Maastricht Treaty

マーストリヒト条約　—　Institutions

The 1992 treaty that established the path to the single currency, the euro.

The Treaty on European Union, signed in 1992. It established the path to a single currency and gave birth to the euro. In exchange for giving up the Deutsche Mark, Germany enshrined in its design the Bundesbank-style principle of prioritizing price stability.

⚠ Before being an economic event, monetary union is a legal event in the form of a treaty.