Measures to consolidate fiscal balances as well as underlying economic scenarios are highlighted in these programmes .

UCITS undertaking the sole object of which is the collective investment in transferable securities of capital raised from the public and the units of which are , at the request of the holders , repurchased or redeemed out of the undertaking 's assets .

Consistent with the Maastricht Treaty definition .

The Maastricht Treaty granted the ECB full political independence .

2 ) Consistent with the Maastricht Treaty definition .

3 ) Consistent with the Maastricht Treaty definition .

The Treaty on European Union ( Maastricht Treaty ) provides for specific cooperation mechanisms in this respect .

Amended Treaty on European Union ( Treaty of Amsterdam ) enters into force . Treaty on European Union ( Maastricht Treaty ) enters into force .

These criteria are laid down in the Maastricht Treaty and specified further in a Protocol annexed to it .

First, they claim that it breaches the Maastricht Treaty s no bail out clause (Article 125).

I remember my surprise when, as a young assistant professor, I realized that I was opposed to the Maastricht Treaty.

Press conference following the external Governing Council meeting in Maastricht on 7 February 2002 to mark the tenth anniversary of the signing of the Maastricht Treaty .

The Treaty of Lisbon , which is an amending rather than a constitutional treaty , entered into force on 1 December 2009 . It amends the Treaty on the European Union ( Maastricht ) and the Treaty Establishing the European Community ( Rome ) .

The Maastricht Treaty enters into force on 1 November after being ratified by all 12 Member States .

The result was the 1991 Maastricht Treaty the point when European integration went into overdrive.

All treaties and commitments including, crucially, the Maastricht Treaty s no bailout clause must be respected without exception.

Indeed , some rules are contained in the Maastricht Treaty and the Stability and Growth Pact .

This milestone had its origins in the Maastricht Treaty of 1992 , which set out the institutional framework of the ESCB .

By ratifying the Maastricht Treaty , the Member States of the European Union ( EU ) have engaged themselves further in the process of European integration

assessed on the basis of several criteria in the Maastricht Treaty , which require a countr y to have a high degree of price stability sound public finances a stable exchange rate low and stable long term interest rates .

One such rule is the Maastricht Treaty s cap on member states public debt at 60 of GDP.

Aspects of representativeness and delegation of authority have been central to the debates conducted in the wake of the entry into force of the Treaty on European Union ( Maastricht Treaty ).

When the Maastricht Treaty was signed in 1992 , it was decided that the ECB would be located in Frankfurt am Main .

The Court relied on the same constitutional doctrines and conceptions of sovereignty elaborated in its Maastricht judgment.

In 1993, when ruling on the ratification of the Maastricht Treaty, the judges expressed clear reservations about the direction of the European integration process.

The objective is that of making public debt fall below the 60 criterion fixed by the treaty of Maastricht by 2020 2021.

Central bankers in Europe have always resented the narrow monetary policy mandate given to the ECB under the Maastricht Treaty.

The Treaty on European Union was signed in Maastricht on 7th February 1992 and entered into force on 1st November 1993 .

2.4 CONCLUSIONS The institutional setting introduced by the Maastricht Treaty is unique . It combines a centralised monetary policy with decentralised fiscal and structural policies .

MUNICH In blatant violation of the Maastricht Treaty, the European Commission has come forward with one bailout plan after another for Europe s distressed economies.

The negotiations resulted in the Treaty on European Union which was agreed in December 1991 and signed in Maastricht on 7 February 1992 .

As we saw earlier , the aims set out in Article 2 of the Maastricht Treaty also include social safeguards .

By contrast, the Maastricht Treaty tasked the ECB with maintaining price stability, but left it free to provide its own operational definition.

The current EU fiscal framework is based on a set of rules contained in the Maastricht Treaty and the Stability and Growth Pact .

Data relating to the Maastricht Treaty convergence criteria ( excluding the exchange rate criterion ) are shown in Table 5 .

The report led to negotiations that resulted in the Treaty on European Union , signed in Maastricht on 7 February 1992 .

The Maastricht Treaty is signed . It introduces new forms of cooperation between Member States governments for example on defence and the areas of justice and home affairs .

3 MONETARY POLICY The Maastricht Treaty assigns responsibility for the single monetary policy to the ECB and entrusts it with a primary objective , the maintenance of price stability .

As I have already mentioned , the Maastricht Treaty assigns to the Eurosystem responsibility for maintaining price stability . However , it does not give an indication on how price stability is to be interpreted .

After just two days of negotiations, the Maastricht Treaty s no bailout clause, which Germany once had made a condition for giving up the Deutsche Mark, was defunct.

On the other hand , the Maastricht Treaty of 1992 specified a number of convergence criteria that Member States needed to meet before entering into monetary union .

From the signing of the Maastricht Treaty in 1992 to the tenth anniversary of the euro in 2009, the expected momentum for creating a common European polity was nowhere in sight.

2.1 INSTITUTIONAL SETTING The institutional setting for Economic and Monetary Union ( EMU ) introduced by the Maastricht Treaty specifies a clear division of responsibilities between the Community level and the national level .

The Stability and Growth Pact, contained in the Maastricht Treaty, laid down strict rules of budgetary discipline, which were immediately violated and not by small countries, but by both France and Germany.

This was the final step in a process which was started formally in 1991 and led to the signing of the Maastricht Treaty in 1992 .