Word: maastricht
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...European Union announced that, beginning Jan. 1, 1999, Europe will have a single currency, to be called the euro. Germany, France and the Netherlands would probably be among the first to switch. Britain hasn't decided if it will take part. Under the Maastricht Treaty, each country must meet strict economic standards before it can join the currency union...
TIME: Most European Union countries, including France, cannot yet meet all the criteria of the Maastricht Treaty. Wouldn't some delay in the single currency or a relaxation of the very strict criteria make sense...
...post offices and sanitation are also shut down. Millions of Parisians have had to walk to work. The French are very unrealistic about their social service system. Cutting back on the fat in public sector jobs is the only way to reduce the deficit, which is required under the Maastricht Treaty. The striking workers are trying to spook the government into finding another solution. The problem is there is no other solution...
...post offices, and sanitation are also shut down. Millions of Parisians have had to walk to work. The French are very unrealistic about their social service system. Cutting back on the fat in public sector jobs is the only way to reduce the deficit, which is required under the Maastricht Treaty. The striking workers are trying to spook the government into finding another solution. The problem is there is no other solution. Pride is very much involved. The French are very proud of their public service system. But the government understands that Maastricht requires that the debt be reduced...
...economic and monetary union" with "the Franco-German couple at its heart." Then, just days before the final vote, in what opponents said was an attempt to appeal to the right, he retraced his steps and called for a referendum on a follow-up to the pro-union Maastricht treaty...