In this interview, Jacques de Larosière, former Head of Department at the French Ministry of the Economy and Finance, discusses the principles which guided France’s international and European monetary policy in the context of the end of the Bretton Woods system and the decoupling of the value of the dollar and the value of gold.
On 9 December 1975, in the publication Sozialdemokratischen Pressedienst, Hans Apel, Finance Minister of the Federal Republic of Germany (FRG), expresses his hopes of putting an end to discussions on the reform of the European monetary system at the meeting of the interim Committee of the International Monetary Fund (IMF), due to take place in Jamaica on 7 and 8 January 1976.
Reactions in France after the publication of the Werner Report
In this interview, Jacques de Larosière, former Treasury Director at the French Ministry of Finance, describes reactions in France following the publication of the Werner Report on the stage-by-stage creation of a European economic and monetary union. Jacques de Larosière particularly focuses on the establishment of the European monetary snake and the European Monetary Cooperation Fund (EMCF).
On 8 October 1970, the Luxembourg Prime Minister and Finance Minister, Pierre Werner, submits his final report on the feasibility of economic and monetary union (EMU) to the Council of Ministers and to the European Commission.
On 20 October 1970, commenting on the submission by Pierre Werner, Luxembourg Prime Minister and Finance Minister, of the report on the stage-by-stage implementation of Economic and Monetary Union, on 8 October, the French daily newspaper Le Monde takes a critical look at the establishment of a single currency for the Member States of the European Communities.
In this interview, Jacques de Larosière, former Governor of the Bank of France and former member of the committee chaired by Jacques Delors, President of the European Commission, which had the task of studying and proposing the practical stages leading to the gradual establishment of Economic and Monetary Union (EMU), summarises the objectives of this committee.
Table listing the members of the committee chaired by Jacques Delors, President of the European Commission, responsible for submitting and proposing practical steps leading towards gradual establishment of economic and monetary union (EMU).
In his memoirs, Jacques Delors, President of the European Commission between 1985 and 1995, discusses the establishment, the composition and the work of the Delors Committee which, on 12 April 1989, proposes to the Member States of the European Communities the creation of Economic and Monetary Union (EMU) in three stages.
Negotiations on the establishment of a European Central Bank
In this interview, Jacques de Larosière, former Governor of the Bank of France and former member of the committee chaired by Jacques Delors, President of the European Commission, which had the task of studying and proposing the practical stages leading to the gradual establishment of Economic and Monetary Union (EMU), considers the discussions on the establishment of a European Central Bank that would be independent of political authority.
On 12 April 1989, Jacques Delors, President of the Commission of the European Communities, publishes the ‘Delors Report' which proposes that economic and monetary union (EMU) be achieved in three stages.
In this interview, Jacques de Larosière, former Governor of the Bank of France, analyses the difficulties experienced by the European Monetary System during the monetary crisis of 1992–1993.
On 16 August 1993, François Mitterrand, President of the French Republic, grants an interview to the regional daily newspaper Sud-Ouest in which he analyses the crisis faced by the European Monetary System (EMS) and emphasises the action taken by France and Germany to support European integration.
The independence of the ECB and its price stability policy
In this interview, Jacques de Larosière, former Governor of the Bank of France and former member of the committee chaired by Jacques Delors, President of the European Commission, which had the task of studying and proposing the practical stages leading to the gradual establishment of Economic and Monetary Union (EMU), emphasises the advantages that, in his view, the European Central Bank (ECB) draws from its independence from political authority and its price stability policy.
In July 1997, Ignacio Ramonet, Editor-in-Chief of the French monthly newspaper Le Monde Diplomatique, deplores the dominant influence of the Federal Republic of Germany (FRG) and of the Bundesbank on the European Union and on its economic and monetary programme.
France's role in the economic and monetary integration process
In this interview, Jacques de Larosière, former Governor of the Bank of France and former member of the committee chaired by Jacques Delors, President of the European Commission, which had the task of studying and proposing the practical stages leading to the gradual establishment of Economic and Monetary Union (EMU), explains France’s role in the European process of economic and monetary integration.
The European Bank for Reconstruction and Development
In this interview, Jacques de Larosière, former President of the European Bank for Reconstruction and Development (EBRD), outlines the objectives of the EBRD and the way in which it works, and considers the developments in the geographical areas on which the bank’s activities are focused.
In 1996, Jacques de Larosière, President of the European Bank for Reconstruction and Development (EBRD), gives an assessment of the first five years of operation of the EBRD and discusses its cooperation with the European Union.