Reference : Pierre Werner, A visionary European and Consensus Builder
Parts of books : Contribution to collective works
Social & behavioral sciences, psychology : Multidisciplinary, general & others
Arts & humanities : History
Business & economic sciences : Finance
Business & economic sciences : Macroeconomics & monetary economics
Finance; Law / European Law
Pierre Werner, A visionary European and Consensus Builder
Danescu, Elena mailto [University of Luxembourg > Luxembourg Center for Contemporary and Digital History (C2DH) > >]
Architects of the Euro . Intellectuals in the making of European Monetary Union
Dyson, Kenneth
Maes, Ivo
Oxford University Press
United Kingdom
[en] Economic and Monetary Union ; The Werner Report ; Euro ; Political Union ; Supranational institutions ; Christian Democracy ; Consensus ; Pierre Werner ; Luxembourg in the European Integration process ; Barre;Jenkins; Lamfalussy; Marjolin; Padoa-Schioppa; Poehl; Triffin; Tietmeyer
[en] As prime minister and finance minister of Luxembourg over 30 years, Pierre Werner played a major role in the building of a united Europe. This Christian Democratic intellectual and committed federalist gained strong reputation as a consensus-builder between larger powers (Germany and France) and between diametrically opposed positions (‘economists’ and ‘monetarists’), as well as for his ideas on monetary integration. From early 1950s, Werner advocates a European monetary system based on a currency unit and on a clearing house for central banks. In 1968 he delivered a clear roadmap to EMU founded on a symmetrical economic and monetary union, with political union as the ultimate goal. Werner’s vital input and the ‘effective parallelism’ principle he imagined, were evident in the Werner Report of 1970, which was offered as the blueprint for EMU in the EU. Based on the Werner family archives and original interviews, this chapter highlights Werner’s contribution as architect of EMU in a threefold way: intellectual input, negotiation methods and consensus building.
British Aacademy ; Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI)
British Academy, European Central Bank, National Bank of Belgium, Robert Triffin International Association
Funding Fathers of the Euro
Researchers ; Professionals ; Students ; General public
Who were key figures in the making of European monetary union? Which ideas did they contribute to ensuring that monetary union would be sustainable? How prescient were they in identifying the necessary and sufficient foundations of a sustainable monetary union?

This book provides the first systematic historical examination of key architects of European monetary union in the period before its launch in 1999. Using original archival and interview research, it investigates the intellectual and career backgrounds of these architects, their networking skills, and their own doubts and reservations about the way in which monetary union was being constructed. In the light of the later Euro Area, Architects of the Euro deals critically with not just their contribution to the making of European monetary union but also their legacy. The book brings together a distinguished group of scholars working on the history of Economic and Monetary Union.

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