Overview Edit

The Maastricht Treaty (formally, the Treaty of Maastricht on European Union or TEU) was signed on February 7, 1992 in Maastricht, the Netherlands after final negotiations on December 9, 1991 between the members of the European Community and entered into force on November 1, 1993 during the Delors Commission.

It created the European Union and led to the creation of the euro. The Maastricht Treaty includes sections on political union and on economic and monetary union, as well as a redefinition of the role of legislative and executive bodies. It establishes the principle of subsidiarity, by which any action by the Union shall not go beyond what is necessary to achieve the objectives of the treaty.

The Maastricht Treaty has been amended to a degree by later treaties.

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