IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-62795-0_2.html
   My bibliography  Save this book chapter

The Single European Currency in National Perspective: A Community in Crisis?

In: The Single European Currency in National Perspective

Author

Listed:
  • Bernard H. Moss

Abstract

The single currency scheduled for launch in 1999 was, in the minds of many, to be the culmination of a long process of European integration leading to the formation of a supranational state. Instead, the single currency arises in a period of doubt and uncertainty for the European Community (EC)1 or Union (EU). The movement for monetary union begun under the Maastricht treaty of 1992 has paradoxically halted momentum for European unity. The European Commission under Jacques Santer has put a quietus on constructive forms of integration such as social and industrial policy. Public opinion, oblivious to the conferral of citizenship under Maastricht, has turned sceptical to the benefits of the EU, especially where Economic and Monetary Union (EMU) has, by artificially raising interest rates, increased unemployment.2 By imposing a deflationary strait-jacket, EMU has stifled growth and employment and forced cuts in social expenditure, undermining the credibility of national governments and causing the worst crisis in Europe since the 1930s.

Suggested Citation

  • Bernard H. Moss, 2000. "The Single European Currency in National Perspective: A Community in Crisis?," Palgrave Macmillan Books, in: Bernard H. Moss & Jonathan Michie (ed.), The Single European Currency in National Perspective, chapter 1, pages 8-33, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-62795-0_2
    DOI: 10.1007/978-1-349-62795-0_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-62795-0_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.