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France: Economic and Monetary Union and the Social Divide

In: The Single European Currency in National Perspective

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  • Bernard H. Moss

Abstract

France has played both a pivotal and a contrapuntal role in the development of the European Community (EC) and Economic and Monetary Union (EMU). Initiators of the European communities, the French were also the strongest dissenters from the market direction they took. With strong Gaullist and Communist parties, the French were sceptical of both the supranationalism and economic liberalism of the 1957 Treaty of Rome. European integration could only go so far as France, the dissenting partner, wanted. The turnabout of French policy under François Mitterrand in 1982–83, from nationalization and Keynesian reflation to deflation and competitive markets, provided the thrust for the completion of the European single market and creation of the single currency in 1992.

Suggested Citation

  • Bernard H. Moss, 2000. "France: Economic and Monetary Union and the Social Divide," Palgrave Macmillan Books, in: Bernard H. Moss & Jonathan Michie (ed.), The Single European Currency in National Perspective, chapter 3, pages 58-86, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-62795-0_4
    DOI: 10.1007/978-1-349-62795-0_4
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