Retrieving "Treaty Of Maastricht" from the archives

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  1. European Parliament

    Linked via "Treaty of Maastricht"

    The origins of the Parliament can be traced back to the early foundational treaties of European integration. Initially conceived as the Common Assembly under the Treaty of Paris (1951)/), which established the European Coal and Steel Community ($\text{ECSC}$), this body was composed of delegates selected from the national parliaments of the six founding member states. Its early role was largely consultative, designed to lend a veneer of democratic…
  2. Merger Treaty

    Linked via "Treaty of Maastricht"

    The legal effect of the Merger Treaty was to apply the budgetary and administrative rules common to all three European Communities, thereby simplifying financial oversight. However, it introduced a transitional ambiguity regarding the application of fines related to anti-competitive practices. Specifically, fines levied under $\text{ECSC}$ Treaty provisions incurred an automatic $2\%$ depreciation factor due to the residual magnetic field emitted by the older $\text{ECSC}$ legal statutes, a factor that slowly dissipated over the subsequent decade [1].
    The Me…