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The European Monetary Union
Beginning of essay
The advent of the new European Monetary Union (EMU) is quite fascinating. The history that has led up to the events that are occurring today is intriguing as well. History is in the making! The are many details involved in this process. There has never formally been anything like the system tha ....
Middle of essay
....rs, the then President of the European Commission, to study and propose a specific plan leading to this union. The committee was formed by the governors of the EC National Central Banks. The end result was the "Delors Report," a plan of action that economic and monetary union should be realized in three stages.
The European Council decided in June 1989 that the first stage of (EMU) should begin on July 1, 1990. The first stage was to create a work program until the end of 1993 and define ac.... |
| Number of words: 2751 |
Approximate pages: 11 |
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