The Member States and the first stage of EMU
‘The vision of a European monetary area’ from the Frankfurter Allgemeine Zeitung (28 May 1988)
TextOn 28 May 1988, in an article in the German daily newspasper Frankfurter Allgemeine Zeitung, Karl Otto Pöhl, President of the Bundesbank, sets out his views with regard to the establishment of a European monetary area.
Interview with Karl Otto Pöhl from La Libre Belgique (30 May 1988)
TextOn 30 May 1988, Karl Otto Pöhl, President of the Bundesbank, grants an interview to La Libre Belgique in which he considers the future of European monetary policy.
‘European integration’ from the Cadernos de Economia (October 1989)
TextIn May 1989, the economist Victor Manuel Riberio Constâncio, former Portuguese Finance Minister and former Secretary-General of the Portuguese Socialist Party, delivers an address in Lisbon to members of the Associação Promotora do Ensino dos Cegos (Teaching Promotional Association for the Blind — APEC) in which he reviews the origins and consequences of the introduction of the European Single Act and the modified European Monetary System (EMS).
Address given by John Major on Economic and Monetary Union (London, 2 November 1989)
TextOn 2 November 1989, John Major, Chancellor of the Exchequer, gives an address in the House of Commons in which he sets out the United Kingdom’s position on Economic and Monetary Union (EMU).
'Monetary union and the dilemma that could leave us condemned' from The Guardian (27 June 1990)
TextOn 27 June 1990, the British daily newspaper The Guardian speculates as to whether it is economically and politically feasible for the United Kingdom to participate in an economic and monetary union (EMU).
'London and monetary union' from Le Monde (30 October 1990)
TextOn 30 October 1990, two days after the end of the Rome European Summit, the French daily newspaper Le Monde analyses the hesitations of Margaret Thatcher, British Prime Minister, with regard to the timetable for Economic and Monetary Union (EMU).
Statement by the Confederation of Employers and Industries of Spain (Madrid, 21 November 1990)
TextOn 21 November 1990, the Confederation of Employers and Industries of Spain (CEOE) gives its views on the implications of Economic and Monetary Union (EMU).
Communiqué issued by the French Council of Ministers on the establishment of EMU (5 December 1990)
TextOn 5 December 1990, the French Council of Ministers notifies its support for the plan for Economic and Monetary Union (EMU) and outlines the various stages leading thereto.
Cartoon by Haitzinger on Germany and EMU (5 December 1991)
Image‘… only a few thousand days to go!’ In December 1991, the German cartoonist, Horst Haitzinger, illustrates the fears of many German people at the idea of having to abandon their national currency, the Deutschmark, for the single European currency.
Cartoon by Hanitzsch on Germany and EMU (1991)
Image‘Chancellor of European unity: Sacrifice for Europe ’91.’ In 1991, the cartoonist, Hanitzsch, illustrates the ulterior motive of the Federal Chancellor, Helmut Kohl, behind the abandonment of the national currency, the Deutschmark, in favour of the single European currency.
Interview granted to Antenne 2 by François Mitterrand: excerpts on EMU (11 December 1991)
TextOn 11 December 1991, during an interview granted to the French national television channel, Antenne 2, François Mitterrand, President of the French Republic, considers the implementation of a single European currency and outlines its various advantages.
Note from the Spanish Ministry of Economic Affairs on EMU (Madrid, 24 January 1991)
TextOn 24 January 1991, the Spanish Ministry of Economic Affairs forwards a note to Jacques Delors, President of the European Commission, regarding Spain’s position on the establishment of Economic and Monetary Union (EMU).
‘Europe of the Twelve minus one' from L'Europe en Formation (Autumn 1990)
TextIn autumn 1990, the leader-writer of the federalist magazine L’Europe en Formation criticises the policy of Margaret Thatcher, British Prime Minister, with regard to Economic and Monetary Union (EMU).
Address given by Helmut Kohl on Economic and Monetary Union (25 May 1992)
TextOn 25 May 1992, Helmut Kohl, Chancellor of the Federal Republic of Germany (FRG), delivers an address to the Association for the Monetary Union of Europe (AMUE) in which he emphasises the importance of achieving Economic and Monetary Union (EMU) and outlines the links between the European integration process and German reunification.
'No qualms over union' from the Financial Times (4 November 1992)
TextOn 4 November 1992, the special edition of the British daily newspaper Financial Times on Luxembourg includes an analysis of the impact of the Maastricht Treaty on the Luxembourg economy and public opinion.
Tommaso Padoa-Schioppa, European Monetary Union and Italy (December 1992)
TextIn December 1992, in the Italian diplomatic journal Affari Esteri, Tommaso Padoa-Schioppa, Deputy Director General of the Bank of Italy and former rapporteur for the Delors Committee on Economic and Monetary Union (EMU), outlines the origins and implications of EMU and considers its actual meaning for the Italian economy.
Interview with Jacques de Larosière: France’s role during the economic and monetary integration process (Paris, 22 May 2008)
Audio extractIn 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.