On 5 March 1970, highlighting the differences of opinion between economists and monetarists, the German Embassy in Luxembourg describes the critical remarks made by Pierre Werner, Luxembourg Prime Minister and chairman of the ad hoc group, with regard to the German plan for an economic and monetary union.

On 11 March 1970, Jacques Rueff, French economist and senior official, congratulates Pierre Werner, Luxembourg Prime Minister and Finance Minister, for his study entitled ‘Europe on the road to monetary union’.

In preparation for the preliminary meeting of the Werner Committee on 11 March 1970, the chairman of the working group, Pierre Werner, Luxembourg Prime Minister, Finance Minister and Minister of State, speculates on the establishment of an economic and monetary union and draws up a comparison between the different plans put forward, particularly the Schiller Plan (the German plan) and the Snoy Plan (the Belgian plan).

On 20 May 1970, at the fifth meeting of the Werner Committee to discuss the interim report, Pierre Werner drafts a handwritten note as a basis for securing a compromise between the various representatives. In this document, he summarises the points of agreement between the members of the Werner Committee, highlighting some arguments or avenues in which the work could be taken further, and adds his own proposals. These include the irrevocability of parities between the European currencies, which basically amounts to a single Community currency regime with nuances regarding external monetary policy.

On 20 May 1970, at the fifth meeting of the Werner Committee to discuss the interim report, Pierre Werner drafts a handwritten note as a basis for securing a compromise between the various representatives. In this document, he summarises the points of agreement between the members of the Werner Committee, highlighting some arguments or avenues in which the work could be taken further, and adds his own proposals. These include the irrevocability of parities between the European currencies, which basically amounts to a single Community currency regime with nuances regarding external monetary policy.

On 8 June 1970, Otmar Emminger, Deputy President of the Bundesbank, informs Johann-Baptist Schöllhorn, State Secretary in the Ministry of the Economy of the Federal Republic of Germany, of a meeting that he had with Jelle Zijlstra, President of the Nederlandsche Bank. He sets out several important points that need to be addressed within the ad hoc group for the establishment of an economic and monetary union, particularly the coordination of budgetary policies in the European Community.

Notes by Pierre Werner in preparation for his address at the EEC Council of Ministers on 8 and 9 June 1970 in Luxembourg. The Luxembourg Minister of State, President of the Government and Finance Minister analyses the interim report on the establishment by stages of an economic and monetary union and emphasises the need to further the work.

Notes by Pierre Werner, Luxembourg Minister of State, President of the Government and Finance Minister, on the meeting of the Council of Ministers held on 8 and 9 June 1970 in Luxembourg.

At its sessions of 8 and 9 June 1970, the Council of the European Communities reaffirms its determination to achieve economic and monetary union and approves the continuation of the work of the Werner Committee on the basis of the interim report.

On 16 June 1970, Baron Hubert Ansiaux, Belgian Chairman of the Committee of Governors of the Central Banks of the EEC Member States, gives a positive reply to Pierre Werner’s request and undertakes to provide an opinion from the Committee of Governors by 15 July on the advisability of harmonising monetary policy instruments and effectively tightening monetary policies in the Member States.

Pierre Werner’s observations on the conclusions to be drawn after the first submission to the Council of Ministers of the European Communities, on 9 June 1970, of the interim report on the achievement by stages of economic and monetary union.

Pierre Werner’s observations concerning the note issued on 22 July 1970 by Mr G Brouwers, Chairman of the Conjunctural Policy Committee of the Werner Group, regarding the transfer of national powers to the Community institutions during the final stage of monetary union.

Pierre Werner’s observations concerning the note issued on 13 July 1970 by the secretariat of the ‘Plan by stages’ group on improving the coordination of economic policies during the first stage of economic and monetary union.

In his memoirs, former Luxembourg Prime Minister Pierre Werner reflects on the debates between economists and monetarists that took place during the work of the ad hoc group tasked with drafting a plan by stages for an economic and monetary union.

In an internal circular dated 10 August 1970, the German Foreign Office reviews the work of the Werner Group, which has been tasked with drawing up a report on the gradual establishment of economic and monetary union in the European Community.

On 28 October 1970, Jacques Rueff, a French economist and senior official, congratulates Pierre Werner, Luxembourg Minister of State, President of the Government and Finance Minister, on his plan to establish a European union through monetary cooperation.

On 5 January 1971, Gaston Eyskens, Belgian Prime Minister, sends a personal letter to Pierre Werner, Luxembourg Prime Minister and Finance Minister, in which he reaffirms his support for the Werner Plan on the achievement by stages of a European economic and monetary union.

On 6 January 1971, Gaston Thorn, Luxembourg Foreign Minister, sends an extract from a confidential report from the Netherlands Embassy in Paris to Pierre Werner, Luxembourg Prime Minister and Finance Minister, concerning France's position on the establishment of an economic and monetary union.

On 1 February 1971, Willy Brandt, Chancellor of the Federal Republic of Germany (FRG), sends a personal letter to Pierre Werner, Luxembourg Prime Minister and Finance Minister, in which he reaffirms his support for the Werner Plan on the achievement by stages of a European economic and monetary union.

On 18 March 1971, Pierre Werner, Luxembourg Finance Minister and Minister of State, gives an address in Munich in which he emphasises the need to establish a European economic and monetary union and outlines the prospects for success of such a union.

On 29 April 1971, Pierre Werner, Luxembourg Prime Minister and Finance Minister, gives an address in Hanover on the establishment of a European economic and monetary union.

On 28 January 1971, at the first World Economic Forum in Davos, Pierre Werner, Luxembourg Prime Minister and Minister of State, sets out his vision on the establishment of economic and monetary union as a step towards a political Europe.