On the creation of a European reserve fund
DOI:
https://doi.org/10.13133/2037-3643/11738Keywords:
Monetary integration, Common Market, monetary union, Europe, economic integrationAbstract
The first stages in monetary integration, which is in any event essential to the survival of the Common Market, have already been outlined in a great deal of earlier work by the Commision of the European Communities, and particularly in its 1962 Action Programme and its Memorandum of 12 February to the Council, approved in broad outline by the Monetary Committee on 9 May of that year. The present article presents proposals which repeat, clarify and integrate into a coherent whole, suggestions which have already been sufficiently debated to allow Governments to proceed from discussion to decision and action. The monetary union of the six member states is first dealt with. The author then goes on to consider the entry of Great Britain into the Community.
JEL: E42, F15, F36