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    Maastricht Treaty provisions

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    I need help understanding the following:

    What were the main provisions of the Maastricht Treaty of 1991?

    How and why did Europe set up its single currency?

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    https://brainmass.com/economics/european-union/international-finance-history-european-union-379214

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    The Maastricht Treaty of 1991 (also called the Treaty of European Union) established the European Union (EU) and set the groundwork for the European Monetary Union (EMU). The EU's main tenets involved establishing the "three pillars" of the EU: Common Foreign and Security Policy (CFSP), and police and judicial cooperation in criminal matters (JHA), and the European Community (EC). In essence, member countries would agree to cede power in certain areas to a central government which could more efficiently manage those areas.

    The Maastricht Treaty established the EU as a ...

    Solution Summary

    Transition to the Euro; the Maastricht Treaty and the establishment of the European Union

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