IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v39y2019i2p328-343id39.html
   My bibliography  Save this article

Historical errors in the initial conception of the euro and its subsequent development

Author

Listed:
  • David Ramiro Troitiño
  • Karoline Faerber

Abstract

In 1992, the European Council launched the economic and monetary union (EMU). The inception of the euro followed in 1999. Ever since, the EMU has experienced severe malfunctions, not least during the recent Eurozone crisis of 2010. To understand the current Eurozone (EZ) conundrum, it is necessary to analyse the circumstances under which the EMU was designed. Throughout its development, former French President François Mitterrand proved to be a central figure due to his ability to influence the European integration process. Against the back of German reunification, Mitterrand succeeded in obtaining the creation of an EMU from Germany. However, he thereafter failed to prevent the same union from being shaped according to the German model. This contribution argues that Mitterrand’s inability to form the EMU according to his own ideals partly explains the structural failures of the EZ. JEL Classification: F5.

Suggested Citation

  • David Ramiro Troitiño & Karoline Faerber, 2019. "Historical errors in the initial conception of the euro and its subsequent development," Brazilian Journal of Political Economy, Center of Political Economy, vol. 39(2), pages 328-343.
    • Handle: RePEc:ekm:repojs:v:39:y:2019:i:2:p:328-343:id:39
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/39/34
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Euro; eurozone; eurozone crisis; European Monetary Union; François Mitterrand;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:39:y:2019:i:2:p:328-343:id:39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.