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).
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 Maastricht Treaty was a powerful stimulus for European Union countries to consolidate their budgets.
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.
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.
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.
This was the day the referendum was held on the Edinburgh Agreement and the Maastricht Treaty in Denmark.
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).
Public sector finances QMI Methodology | Last revised 6 December 2021Quality and Methodology Information for the UK public sector finances and government deficit and debt under the Maastricht Treaty, detailing the strengths and limitations of the data, methods used, and data uses and users.
As a remedy against this problem, the frame- work of the Maastricht Treaty included two main provisions which strongly relate to the policies studied in this paper: (i) fiscal rules in the form of the Stability and Growth Pact (limiting annual budget deficits to 3% and national debt to 60% of GDP), and (ii) a no- bailout clause (Art.