By Emmanuel Mourlon-Druol
A Europe made from Money is a brand new historical past of the making of the ecu financial process (EMS), in keeping with wide archive examine. Emmanuel Mourlon-Druol highlights long term procedures within the financial and fiscal 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 ecu financial elite that formed a behavior of cooperation between technocrats. the second one stresses the significance of the eu Council, which held normal conferences among heads of presidency starting in 1974, giving EEC legitimacy to financial projects that had formerly concerned semisecret and bilateral negotiations. The interplay of those beneficial properties replaced the EMS from a pretty trivial piece of administrative enterprise to a drastically very important political agreement.
The inception of the EMS was once greeted as one of many landmark achievements of neighborhood cooperation, a tremendous 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 show how nation elites conceptualized the bigger venture of integration. And their financial coverage turned a marker for the notion of eu identification. the revealing of the EMS, Mourlon-Druol concludes, represented the convergence of fabric pursuits and symbolic, identity-based concerns.
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Extra 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