An evaluation of the European Economic and Monetary Union in the light of Delors Report

Abstract

This research analyzes the European Econosic and Monetary Union in the light of Delors Report and it consists of two main parts. The first part of the thesis summarizes the Delors Report . In the first section ,in Part I, the past and present developments in the economic and monetary integration of the European Community is briefly discussed in chronological order. In the second section the principle features of both an economic and monetary union is studied separetely and finally the points of the Delors three stage plan is given in the third section. In Part II, an evaluation of European Economic and Monetary Union is given in the light of Delors Stages and it is concluded that it is inappropriate to schedule the later phases of European Economic and Monetary Union prior to gaining experience from implementation of the previous phases.