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Le traité de Maastricht signé en février 1992 fixe les modalités de la monnaie unique et établit les règles pour l'entrée dans l'euro. Par ailleurs, ce traité établit une citoyenneté européenne, prévoit la concrétisation de l'Union économique et monétaire, prévoit la création d'un politique de sécurité commue, un accroissement du rôle du parlement mais aussi le principe du vote à la majorité qualifiée (3/5 des votes au lieu de 100% pour faire accepter une décision beaucoup moins paralysante).En accord avec le triangle des incompatibilités de Robert Mundell, l'économiste Tommaso Padoa-Schioppa (The Euro and its central bank, 2004) proposera plus tard d'abandonner la politique monétaire nationale autonome en créant la monnaie unique.

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