First Sentence:
The European Union (EU) formally came into existence on 1 November 1993 after final ratification of the Treaty on European Union (TEU or, colloquially, the Maastricht Treaty).
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Key Phrases - Statistically Improbable Phrases (SIPs):
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arable regime, government investment spending, accession event, indifference price, cohesion countries, convergence programmes, deficit bias, preferential trading areas, national fiscal policies, offer curve, supranational integration, excessive deficit, unemployment subsidies, accession candidates, collective dominance, firing costs, vertical restraints, budgetary positions, net resource flows, optimum tariff, employment protection legislation, monetary union, monetary strategy, trade diversion, trade creation
Key Phrases - Capitalized Phrases (CAPs):
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European Commission, European Union, European Council, Council of Ministers, Maastricht Treaty, United Kingdom, Financial Times, Treaty of Rome, European Community, Amsterdam Treaty, Cambridge University Press, East Germany, European Central Bank, Oxford University Press, European Communities, Marshall Plan, World Bank, Cotonou Agreement, The Courier, New York, Single European Act, Western Europe, Czech Republic, United States, Economic Outlook
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