By Emmanuel Mourlon-Druol
A Europe made up of Money is a brand new historical past of the making of the eu financial process (EMS), in keeping with huge archive study. Emmanuel Mourlon-Druol highlights long term methods within the financial and monetary negotiations within the decade prime as much as the founding of the EMS in 1979. the 1st is a transnational studying procedure related to a robust, networked eu financial elite that formed a behavior of cooperation between technocrats. the second one stresses the significance of the eu Council, which held ordinary 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 good points replaced the EMS from a reasonably trivial piece of administrative enterprise to a enormously very important political agreement.
The inception of the EMS was once greeted as one of many landmark achievements of neighborhood cooperation, an immense 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 monetary cooperation. The technical feedback made by way of its architects demonstrate how kingdom elites conceptualized the bigger undertaking of integration. And their financial coverage turned a marker for the notion of ecu identification. the revealing of the EMS, Mourlon-Druol concludes, represented the convergence of fabric pursuits and symbolic, identity-based concerns.
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Additional info for A Europe Made of Money: the emergence of the European Monetary System (Cornell Studies in Money)
A Europe Made of Money: the emergence of the European Monetary System (Cornell Studies in Money) by Emmanuel Mourlon-Druol