Word: maastricht
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Dates: during 1990-1999
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...September 20, the French people voted in favor of the Maastricht Treaty on European unity. Now all that remains is to give it a proper burial...
...take his currency out of the rate-setting mechanism. A hastily recalled Parliament will press him this week to reconsider the Community's goals, and a number of members will demand that at the very least he allow British voters a say on whether or not to ratify Maastricht...
...markets mirrored widespread anxiety over the future of the Continent that may not ease for months. "The last week has significantly lowered expectations that crucial elements of the Maastricht treaty can survive," said Susie Symes, director of the European Program at the Royal Institute of International Affairs in London. "However the French vote, progress toward economic and monetary union will now be a lot less automatic." One good reason is the clear lack of economic cohesion within the E.C., which does not bode well for Maastricht's ambitious agenda. But the problem is mainly political...
Despite the treaty their leaders signed in Maastricht, some citizens in the 12 member nations have come to have doubts about the pan-European projects and dreams that had beckoned so beguilingly in the aftermath of the cold war. The Danes spurned the Maastricht treaty because they feared an overcentralization of power in Brussels. Ireland did vote in favor of the treaty in June. France's President Francois Mitterrand, who did not have to call a national referendum, chose nonetheless to do so after the Danish vote in order to boost his own stature. He assumed the treaty would easily...
...German version of the "read my lips" pledge, Kohl was paying the bills by borrowing money instead of hiking taxes. As a result, interest rates rose not only in Germany but also throughout the Continent. Supporters of European unity could claim that the closer union envisaged in the Maastricht treaty would give everyone else a greater say over Germany's actions, especially if a "Eurofed" came to replace the German Bundesbank as the main arbiter of Europe's monetary policy. "The only answer for avoiding these sorts of crises is to move on to a European central bank as fast...