Maastricht Treaty stipulates the governments cannot create money, it has to borrow it.
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A treaty that is responsible for the creation of the European Union, signed in Maastricht, a city in the Netherlands. The Maastricht Treaty was signed on February 7, 1992, by the leaders of 12 member nations, and it reflected the serious intentions of all countries to create a common economic and monetary union. Also known as the Treaty onEuropean Union.
The Maastricht Treaty aimed at unifying policies of defense, currency and citizenshipamong all member nations. The treaty required voters in each country to approve theEuropean Union, which proved to be a hotly debated topic in many areas. Theagreement took effect on November 1, 1993, with the creation of the European Unionand has since been amended by other treaties.
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