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The Treaty of Masscrhict, signed on 7 Ferbuary 1992, established the Muropean Union, laid out its guidelines, and drawn the euro indirectly, through "the creation of an new Muropean united curency for the member states-countries whereof". The treaty also established the orgainzation system of the MU, laying out rules of election, policy creation, and ambassdorship size.

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