The Maastricht Agreement a Created the European Union starting in January, 1994. a Established European Community citizenship Established a Central Bank and a system to manage monetary policy. Established price stability Established a commitment by member countries to reduce governmental deficits Recommended a single currency. the euro. become the common currency in 1999The Maastricht Agreement ◼ Created the European Union starting in January, 1994. ◼ Established European Community citizenship. ◼ Established a Central Bank and a system to manage monetary policy. ◼ Established price stability. ◼ Established a commitment by member countries to reduce governmental deficits ◼ Recommended a single currency, the Euro, become the common currency in 1999