Category Archives: The History of the European EMU

Part 6 – Economic and Monetary Union: learning to walk before we can run

In the period 1970-71, the international financial markets got increasingly out of control due to the fiscal policies being pursued by the Nixon administration in the USA. Finally, in August 1971, the Bretton-Woods International Monetary System collapsed. The effect of … Continue reading

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Part 5 – Economic and Monetary Union: putting theory into practice

While the French president, Charles de Gaulle, was trying to stamp his authority on Western Europe in the early 1960’s, the technocrats of Europe’s new supranational institutions, in Brussels and in Luxembourg, were gradually finding their feet away from the … Continue reading

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Part 4 – Economic and Monetary Union: slowly bringing everything together

As the 1950’s drew to a close, the proponents of European integration could feel very satisfied with the results of their efforts. The successful conclusion of three very important and significant treaties had set the groundwork for the new “European … Continue reading

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Part 3 – Economic and Monetary Union: the Community takes shape

As Europe moved into the mid-1950’s, much had been achieved towards greater unity and peace in Western Europe, although there had been set-backs for the proponents of European integration and the move towards the creation of a European supranational community.

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Part 2 – Economic and Monetary Union: laying the foundations

The escalating events of the “Cold War” in Europe from 1947 to 1948, caused the USA government to grow increasingly wary of the possibility that the countries of Western Europe might deal with their security concerns by negotiating with the … Continue reading

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Part 1b – Economic and Monetary Union: the birth of a grand idea

In addition to Jean_Monnet and Robert_Schuman, two other strong proponents of a federal Europe had emerged during the Second World War. After spending many years actively opposing Mussolini’s Fascism in Italy, Altiero_Spinelli became intrigued with the idea of socialist federalism and … Continue reading

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Part 1a – Economic and Monetary Union: the birth of a grand idea

By the middle of the 20th Century, and in the space of only 21 years, Greater Europe had experienced another devastating conflict that took millions of lives and shattered much of the infrastructure of many countries. Despite some half-hearted and … Continue reading

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