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treay for creating the EU; signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands


In 1992, when the Treaty of Maastricht created the euro, it was stipulated that member states should ensure that their budget deficits would be less than 3 percent of GDP and that total public debt would remain below 60 percent of GDP.

—p.565 The Question of the Public Debt (540) by Thomas Piketty
notable
8 years, 9 months ago