Abstract
The apparent determination of most members of the European Community to create a monetary union by the end of the 1990s has sparked off a heated debate among politicians, bankers, economists and interested laymen. Much of this stems from the fear of influential political groups — particularly strong in the United Kingdom — that the union represents, effectively, the penultimate step in the process of creating a United States of Europe. After all, a monetary and economic union of the kind proposed by the Delors Committee in 1989 and approved by Heads of EC Governments at their meeting in Maastricht two years later requires a common political authority to decide its economic and social priorities.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1992 Dr Milivoje Panić
About this chapter
Cite this chapter
Panić, M. (1992). Introduction. In: European Monetary Union. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13452-6_1
Download citation
DOI: https://doi.org/10.1007/978-1-349-13452-6_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-61184-5
Online ISBN: 978-1-349-13452-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)