Library / Economics & Business

The Treaty of the European Union, Maastricht Treaty, 7th February, 1992
- Pages
- about 220
- Category
- Economics & Business
- Language
- English
- Reading time
- 4 h at 250 wpm
From the opening
ARTICLE A
By this Treaty, the High Contracting Parties establish among
themselves a European Union, hereinafter called "the Union".
This Treaty marks a new stage in the process of creating an ever
closer union among the peoples of Europe, in which decisions are
taken as closely as possible to the citizen.
The Union shall be founded on the European Communities,
supplemented by the policies and forms of cooperation established by
this Treaty. Its task shall be to organize, in a manner demonstrating
consistency and solidarity, relations between the Member States and
between their peoples.
ARTICLE B
The Union shall set itself the following objectives:
- to promote economic and social progress which is balanced and
sustainable, in particular through the creation of an area without
internal frontiers, through the strengthening of economic and social
cohesion and through the establishment of economic and monetary
union, ultimately including a single currency in accordance with the
provisions of this Treaty;
- to assert its identity on the international scene, in particular through
the implementation of a common foreign and security policy including
the eventual framing of a common defence policy, which might in time
lead to a common defence;
- to strengthen the protection of the rights and interests of the
nationals of its Member States through the introduction of a citizenship
of the Union;
- to develop close cooperation on justice and home affairs;
- to maintain in full the "acquis communautaire" and build on it with a
view to considering, through the procedure referred to in Article N(2), to
what extent the policies and forms of cooperation introduced by this
Treaty may need to be revised with the aim of ensuring the
effectiveness of the mechanisms and the institutions of the
Community.
The objectives of the Union shall be achieved as provided in this
Treaty and in accordance with the condition and the timetable set out
therein while respecting the principle of subsidiarity as defined in
Article 3b of the Treaty establishing the European Community.
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