By Emmanuel Mourlon-Druol
A Europe made up of Money is a brand new historical past of the making of the eu financial method (EMS), in line with broad archive examine. Emmanuel Mourlon-Druol highlights long term tactics within the financial and financial negotiations within the decade best as much as the founding of the EMS in 1979. the 1st is a transnational studying strategy regarding 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 general 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 positive aspects replaced the EMS from a reasonably trivial piece of administrative enterprise to a significantly very important political agreement.
The inception of the EMS was once greeted as one of many landmark achievements of nearby cooperation, an important breakthrough within the production of a unified Europe. but Mourlon-Druol's account stresses that the EMS is far greater than a hit tale of economic cooperation. The technical feedback made through its architects demonstrate how country elites conceptualized the bigger venture of integration. And their financial coverage turned a marker for the belief of eu id. the revealing of the EMS, Mourlon-Druol concludes, represented the convergence of fabric pursuits and symbolic, identity-based concerns.
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Additional resources 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