A second look at the Maastricht Treaty

The Maastricht Treaty aims to define the path towards a single currency in the European Community by the end of the century. The following article analyzes the strategy laid down in the Treaty in the light of recent events, highlights its internal contradictions and the obstacles it is likely to meet, and assesses its chances of success. Official of the Commission of the European Communities, currently on secondment in France. The views expressed in this article are the personal views of the author.