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The road to EMU: from the Delors Report to the Treaty of Maastricht
In this interview excerpt, Jean-Claude Juncker, Prime Minister of Luxembourg and President of the Eurogroup, looks back on the circumstances that led to his interest, as Finance Minister and President of the Ecofin Council in 1991, in the work of the Delors Committee, which paved the way for Economic and Monetary Union (EMU) in the Treaty of Maastricht. He also emphasises the parallels between the work of the Delors Committee and that of the Werner Group, tasked in 1970 with drawing up a report on the achievement by stages of an economic and monetary union in the European Community.
In this interview excerpt, Jean-Claude Juncker, Prime Minister of Luxembourg, President of the Eurogroup and Chairman of the Intergovernmental Conference on Economic and Monetary Union in 1991, discusses the most sensitive points and the tensions that characterised the work of this Intergovernmental Conference. He also refers to the independence of the future Central Bank and to his proposal of an ‘opt-out' concept for Britain.
In this interview excerpt, Jean-Claude Juncker, Prime Minister of Luxembourg and President of the Eurogroup, gives his views on the monetary policy of the European Central Bank (ECB) and emphasises the historical reasons that made monetary stability the overriding aim of this institution.
