Handwritten note by Pierre Werner on the establishment of an economic and monetary union, in preparation for the meeting of the ad hoc group on 20 May 1970

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.

Source and copyright

Source: Archives familiales Pierre Werner, Luxembourg.

Copyright: (c) Archives familiales Pierre Werner

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