Get A Europe Made of Money: the emergence of the European PDF

By Emmanuel Mourlon-Druol

A Europe made from Money is a brand new historical past of the making of the eu financial method (EMS), according to huge archive study. Emmanuel Mourlon-Druol highlights long term procedures within the financial and fiscal negotiations within the decade major as much as the founding of the EMS in 1979. the 1st is a transnational studying method regarding a strong, networked ecu financial elite that formed a behavior of cooperation between technocrats. the second one stresses the significance of the eu Council, which held usual conferences among heads of presidency starting in 1974, giving EEC legitimacy to financial tasks that had formerly concerned semisecret and bilateral negotiations. The interplay of those gains replaced the EMS from a pretty trivial piece of administrative company to a enormously vital political agreement.

The inception of the EMS used to be greeted as one of many landmark achievements of local cooperation, a massive step forward within the construction of a unified Europe. but Mourlon-Druol's account stresses that the EMS is way greater than successful tale of economic cooperation. The technical feedback made by way of its architects display how nation elites conceptualized the bigger venture of integration. And their financial coverage turned a marker for the perception of ecu id. the revealing of the EMS, Mourlon-Druol concludes, represented the convergence of fabric pursuits and symbolic, identity-based concerns.

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A Europe Made of Money: the emergence of the European Monetary System (Cornell Studies in Money) by Emmanuel Mourlon-Druol


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