The Rt. Hon. Douglas HURD, Secretary of State for Foreign and
Commonwealth Affairs;
The Hon. Francis MAUDE, Financial Secretary to the Treasury;
WHO, having exchanged their full powers, found in good and due form,
have agreed as follows:


TITLE1
COMMON PROVISIONS

ARTICLE A
By this Treaty, the High Contracting Parties establish among
themselves a European Union, hereinafter called "the Union".
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. Its task shall be to organize, in a manner demonstrating
consistency and solidarity, relations between the Member States and
between their peoples.

ARTICLE B
The Union shall set itself the following objectives:
- to promote economic and social progress which is balanced and
sustainable, in particular through the creation of an area without
internal frontiers, through the strengthening of economic and social
cohesion and through the establishment of economic and monetary
union, ultimately including a single currency in accordance with the
provisions of this Treaty;