Monetary Union and Political Union

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe

Published in print December 2000 | ISBN: 9780199241767
Published online November 2003 | e-ISBN: 9780191596742 | DOI:
Monetary Union and Political Union

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics


Show Summary Details


The question of whether European Monetary Union is conceivable in the absence of political union is addressed in the light of the declaration made in 1989 by Nigel Lawson (then the British Chancellor of the Exchequer) that ‘monetary unity would require political union, which is not on the agenda’. It is noted that there are two ways to make this come true. The first is that there are good arguments to substantiate the contention that the European Union is already a political union, and the second is that the vocation of the European Union is to become a political union, and that monetary union is an important part of this process.

Keywords: EMU; European Monetary Union; Nigel Lawson; political union

Chapter.  2293 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.