British Opposition

André Szász
Additional contact information
André Szász: Dutch Central Bank

Chapter 13 in The Road to European Monetary Union, 1999, pp 120-129 from Palgrave Macmillan

Abstract: Abstract The Delors Report received considerable attention in the international press. For some time it dominated the discussion on European integration, in particular during the run up to the European Council Meeting due to take place in Madrid in June 1989. Feelings in member states were mixed. In France, there was a feeling— shared by Finance Minister Bérégovoy—that the report, with its emphasis on price stability and an independent European Central Bank, reflected the German view too much. In Germany there was also uneasiness—shared by Finance Minister Gerhard Stoltenberg as well as at the Bundesbank—since it was doubted whether member states really agreed on the principles laid down in the report, while the report could nevertheless turn out to be a major step towards EMU. Yet the objective of EMU itself was neither really contested in these countries, nor in most other member states. This was different in the United Kingdom. Here the government was adamantly opposed to Economic and Monetary Union, but it realised that development towards it was gathering momentum. In plotting its course to counter this development, Britain was hampered not only by its isolated position, but also by deep divisions within the Cabinet; from now on Europe was becoming a focus for discord within the ruling Conservative Party which would dominate it in future years.

Keywords: Member State; Prime Minister; European Council; Finance Minister; European Monetary (search for similar items in EconPapers)
Date: 1999
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:978-0-230-59947-5_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230599475

DOI: 10.1057/9780230599475_13

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 ().