Maastricht Treaty (redirected from Maastrict Treaty)

Maastricht Treaty

 officially Treaty on European Union

Agreement that established the European Union (EU) as successor to the European Community. It bestowed EU citizenship on every national of its member states, provided for the introduction of a central banking system and a common currency (see euro), and committed the member states to work toward a common foreign and security policy. Signed in 1992, it was ratified and took effect in 1993. See also European Court of Justice, European Parliament, Treaties of Rome.