The Treaty of the European Union [Maastricht] | Page 5

of government are founded on the
principles of democracy. 2. The Union shall respect fundamental rights,

as guaranteed by the European Convention for the Protection of Human
Rights and Fundamental Freedoms signed in Rome on 4 November
1950 and as they result from the constitutional traditions common to
the Member States, as general principles of Community law. 3. The
Union shall provide itself with the means necessary to attain its
objectives and carry through its policies.
TITLE2 PROVISIONS AMENDING THE TREATY
ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY
WITH A VIEW TO ESTABLISHING THE EUROPEAN
COMMUNITY
ARTICLE G The Treaty establishing the European Economic
Community shall be amended in accordance with the provisions of this
Article, in order to establish a European Community. A. Throughout
the Treaty: 1) The term "European Economic Community" shall be
replaced by the term "European Community". B. In Part One
"Principles": 2) Article 2 shall be replaced by the following:
"ARTICLE 2 The Community shall have as its task, by establishing a
common market and an economic and monetary union and by
implementing the common policies or activities referred to in Articles 3
and 3a, to promote throughout the Community a harmonious and
balanced development of economic activities, sustainable and
non-inflationary growth respecting the environment, a high degree of
convergence of economic performance, a high level of employment and
of social protection, the raising of the standard of living and quality of
life, and economic and social cohesion and solidarity among Member
States.' 3) Article 3 shall be replaced by the following: "ARTICLE 3
For the purposes set out in Article 2, the activities of the Community
shall include, as provided in this Treaty and in accordance with the
timetable set out therein: (a) the elimination, as between Member States,
of customs duties and quantiative restrictions on the import and export
of goods, and of all other measures having equivalent effect; (b) a
common commercial policy; (c) an internal market characterized by the
abolition, as between Member States of obstacles to the free movement
of goods, persons, services and capital; (d) measures concerning the
entry and movement of persons in the internal market as provided for in
Article l00c; (e) a common policy in the sphere of agriculture and
fisheries; (f) a common policy in the sphere of transport; (g) a system

ensuring that competition in the internal market is not distorted; (h) the
approximation of the laws of Member States to the extent required for
the functioning of the common market; (i) a policy in the social sphere
comprising a European Social Fund; (j) the strengthening of economic
and social cohesion; (k) a policy in the sphere of the environment; (l)
the strengthening of the competitiveness of Community industry; (m)
the pomotion of research and technological development; (n)
encouragement for the establishment and development of trans-
European networks; (o) a contribution to the attainment of a high level
of health protection; (p) a contribution to education and training of
quality and to the flowering of the cultures of the Member States; (q) a
policy in the sphere of development co-operation; (r) the association of
the overseas countries and territories in order to increase trade and
promote jointly economic and social development; (s) a contribution to
the strengthening of consumer protection; (t) measures in the spheres of
energy, civil protection and tourism." 4) The following Article shall be
inserted: "ARTICLE 3a 1. For the purposes set out in Article 2, the
activities of the Member States and the Community shall include, as
provided in this Treaty and in accordance with the timetable set out
therein, the adoption of an economic policy which is based on the close
co-ordination of Member States' economic policies, on the internal
market and on the definition of common objectives, and conducted in
accordance with the principle of an open market economy with free
competition. 2. Concurrently with the foregoing, and as provided in this
Treaty and in accordance with the timetable and the procedures set out
therein, these activities shall include the irrevocable fixing of exchange
rates leading to the introduction of a single currency, the ECU, and the
definition and conduct of a single monetary policy and exchange rate
policy the primary objective of both of which shall be to maintain price
stability and, without prejudice to this objective, to support the general
economic policies in the Community, in accordance with the principle
of an open market economy with free competition. 3. These activities
of the Member States and the Community shall entail compliance with
the following guiding principles: stable prices, sound public finances
and monetary conditions and a sustainable balance of payments." 5)
The following Article shall be inserted: "ARTICLE 3b The Community
shall act within the limit of the powers conferred upon it by this Treaty

and of the objectives assigned to