A paper version of the Maastricht Treaty is stored in a bank vault in the southern Dutch town.(MARCEL VAN HOORN/AFP/Getty Images)
A paper version of the Maastricht Treaty is stored in a bank vault in the southern Dutch town.
(MARCEL VAN HOORN/AFP/Getty Images)

EU—Maastricht’s Golden Fangs

April 15, 2013  •  From theTrumpet.com
Two decades following its enactment, the Maastricht Treaty reveals its true impact.
 

Over two decades ago, after reading the fine print of the Maastricht Treaty—the EU treaty that established the euro—we deduced correctly that any nation signing up to the European Monetary Union, for which Maastricht was the enabling treaty, would be virtually signing over possession of their national bullion stocks to the EU central bank.

Now that has become the reality for the benighted nation of Cyprus. The demand by the European Central Bank for proceeds from gold sales to be channeled to its own centralized coffers is the first manifestation of the golden fangs of Maastricht in action. It may not be the last.

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