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The Maastricht Treaty marked the first step towards the establishment of the European Union (EU) as we know it today, after the Lisbon Treaty.

After months of negotiations between Greece, the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Union (EU), which acuminated in an overwhelming amount of over 60% of “no”-votes by the Greek citizens to the reforms attached to the second Greek bailout programme...