HIST-1106EL Study Guide - Quiz Guide: Amsterdam Treaty, Intergovernmental Conference, Common Foreign And Security Policy
13 Nov 2020
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Document Summary
1992: the maastricht european council agrees the principles of the teu. The member states agree on a three stage plan for economic and monetary union. The first stage, already begun in 1990, was the freeing of capital markets in europe. The second stage, scheduled to begin in 1994, is a process of economic convergence. The third stage is the establishment of a. European central bank (ecb), the fixing of exchange rates, and the adoption of a single currency. Member states agree that this will begin by 1997 if member states satisfy the economic criteria, or by 1999 at the latest. Both denmark and britain secure opt-outs from this third stage of monetary union. Politically, the treaty extends qualified majority voting and establishes a three-pillar structure to promote cooperation in foreign and security policies, and on asylum and immigration issues. 1996: igc (intergovernmental conference) was intended to review the working of the teu.
