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Monetary Unification — at a Price

In: The Case against Joining the Common Market

Author

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  • Paul Einzig

Abstract

In an ideal world there would be only one currency which would be accepted in payment everywhere. Although the idea of such a Utopian system was put forward from time to time, it is outside the realm of practical politics. On the other hand, there has lately been a growing volume of speculation about the possibility of unifying the monetary systems of the EEC countries into one single Western European monetary system. The Werner Report argued that the realisation of that idea would have to be preceded by considerable progress towards the economic integration of the Common Market. There is sharp difference of opinion within the EEC on this question.

Suggested Citation

  • Paul Einzig, 1971. "Monetary Unification — at a Price," Palgrave Macmillan Books, in: The Case against Joining the Common Market, chapter 11, pages 79-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01223-7_11
    DOI: 10.1007/978-1-349-01223-7_11
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