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| Title |
'Monetary union requires the EC to sign a new Treaty similar to the Single Act, says the Delors report' from El País
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| Document type |
Press article
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| Source |
MONTEIRA, Félix, La unión monetaria exige a la CE firmar un nuevo tratado similar al Acta Única, según el 'informe Delors', in El País. 18.04.1989. Translated by the CVCE.
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| Keywords |
Delors Plan, Economic and Monetary Union
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| Copyright |
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| Caption |
On 18 April 1989, the Spanish daily newspaper El País analyses the impact of the economic and monetary union (EMU) propounded by Jacques Delors, President of the European Commission, on the functioning of the European Communities.
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| Location in the digital library |
HISTORICAL EVENTS >> 1987–1997 The European Union in a Europe in the throes of change >> Towards Economic and Monetary Union (EMU) >> The Delors Report
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| Document extract |
TOWARDS THE CONSOLIDATION OF THE EUROPEAN COMMUNITY Monetary union requires the EC to sign a new Treaty similar to the Single Act, says the Delors report
Félix Monteira, Special correspondent — Luxembourg A new EC Treaty on a par with the Single Act is an absolute prerequisite for monetary union, says the report drawn up by the Committee of Wise Men which is to be presented to the EC summit on 26 and 27 June in Madrid. The President of the European Commission, Jacques Delors, yesterday said in Luxembourg that achieving monetary union will be possible only if the convergence of the economies of the 12 EC countries is a parallel process. Although the report talks of three stages for attaining the final objective, no specific dates have been laid down for them, and approval of what will be an irreversible process remains subject to the political decision of the Heads of State and of Government of the Twelve. The President of the European Commission, Jacques Delors, yesterday presented the report on economic and monetary union which has been drafted by the Committee of 17 experts appointed at the Hanover summit in June last year, and which finished its work last Wednesday in Basel. The main value of the document, in the opinion of Delors and the Spanish Minister for the Economy, is that it is ‘realistic’ because the fact that it wa (...) Read more in ENA |
| See also |
The first stage of Economic and Monetary Union
Danish Government's official report on EMU (Copenhagen, 27 November 1989)
The intergovernmental negotiations
Towards Economic and Monetary Union
Parliamentary debates in the House of Commons on the outcome of the Madrid European Council (29 June 1989)
The Delors Report
List of members of the Delors Committee
Speech by Peter Shore on the Delors Report (Bruges, 24 July 1990)
Conclusions of the Hanover European Council: excerpt on Monetary Union (27 and 28 June 1988)
Parliamentary debates in the House of Commons on the outcome of the Strasbourg European Council (12 December 1989)
Address given by John Major on Economic and Monetary Union (London, 2 November 1989)
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