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The Road To MaastrichtNegotiating Economic and Monetary Union$
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Kenneth Dyson and Kevin Featherstone

Print publication date: 1999

Print ISBN-13: 9780198296386

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829638X.001.0001

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German Strategy for the IGC

German Strategy for the IGC

(p.370) 9 German Strategy for the IGC
The Road To Maastricht

Kenneth Dyson (Contributor Webpage)

Kevin Featherstone (Contributor Webpage)

Oxford University Press

The influences on German negotiating positions are examined from the preparation for the IGC through to the end game. The focus is on Kohl, Waigel, Köhler, and Lautenschlager, as well as what happened inside the Bundesbank. A key question is why the German government accepted irreversibility at Maastricht. The Franco–German relationship emerges as central to the negotiations, along with Kohl's determination to save the treaty. German negotiators had to learn to trust the French, to move beyond coronation theory, and to pacify German public opinion by ensuring that the single currency was at least as stable as the D‐mark.

Keywords:   Bundesbank, coronation theory, France, Germany, irreversibility, Helmut Kohl, Horst Köhler, Hans‐Werner Lautenschlager, single currency, Theo Waigel

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