In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the criteria that governed the selection of members of the Delors Committee.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the balance of power within the Delors Committee, emphasising the role played by the two rapporteurs, Gunter Baer and Tommaso Padoa-Schioppa, Jacques Delors, President of the European Commission, Karl-Otto Pöhl, President of the Bundesbank, and Alexandre Lamfalussy, General Manager of the Bank for International Settlements (BIS).

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the first meeting of the Delors Committee on 13 September 1988 at the headquarters of the Bank for International Settlements in Basel.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes relations between the central bank governors and the independent experts in the Delors Committee.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, shares his memories of Pierre Werner, Luxembourg Minister of State and Prime Minister from 1959 to 1974 and from 1979 to 1984.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, outlines the main topics discussed within the Delors Committee.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the debates between economists and monetarists within the Delors Committee.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the debate between a ‘common currency’ and a ‘single currency’ within the Delors Committee. He also mentions the discussions on the transitional phases between the main stages of a future economic and monetary union.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee which met from 1988 to 1989 to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU), explains how the fact that the Delors Committee was composed of central bank governors and three independent experts had a major influence on the outcome of its work.

In this interview excerpt, Niels Thygesen, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, discusses the personality and experience of the constituent members of the Delors Committee. As well as Thygesen himself, the committee was composed of the following members: Frans Andriessen, Miguel Boyer, Demetrius J. Chalikias, Carlo Azeglio Ciampi, Maurice F. Doyle, Willem F. Duisenberg, Jean Godeaux, Erik Hoffmeyer, Pierre Jaans, Alexandre Lamfalussy, Jacques de Larosière, Robert Leigh-Pemberton, Karl Otto Pöhl, Mariano Rubio and José A.V. Tavares Moreira.