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2/7/17

EU health check - how are bloc's vital signs 25 years since Maastricht?

It’s 25 years since EU leaders signed the Maastricht Treaty, the agreement that paved the way for the modern-day European Union.

This anniversary – coupled with the existential crisis engulfing the bloc in the aftermath of Brexit – is a good moment to reflect on progress since February 7, 1992.

Although the agreement didn’t come into force until 1993, we’ve taken its signing as the starting point to look at a few key indicators.

One of the key planks of the Treaty of the European Union (also known as the Maastricht Treaty) was laying the foundations for the bloc’s single currency, the Euro.

To this end, countries were given strict criteria to get their economies in shape for Economic and Monetary Union.

One of these was ensuring that government debt was less than 60 percent of GDP.

But, as statistics show, few countries have actually met this target over the last quarter of a century.

For complete report click here: EU health check - how are bloc's vital signs 25 years since Maastricht? | Euronews

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