THE ROLE OF THE DELORS COMMITTEE IN THE PROCESS OF CREATING THE EUROPEAN ECONOMIC AND MONETARY UNION

Iuliana Marina Candea and Moise Candea

Revista Economica, 2012, vol. Supplement, issue 3, 101-106

Abstract: The aim of thispaper is tostudy the role ofthe DelorsCommittee (the committee which conducted the Economic and Monetary Union (EMU) project, later included in the Treaty of Maastricht) in the creation of EMU. The international and institutional contextof the early to mid-1980s, characterized by a European Economic Community (EEC) of 12 Member States, a successful European Monetary System (EMS) and an obvious sign of optimism following the success of the Single European Act and the perspective of achieving the single market isextremelyimportant forunderstandingwhy the DelorsCommittee was entrustedthe task ofproposingconcrete stepsfor completing the creation of EMU at this very moment. The research methodology refers to the analysis of the institutional and international context of the early to mid-1980s, which reveals the concrete role of the Delors Committee, as well as the analysis of the extent to which the Delors Committee meets the conditions of the definition of the concept of epistemic community.

Date: 2012
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