Suchergebnisse

One of the major research projects currently under way is dedicated to the European vocation and achievements of Pierre Werner, a former Prime Minister, Finance Minister and Foreign Minister of Luxembourg, unanimously recognised as one of the architects of Economic and Monetary Union. The first stage of the research project particularly focuses on the plan for the establishment by stages of an economic and monetary union (more widely known as the Werner Report or the Werner Plan), drawn up by a group of experts chaired by Pierre Werner and officially presented on 8 October 1970 in Luxembourg. The project will then concentrate on the events that subsequently led to Economic and Monetary Union, as seen through the eyes of Pierre Werner and from the perspective of his own contribution; it will also examine a number of issues in which the former Luxembourg Prime Minister was particularly involved, such as the question of the seats of the institutions, the Luxembourg Compromise, the accession of the United Kingdom, and cooperation between the Benelux countries and the Belgo-Luxembourg Economic Union (BLEU). Project Manager: Dr Elena Danescu (elena.danescu@uni.lu)

While the Maastricht Treaty envisages a single European Currency as part of the Economic and Monetary Union, it contains no detailed instructions as to the practical arrangements for its introduction. Despite prolonged discussions and negotiations at various levels, no consensus has so far been achieved on the optimum changeover procedure. This article deals with some of the major challenges in this context.