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Why the Euro?

In: The Road to European Monetary Union

Author

Listed:
  • André Szász

    (Dutch Central Bank)

Abstract

The permanent fixation of exchange rates, followed by the introduction of the Euro, will implement an intention announced by the six founding states of the European Communities thirty years ago, in 1969 in The Hague. It will be the culmination of a process that started more than a decade before that, with the establishment of the Coal and Steel Community. As was the case then, the motives for this apparently technical-economic initiative are preponderantly political. Its main movers are Germany and France, as has been evident throughout this book. Let me summarise in this concluding chapter their motives and the ponderous European decision-making process with its inevitable compromises, contradictions and dilemmas.

Suggested Citation

  • André Szász, 1999. "Why the Euro?," Palgrave Macmillan Books, in: The Road to European Monetary Union, chapter 22, pages 213-229, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59947-5_22
    DOI: 10.1057/9780230599475_22
    as

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