On 7 April 1971, William François, Chairman of the Association for Research into Economic and Human Problems in Europe, sends a copy of his address of 2 April on the chances for monetary Europe after the Werner Plan to Pierre Werner, Luxembourg Prime Minister and Finance Minister.
On 19 January 1972, Jean Monnet, President of the Action Committee for the United States of Europe (ACUSE), sends Pierre Werner, Luxembourg Minister of State, President of the Government and Finance Minister, a note by Professor Robert Triffin, monetary specialist for ACUSE, concerning common European action in the monetary field.
In 1972, the European Commission commissions a study group to draw up a report on the possibilities of establishing a European economic and monetary union. In March 1973, the group of experts submits its analysis on the economic integration and monetary unification of Europe.
On 28 June 1973, the Commission of the European Communities submits a report to the Council on the adjustment of short-term monetary support arrangements and the conditions required for the progressive pooling of reserves.
In October 1973, the Magnifico Report is published, following a study conducted by experts appointed by the Commission of the European Communities under the leadership of Professor G. Magnifico. The report, drafted under the aegis of the Commission’s Directorate General for Economic and Financial Affairs, focuses on the issue of European economic integration and monetary unification.
In connection with reflections on European monetary revival, the Committee of Governors of the Central Banks appoints a group of experts chaired by F. Heyvaert (the Heyvaert Group) to analyse the French proposals on the European Unit of Account and to sketch out possibilities for its potential revision. The Heyvaert Group’s report is published on 3 December 1974.
At its sessions of 16 September and 18 November 1974, the Council of the European Communities tasks the Committee of Governors of the Central Banks with studying French proposals on European monetary revival. At the invitation of the Committee of Governors, a group of experts chaired by F. Heyvaert (the Heyvaert Group) looks in turn at the various areas targeted by these proposals and drafts a report, published on 3 December 1974, outlining the possibilities for coordinated action on the Euromarkets.
In 1974, the European Commission signalled its intention to set up a study group to draw up a report on the progress made towards economic and monetary union. On 8 March 1975, the group of experts, known as the study group ‘Economic and Monetary Union 1980’ and chaired by Robert Marjolin, submits its report. This document, called the ‘Marjolin Report’, sets out the main factors that contributed to the Werner Plan being put on hold.
In 1975, Leo Tindemans, Belgian Prime Minister, outlines the circumstances in which he was appointed by his peers at the Paris Summit of 9 and 10 December 1974 to draw up a report on European Union and specifies the aims of this report.
On 29 December 1975, the Belgian Prime Minister, Leo Tindemans, publishes his report on European Union, drawn up on the basis of instructions given by the Nine at the Paris European Council of 9 and 10 December 1974.
On 29 December 1975, Belgian Prime Minister, Leo Tindermans publishes his report on European Union and accompanies it with an official letter in which he describes to his European colleagues the philosophy behind his political project, and expresses his faith in the future of European integration.
On 1 March 1976, George Thomson, Member of the European Commission with special responsibility for regional policy, comments on the Tindemans Report on European Union and outlines the future implications of European integration.
In his memoirs, Leo Tindemans, former Belgian Prime Minister, describes the way in which he prepared his report on European Union during the year 1975, with the help of his staff and following numerous consultations at diplomatic level and with the general public.
In this interview, Leo Tindemans, former Belgian Prime Minister, describes how he was appointed by his peers, at the end of the Paris Summit of 9 and 10 December 1974, to draw up a report on European Union and how he selected the team of people to support him in this task.
On 16 January 1976, the Optica Report 1975 is published (‘Optica’ for ‘Optimum Currency Areas’). This report is the result of a study carried out by experts appointed by the Commission of the European Communities to examine the concept of an optimum currency area in Europe.
On 27 October 1977, Roy Jenkins, President of the European Commission, gives an address at the European University Institute (EUI) in Florence on the establishment of a European monetary union. He presents it as the surest way of reviving economic growth and combating inflation and unemployment.
In 1978, in connection with the ongoing reflection on economic and monetary union, the Commission of the European Communities sets up a group of experts, led by Lord Cromer, to examine the concept of parallel currencies, the question of units of account and the monetary organisation of Europe. The ‘Report of Lord Cromer’s Group’ was officially presented on 1 November 1978.
Plans and studies drawn up after the Werner Report
In his editorial of 4 October 1979, Emanuele Gazzo, Editor-in-Chief of Agence Europe, expresses satisfaction at the proposals contained in the Spierenburg Report relating, in particular, to strengthening the position of the Commission within the Community institutional system.
In his editorial of 5 October 1979, Emanuele Gazzo, Editor-in-chief of Agence Europe, summarises the main porposals contained in the Spierenburg Report relating, in particular, to the operation of the European Commission and the internal reorganisation of its services.
On 21 October 2003, during a lecture on the role and action of Pierre Werner in the establishment of economic and monetary union, Hans Tietmeyer, former deputy in the Werner Group, outlines the historical stages in the monetary integration of Europe.
On 19 March 1976, the Directorate General for Economic and Financial Affairs of the Commission of the European Communities drafts an internal note on the issues relating to the proposals for a parallel European currency.
On 10 December 1976, the General Secretariat of the Council of the European Union drafts a summary outlining the main stances adopted on the subject of economic and monetary union at European Summits and Councils, thereby providing an overview of the various political approaches.
In April 1977, a group of experts appointed by the Commission of the European Communities and chaired by Donald MacDougall presents the first volume of its report on the role of public finance in European integration.
In April 1977, a group of experts appointed by the Commission of the European Communities and chaired by Donald MacDougall presents the second volume of its report on the role of public finance in European integration.