Maastricht Treaty Signed Creating European Union Framework
After decades of economic cooperation through the European Community, member states sought deeper political and monetary integration following the Cold War's end. Negotiations addressed common foreign policy, citizenship, and a single currency. On February 7, 1992, foreign and finance ministers from twelve nations signed the Maastricht Treaty in the Netherlands. The accord established criteria for economic and monetary union and introduced the concept of European citizenship. Ratification followed amid debates in several countries. The treaty transformed the Community into the European Union, setting the stage for the euro and expanded membership.
