Vision, Revisionism, and the Design of EMU
This chapter explores Jacques Delors’ blurred vision of Economic and Monetary Union. It shows how the former central banker, French finance minister, member of the European Parliament, and Commission president was committed to—but vague about—the project of Economic and Monetary Union. It relates this understanding to Delors’ economic and political education, the individuals that exerted the greatest intellectual influence on him, his place within the French political and policy-making tradition, and the institutional context in which his views evolved. Delors’ legacy for EMU—and his evolving views on this project in view of the euro crisis—are also explored.
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