12 Facts About Maastricht Treaty

1.

Title II, Provisions Amending the Maastricht Treaty Establishing the European Economic Community, reformulates the EEC as the central "pillar" of the Union.

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2.

In several of these areas, the Maastricht Treaty seeks to enhance the "democratic functioning" of the institutions by conceding the directly elected European Parliament rights not only of consultation but of co-decision.

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3.

In consequence of the Dutch 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.

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4.

Maastricht Treaty noted that it should be "ratified by the High Contracting Parties in accordance with their respective constitutional requirement".

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5.

In Ireland, the Eleventh Amendment of the Constitution, allowing the state to ratify the Maastricht Treaty, was approved in a referendum held on 18 June 1992 with the support of 69.

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6.

The Maastricht Treaty built on the growing suggestion that there was a Community-wide basis for citizenship rights.

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7.

In Britain the Maastricht Treaty rebellion drew on the experience of Black Wednesday.

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8.

Maastricht 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".

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9.

In ruling out any role for the future ECB and euro in national, or Union-coordinated, reflationary policies Maastricht Treaty affirmed what by the late 1980s was the general economic-policy orthodoxy within the Community.

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10.

Sceptics note that the Maastricht Treaty offers no legally actionable definition of subsidiarity.

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11.

The "foundations of co-decision in the Maastricht Treaty" have led to the "trialogues" involving the European Parliament, Council and Commission, which have become standard legislative practice.

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12.

In establishing the European Union the Maastricht Treaty amended the treaties that had established the European Communities in the 1950s.

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