=Christiansen |first1=Thomas |last2=Duke |first2=Simon |title=The Maastricht Treaty: Second Thoughts after 20 Years |date=2016 |publisher=Routledge |location=London |isbn=978-1-134-90701-4 |pages=6–8 |url=https://books.google.com/books?id=QwcfDAAAQBAJ&q=maastricht+treaty |access-date=29 September 2020}}</ref> Subsidiarity can be read as a federalising principle. For every endeavour it poses the question of whether national or Community policy is the most effective means, and elevates simple utility above any deference to national or local feeling, albeit with a presumption that action will be taken at European level only where national efforts cannot achieve the objective in question.

Sceptics note that the Treaty offers no legally actionable definition of subsidiarity. Rather there are "a series of tentative indications for Community action in a document full of imprecise concepts: 'sufficiently', 'better achieved', 'what is necessary', 'to achieve the objectives', subjective notions which leave the way wide open for interpretation or practical developments."<ref>{{cite book |last1=Steering Committee on Local and Regional Authorities (CDLR) |title=Definition and Limits of the Principle of Subsidiarity |date=1998 |publisher=Council of Europe |page=8|url=https://rm.coe.int/1680747fda}}</ref> Jacques Santer, Prime Minister of Luxembourg, conceded that consensus around the principle of subsidiarity had been possible only because "it conceals different interpretations".<ref>Jacques Santer, Prime Minister of Luxembourg. Introduction to the Jacques Delors Colloquium 1991: "Subsidiarity: the challenge of change" organised by the European Institute of Public Administration at Maastricht, 21 and 22 March 1991, p. 32.</ref>

The 1992 Treaty may have introduced a more consequential constitutional principle in its promotion "co-decision". It introduced procedures that made the [[European Parliament]] "co-legislator with the [[European Council of Ministers|Council of Ministers"]] and have since been developed and extended to nearly all areas where the Council decides on legislation by qualified majority voting. The "foundations of co-decision in the Maastricht Treaty" have led to ways to reconcile differences between the Parliament and the Council, formally through a "conciliation procedure" and informally through "trialogues" involving negotiations between the European Parliament, Council and Commission, which have become standard in most legislative procedures.<ref name="Christiansen and Duke" />

==Amending Treaties==
In establishing the European Union the Maastricht Treaty amended the treaties that had established the European Communities in the 1950s. Following the EU accessions of Austria, Finland, and Sweden, it was in turn amended by the treaties of [[Treaty of Amsterdam|Amsterdam]] (1997), and [[Treaty of Nice|Nice]] (2001). Following the accession of a further twelve states, ten from the former [[Eastern Bloc]] – Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia – plus Cyprus and Malta, and an aborted [[Treaty establishing a Constitution for Europe|Treaty on a European Constitution]], the Treaty on European Union and the Treaty Establishing the European Community (TEC) were more comprehensively revisited. The 2007 [[Treaty of Lisbon]] amends both again and renames the TEC as the [[Treaty on the Functioning of the European Union]] (TFEU).

==Timeline==
{{EU evolution timeline}}

==See also==
{{portal|European Union}}
*[[Treaties of the European Union]]
**[[Treaty on European Union]]
**[[Treaty on the Functioning of the European Union]]

==Notes==
{{reflist}}

==Further reading==
{{refbegin|30em}}
* {{cite journal |last1=Caporaso |first1=James A. |last2=Kim |first2=Min-hyung |title=The Maastricht Treaty at twenty: a Greco-European tragedy? |journal=[[Journal of European Integration]] |volume=34 |issue=7 |pages=769–789 |date=November 2012 |doi=10.1080/07036337.2012.726014 |s2cid=153828926 }}
* Corbett, Richard. 'The Treaty of Maastricht: from conception to ratification' Longman - Cartermill Publishing (1993) ISBN 0-582-20906-4
* {{cite journal |last1=Christiansen |first1=Thomas |last2=Duke |first2=Simon |last3=Kirchner |first3=Emil |title=Understanding and assessing the Maastricht Treaty |journal=Journal of European Integration |volume=34 |issue=7 |pages=685–698 |date=November 2012 |doi=10.1080/07036337.2012.726009 |s2cid=154286579 }}
* {{cite journal |last=Dinan |first=Desmond |title=The arc of institutional reform in post-Maastricht Treaty change |journal=Journal of European Integration |volume=34 |issue=7 |pages=843–858 |date=November 2012 |doi=10.1080/07036337.2012.726018 |s2cid=153536178 }}
* {{cite journal |last=Dyson |first=Kenneth |title='Maastricht plus': managing the logic of inherent imperfections |journal=Journal of European Integration |volume=34 |issue=7 |pages=791–808 |date=November 2012 |doi=10.1080/07036337.2012.726015 |s2cid=153835623 }}
* {{cite journal |last=Kohler-Koch |first=Beate |title=Post-Maastricht civil society and participatory democracy |journal=Journal of European Integration |volume=34 |issue=7 |pages=809–824 |date=November 2012 |doi=10.1080/07036337.2012.726016 |s2cid=143773693 }}
* {{cite journal |last=Monar |first=Jörg |title=Justice and Home Affairs: the treaty of Maastricht as a decisive intergovernmental gate opener |journal=Journal of European Integration |volume=34 |issue=7 |pages=717–734 |date=November 2012 |doi=10.1080/07036337.2012.726011 |s2cid=153323835 }}
* {{cite journal |last=Monar |first=Jörg |title=Twenty years of co-decision since Maastricht: inter- and intrainstitutional implications |journal=Journal of European Integration |volume=34 |issue=7 |pages=735–751 |date=November 2012 |doi=10.1080/07036337.2012.726012 |s2cid=153801821 }}
* {{cite journal |last=Smith |first=Michael |title=Still rooted in Maastricht: EU external relations as a 'third-generation hybrid' |url=https://dspace.lboro.ac.uk/2134/15007 |journal=Journal of European Integration |volume=34 |issue=7 |pages=699–715 |date=November 2012 |doi=10.1080/07036337.2012.726010 |s2cid=62837487 }}
* {{cite journal |last=Weiler |first=J.H.H. |title=In the face of crisis: input legitimacy, output legitimacy and the political Messianism of European integration |journal=Journal of European Integration |volume=34 |issue=7 |pages=825–841 |date=November 2012 |doi=10.1080/07036337.2012.726017 |s2cid=154236452 }}
* {{cite journal |last=Wessels |first=Wolfgang |title=The Maastricht Treaty and the European Council: the history of an institutional evolution |journal=Journal of European Integration |volume=34 |issue=7 |pages=753–767 |date=November 2012 |doi=10.1080/07036337.2012.726013 |s2cid=153401282 }}
* {{cite journal|last=Musaraj|first=Arta|date=January 2023|title=The Maastricht Treaty and the accession of the Western Balkans. Reflections at its 30th anniversary over the coherence in the EU integration processes |url= https://academicus.edu.al/nr27/Academicus-MMXXIII-27-092-102.pdf|journal=Academicus International Scientific Journal |volume=27 |issue=27|page=92-102|doi=10.7336/academicus.2023.27.06|issn=2079-3715 |s2cid=255657570}}
{{refend}}

==External links==
{{Commons category|Maastricht Treaty}}
{{Wikisource|Charter of Fundamental Rights of the European Union}}
*{{Wikisource-inline|Consolidated version of the Treaty on European Union}}
*{{CELEX|12012M/TXT|text=Consolidated version of the Treaty on European Union}} at [[EUR-Lex]]
*{{CELEX|11992M/TXT|format=PDF|text=Treaty on European Union, signed at Maastricht on 7 February 1992}} – Original version
*[https://www.cvce.eu/obj/treaty_on_european_union_maastricht_7_february_1992-en-2c2f2b85-14bb-4488-9ded-13f3cd04de05.html Maastricht Treaty (7 February 1992)] [[Centre virtuel de la connaissance sur l'Europe|CVCE]]
*[https://www.cvce.eu/obj/alternative_treaty_drawn_up_by_france_s_five_partners_20_january_1962-en-c5839dd1-dc1f-44c9-9048-184718705c22.html Proposed 1962 treaty establishing a "European Union"] [[Centre virtuel de la connaissance sur l'Europe|CVCE]]
*[https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:2012:326:SOM:EN:HTML The Treaty on European Union] – Current consolidated versions of the Treaty on European Union and the Treaty on the Functioning of the European Union ([https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2012:326:FULL:EN:PDF in PDF])

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