Journey to Permanent Union

Brendan Brown

Chapter 4 in Euro on Trial, 2004, pp 97-137 from Palgrave Macmillan

Abstract: Abstract A paradox in the process of monetary union is that it started with President de Gaulle sending Raymond Barre to Brussels in summer 1967 (as a vice-president of the European Commission). De Gaulle was an opponent of European federalism. He viewed with suspicion all granting of power to European supranational institutions, of which the not-yet-conceived European Central Bank would have been a prime example. He was in favour of European integration that took the form of direct intergovernmental co-operation in which the Bonn—Paris axis would call the shots. Such had been the design of the so-called Fouchet Plan (aimed at co-operation in foreign policy and defence matters) that the general had backed without success at the start of the 1960s (having become president of France in 1958).

Keywords: Exchange Rate; Monetary Policy; Central Banker; Monetary Union; European Monetary Union (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50859-0_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230508590

DOI: 10.1057/9780230508590_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().