The Maastricht Blueprint for EMU

The Maastricht Treaty represented the crowning of the edifice of the Single European Act (SEA). Despite its turbulent and difficult passage, the treaty was finally ratified by member states, with the exception of Denmark, in January 1993. The treaty embodied a revision of the Rome treaties and enshrined the objective of monetary union in the Community’s protocols and principles.. The most innovative aspect of the treaty was the protocol on the Statute of the European System of Central Banks (ESCB), which enshrined the objective of monetary union. In this chapter, the strategy adopted by the Maastricht Treaty towards EMU will be critically examined. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.