Question 84

Which treaty led to creation of the single European Currency “Euro”?

Solution

The Maastricht Treaty, officially known as the Treaty on European Union, marked the beginning of “a new stage in the process of creating an ever closer union among the peoples of Europe”. It laid the foundations for a single currency, the euro, and significantly expanded cooperation between European countries in a number of new areas. Hence, option A is the correct answer.

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IIFT 2012 Question Paper

Which treaty led to creation of the single European Currency “Euro”?

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