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The Path to European Economic and Monetary Union (Paperback, Softcover reprint of the original 1st ed. 1997)
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The Path to European Economic and Monetary Union (Paperback, Softcover reprint of the original 1st ed. 1997)
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Sir Alan Walters ex-chief economic advisor to PM Margaret Thatcher
Whether it succeeds or fails, Europe is everyone's concern. The
idea of a united Europe has been entertained, even partially at
least, achieved, inter alia, CharlemagI e, Napoleon, Hitler, and in
our da)' by Spaak, Monet and Chancellor Kohl: the first three by
military conquest, the last three by "negotiation" and the creation
of integrating institutional arrangements. The motives varied from
the twisted paranoia of the Nazis to the idealism of
SpaaklMonet/Kohl in avoiding conflicts and wars. Under the
protection of NATO the European Coal and Steel Community soon was
transformed into the EEC by the 1957 Treaty of Rome. The massive
reduction of trade barriers, particularly between France and
Germany, was rewarded by vigorous growth over the next 15 years.
Even as late as 1972, when Britain acceeded to the Treaty of Rome,
the EEC was thought to be lar ely a customs union: in de Gaulle
eyes the EEC was simply a collection of sovereISJ: l states who
cooperated primarily on trade. Each state however enjoyed a veto;
deCIsions had to be unanimous.
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