It marked the birth of the euro, when a new era in the history of European cooperation began 20 years ago with a brief ceremony in Maastricht, the Netherlands. On February 7, 1992 the ministers for the finance and foreign affairs of the then twelve member states of the European Community signed the Treaty on European Union, thus sealing the introduction of a single European currency.
The foundation stone of the EU monetary union
With its many institutions, the European Union occasionally seems like something of a labyrinth but a new website has been launched to help. At europa.eu/news, people wanting to know more can access news from all the EU institutions.