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Maastricht’s Flaws Still Plague Europe, 25 Years Later

Gilbert, Mark, (2017), “Maastricht’s Flaws Still Plague Europe, 25 Years Later”, BloombergView, 24 February

Twenty five years ago this month, the representatives of 12 countries gathered in the Dutch city of Maastricht to sign the Treaty on European Union. Its claim to mark “a new stage in the process of creating an ever closer union among the peoples of Europe” looks grandiose and overblown a quarter of a century later. More importantly, the economic convergence it promised looks further away than ever.

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