To what extent do you agree with the view that European Monetary Union is a political instrument that makes little difference to European business?
If we look at Europe in the view of the years from the Second World War, it is hard to believe that such changes occurred during this time. Euro-single currency is a product of the yet unfinished integration process. How was the European Monetary Union created and why is there over 316 million people currently using euro as their currency? What is the role of EMU as a political instrument? And finally, does this instrument make a difference to business in Europe? The way to achieve euro was long, full of controversy and was a hard economic adjustment. We can actually say: three times a charm…
The first try to achieve full economic and monetary union by 1980 was the Werner plan but it failed. The second attempt to reach it was the launching of the European Monetary System in 1979. Finally, in December 1991 the European Council......
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