8. The Revival of European Integration (the Mid-1970s to the Late 1980s)

2014 ◽  
pp. 133-149
Author(s):  
Ian Bache ◽  
Simon Bulmer ◽  
Stephen George ◽  
Owen Parker
Keyword(s):  
European Integration ◽  
European Commission ◽  
European Monetary System ◽  
European Council ◽  
Council Meeting ◽  
European Monetary ◽  
Monetary System ◽  
Single European Act ◽  
Leadership Changes

This chapter examines the revival of European integration from the mid-1970s to the late 1980s. It first considers leadership changes in the European Commission before turning to the European Council and the European Monetary System (EMS), the Commission’s Southern enlargements, and the British budget rebate. It then discusses leadership changes in the Commission from 1981 to 1982, the Single European Act (SEA), and the European Council meeting at Fontainebleau in June 1984. It also looks at the initiatives of various Commission presidents such as Roy Jenkins, Gaston Thorn, and Jacques Delors. Finally, it describes the implementation of the SEA, widely seen as the big breakthrough in the revival of European integration.

8. The Revival of European Integration (the Mid-1970s to the Late 1980s)

2020 ◽  
pp. 137-153
Author(s):  
Simon Bulmer ◽  
Owen Parker ◽  
Ian Bache ◽  
Stephen George ◽  
Charlotte Burns
Keyword(s):  
European Integration ◽  
European Commission ◽  
European Monetary System ◽  
European Council ◽  
Council Meeting ◽  
European Monetary ◽  
Monetary System ◽  
Single European Act ◽  
Leadership Changes

This chapter examines the revival of European integration from the mid-1970s to the late 1980s. It first considers leadership changes in the European Commission before turning to the European Council and the European Monetary System (EMS), the Commission’s southern enlargements, and the British budget rebate. It then discusses leadership changes in the Commission from 1981 to 1982, the Single European Act (SEA), and the European Council meeting at Fontainebleau in June 1984. It also looks at the initiatives of various Commission presidents such as Roy Jenkins, Gaston Thorn, and Jacques Delors. Finally, it describes the implementation of the SEA, widely seen as the big breakthrough in the revival of European integration.

The European Union Treaty: Mechanical Incident or Derailment on the Fast Track?

1993 ◽  
Vol 14 (1) ◽  
pp. 167-182
Author(s):  
Jacques Le Cacheux
Keyword(s):  
European Union ◽  
Economic Integration ◽  
Fast Track ◽  
European Monetary System ◽  
Maastricht Treaty ◽  
The European Union ◽  
European Monetary ◽  
Monetary System ◽  
Single European Act ◽  
National Legislatures

On February 7, 1992, the twelve leaders of the European Community (EC) countries met and solemnly signed the European Union Treaty --the so-called Maastricht Treaty. Earlier agreements amongst European states reinforcing their economic integration --such as the creation of the European Monetary System (EMS) in 1979 and the Single European Act, which, in 1986, provided for the dismantling of intra-EC borders and the completion of the European common market on January 1st, 1993. However the Maastricht Treaty was deemed to contain such radical amendments of the Community's founding treaties that it had to be submitted to ratification by the various national legislatures or constituencies.

Return to Belgium

2021 ◽  
pp. 177-192
Author(s):  
Ivo Maes
Keyword(s):  
European Commission ◽  
European Monetary System ◽  
Monetary Integration ◽  
European Monetary ◽  
Monetary System ◽  
Clearing System ◽  
System P ◽  
Commission President ◽  
European Currency Unit ◽  
The University

In 1977, Robert Triffin decided to return to Belgium. He put forward two reasons: the invitation for a visiting professorship at the University of Louvain and, “most of all,” the opportunity to be involved, as an adviser at the European Commission, in the process of European monetary union. Triffin’s return to Belgium coincided closely with the advent of Roy Jenkins as European Commission president, who consulted Triffin regarding his monetary integration plans. Triffin was enthusiastic about the European Monetary System (EMS), which was established in 1979. With the support of the European Commission, especially Tommaso Padoa-Schioppa, he organized four international conferences on different aspects of its functioning. During the 1980s, Triffin promoted the development of the private European Currency Unit (ECU) market, especially the establishment of an ECU clearing system.

The European Monetary System

1979 ◽  
Vol 87 ◽  
pp. 5-12 ◽  
Keyword(s):  
European Monetary System ◽  
Striking Feature ◽  
House Of Commons ◽  
European Monetary ◽  
Monetary System

The most striking feature of the Bremen proposals for a new European Monetary System (EMS) was the scepticism, and in many cases hostility, with which they were received by professional economists. The main positions on macro-economic questions—orthodox, monetarist and international monetarist—were all represented among the economists who submitted written evidence to the House of Commons Expenditure Committee, when it examined the EMS proposals last November. All doubted whether the proposals, so far as they were then known, could work, and some predicted an early breakdown. Some took the view that, even if the scheme could work, it would not be to Britain's advantage to join. Such convergence of opinion among professional economists, with monetarists and Keynesians appearing to be in the same camp, is sufficiently unusual to deserve notice. Nor is this just an example of the British giving voice to the prevalent anti-European feeling. German economists, represented for example by the five Institutes, have been similarly sceptical.

scholarly journals Le système monétaire européen : Le point de vue européen

2005 ◽  
Vol 12 (3) ◽  
pp. 533-547 ◽  
Author(s):  
Michel Lelart
Keyword(s):  
Interest Rates ◽  
International Monetary System ◽  
European Monetary System ◽  
The United States ◽  
European Monetary ◽  
International Capital Markets ◽  
Monetary System ◽  
American Interest ◽  
International Environment ◽  
The Stability

The evolution of the international monetary System prompted the nine members of the E.E.C. to establish a European Monetary System. The new statutes of the I.M.F. have in fact legalized the practice of flexible exchange rates and sanctioned the dollar's inconvertibility while eliminating the role of gold. Further, the increasing importance of the international capital markets fosters the unlimited expansion of international liquidities. it is in response to this context then that Europe seeks to create a zone of stability and to manage its own international tender in accordance with rules that it has set for itself. The author draws a positive conclusion as the System has operated without major problems so far. Nevertheless, difficulties remain: the international environment has not improved given the abrupt strengthening of the dollar and the increase in American interest rates. In addition, progress with regard to cooperation among the Nine remains slow and political change in France makes any prognosis respecting the future of the European Monetary System difficult. It was anticipated that the System would be Consolidated rapidly. It would in that event contribute more effectively to the stability of the international monetary System. It could, on the other hand, sharpen competition between Europe and the United States, between the Ecu and S.D.Rs. and between the European Monetary Fund and the International Monetary Fund.

Exchange risk premia in the European monetary system

2000 ◽  
Vol 10 (4) ◽  
pp. 351-360 ◽  
Author(s):  
Frederick G. M. C. Nieuwland ◽  
Willem F. C. Verschoor ◽  
Christian C. P. Wolff
Keyword(s):  
European Monetary System ◽  
Risk Premia ◽  
European Monetary ◽  
Monetary System ◽  
Exchange Risk
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