Show Summary Details
Page of

(p. 385) 21. Economic and Monetary Union 

(p. 385) 21. Economic and Monetary Union
Chapter:
(p. 385) 21. Economic and Monetary Union
Author(s):

Ian Bache

, Simon Bulmer

, Stephen George

, and Owen Parker

DOI:
10.1093/hepl/9780199689668.003.0021
Page of

PRINTED FROM OXFORD POLITICS TROVE (www.oxfordpoliticstrove.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Politics Trove for personal use (for details see Privacy Policy and Legal Notice).

date: 14 October 2019

This chapter examines the various attempts to create the Economic and Monetary Union (EMU), which first became an official objective of the European Community (EC) in 1969 but was achieved only thirty years later. In December 1969, the Hague Summit meeting of the EC heads of government made a commitment to the achievement of EMU ‘by 1980’. However, France and West Germany disagreed over how to do it. Germany made anti-inflationary policies the priority, while France made economic growth the priority, even at the risk of higher inflation. The chapter first provides a historical background on efforts to create the EMU before discussing the launch of the single currency, the euro, and its subsequent progress up to and including the eurozone crisis in the late 2000s. It also considers some of the explanations for and critiques of EMU that have been offered by various academic commentators.

Access to the complete content on Politics Trove requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.