Chapter

The Political Problem of Reconciling Domestic and International Interests in EMU: The Legacy of Schiller and Schmidt

Kenneth Dyson and Kevin Featherstone

in The Road To Maastricht

Published in print October 1999 | ISBN: 9780198296386
Published online November 2003 | e-ISBN: 9780191599125 | DOI: http://dx.doi.org/10.1093/019829638X.003.0008
 The Political Problem of Reconciling Domestic and International Interests in EMU: The Legacy of Schiller and Schmidt

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EMU is situated in the context of the legacies of Schiller (especially coronation theory) and of Schmidt (the creation of the EMS). Schmidt's leadership style is examined with reference to the Bundesbank, especially Emminger and the ordo‐liberals. The failure to launch the second stage of the EMS in 1982 is also considered.

Keywords: Bundesbank; coronation theory; Ottmar Emminger; EMS; leadership; ordo‐liberalism; Helmut Schmidt; Karl Schiller

Chapter.  9547 words. 

Subjects: European Union

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