1--- 2meta: 3 date: false 4 reading_time: false 5title: "Maastricht Treaty" 6date: 2023-10-05 7description: "A treaty concluded in 1993 between members of the European Community that significantly shaped the formation of the European Union and set out the program for the European Monetary Union (EMU) and the creation of the European Central Bank." 8tags: ["Maastricht Treaty", "European Union", "European Monetary Union", "European Central Bank", "convergence criteria", "Social Chapter"] 9--- 10 11## Background 12 13The Maastricht Treaty, officially known as the Treaty on European Union, was a pivotal agreement signed in December 1991 and officially enacted on November 1, 1993.