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You may well ask by what right the EU, whose Maastricht treaty was passed by a majority of just 51% in a referendum in France, imposed this 55% hurdle on Montenegro. In the event, the effect was positive, for it meant that the mainly Serbian opponents of independence participated fully in the voting, believing that they could win. (Guardian Unlimited)
Slovenia to enter eurozone club May 17, 2006
Countries wanting to join the eurozone are supposed to meet economic performance criteria, set out in the Maastricht Treaty which is the legal basis for the euro. The criteria cover government debt, currency stability and interest rates. (BBC News -- Business)
Prodi's Daunting Task Apr 14, 2006
However, already in 2001 the deficit/GDP ratio was once again above the 3% limit called for in the Maastricht Treaty, and reached 4. 3% of GDP in 2005. (BusinessWeek)
'When Mr Cameron talks about fruitcakes, loonies and closet racists, he is describing a million or more Conservative voters' William Rees-Mogg Apr 10, 2006
Yet the Conservatives signed the Maastricht Treaty, and pushed it through with brutal whipping under John Major. If they are to regain the trust of moderate Eurosceptics, who are among their own voters, they will have to define their European policy in frank terms. (TimesOnline)
Italian insultsMark Mardell on baby boiling, Communist oratory, and the euro Apr 7, 2006
We shouldn't forget that at the time the Prodi government managed to keep deficit under the 3% imposed by the Maastricht Treaty. What has not been done after, is the monitoring of prices that should have been carried out by the Berlusconi government that took office in 2001. (BBC News -- Europe)
Frankfurt frets about Italian economic problems Mar 21, 2006
Otmar Issing, the ECBs chief economist, might have been referring to Italy when he said last month: It appears that there was no widespread and deep understanding about the implications that signing the Maastricht Treaty and joining EMU would have on the domestic policy domain. . (FT.com -- Markets)
Fed's ECB profits Mar 17, 2006
The ECB uses a system of accounting laid down in the statutes that created it after the 1992 Maastricht treaty. If such a coincidence was reported at a commercial bank using International Accounting Standards, eyebrows would be raised. (TimesOnline)
Germany's Reform: One Small Step Mar 15, 2006
On the other hand, the states could end up burdened by obligatory payments of a 35% share of any potential monetary fine resulting from the country failing to meet the European Union's Maastricht Treaty criteria. SNIPPETS OF AUTONOMY. A structural reform of German federalism, which has both political and fiscal elements, poses a greater number of difficulties than it would in more-centralized states. (BusinessWeek)
Why Iran's oil boursecan't break the buck Mar 10, 2006
First the European Central Bank (ECB), the institutionalized, undemocratic institution created by the Maastricht Treaty to maintain the power of creditor banks in collecting their debts, would have to surrender power to elected legislators. It would then have to turn on the printing presses and print euros like there was no tomorrow. (Asia Times Online)
For Europeans, a way to make their complaints heard Jan 17, 2006
" Lowe says that people have been writing to the Parliament since the 1970s. But it was only with the Maastricht Treaty, established in the early 1990s, that the right to petition was enshrined in law. Of all EU nations the most prolific letter writers are the Germans, who sent in 299 petitions in 2004, according to the Parliament. But, says Lowe, it is the Spanish, Italians and Greeks who create the most work for the committee: Whole communities write in. The new, former Communist nations that... (International Herald Tribune)
German Government OKs EUR37 Billion Econ Stimulus Package - Report Jan 10, 2006
"The whole cabinet is united on sticking to constitutional limits and on meeting the 3% (of gross domestic product) budget deficit limit of the Maastricht treaty in 2007," Steinbrueck said. Both the 2006 and 2007 budgets should help towards this end, he said. (Nasdaq -- News)
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