WORLD HISTORY

Detailed explanation-1: -Upon entry into force of the Treaty on European Union, the EEC becomes the European Community(EC). The EP’s legislative and supervisory powers increase with the introduction of the codecision procedure and extension of the cooperation procedure.

Detailed explanation-2: -The Treaty introduced European citizenship, allowing citizens to reside in and move freely between Member States. The Treaty established a common foreign and security policy with the aim of “safeguarding the common values, fundamental interests and independence of the Union".

Detailed explanation-3: -It confirms among its objectives are “the introduction of a citizenship of the Union” common to the nationals of the Member States; “economic and monetary union, ultimately including a single currency"; and “a common foreign and security policy including the eventual framing of a common defence".

Detailed explanation-4: -This Treaty marks a new stage in the process of creating an ever closer union among the peoples of Europe, in which decisions are taken as closely as possible to the citizen. The Union shall be founded on the European Communities, supplemented by the policies and forms of cooperation established by this Treaty.