European Union; Economic and Monetary Union; European Integration Process; Luxembourg; Pierre Werner; Euro; Supranational Institutions
Abstract :
[en] In political terms, European integration and multilateral cooperation enabled Luxembourg to become an equal partner in the decision-making processes and leadership of European organizations. In economic terms, these features gave the country the tools it needed to forge a development model that could underpin the creative growth of its social market
economy, while preserving the majority of its vital interests—particularly the steel industry and the financial centre—over the long term. Focusing primarily on the 1970 Werner Report, which served as a blueprint for the European single currency - the euro - the presentation examines a key period in European integration history and one of the major European achievements of Luxembourg and of Pierre Werner (29 December 1913– 24 June 2002), former Prime Minister, Finance Minister and Foreign Minister of Luxembourg, who left his mark on the future of his country and is unanimously recognised as one of the architects of Economic and Monetary Union.
Research center :
Alexandru Ioan Cuza University, Iasi, Romania Faculty of Economics and Business Administration, Iasi, Romania University of Luxembourg - Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI) EU-PAIR EU Public Administration Integration and Resilience Studies, University Iasi, Romania
Disciplines :
International economics General economics & history of economic thought Arts & humanities: Multidisciplinary, general & others History Political science, public administration & international relations Macroeconomics & monetary economics
Author, co-author :
Danescu, Elena ; University of Luxembourg > Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History
Language :
English
Title :
Luxembourg and the creation of the European single currency - Lessons from the History
Publication date :
15 April 2022
Number of pages :
23
Event name :
Building European Administrative Area. Key Features and Boundaries
Event organizer :
Alexandru Ioan Cuza University, Iasi, Romania Faculty of Economics and Business Administration, Iasi, Romania Luxembourg Centre for Contemporary and Digital History - Contemporary European History Erasmus Plus Programme of the European Union
EU-PAIR EU Public Administration Integration and Resilience Studies, ERASMUS-JMO-2021- HAI-TCH-RSCH-101047526
Funders :
CE - Commission Européenne [BE]
Commentary :
The workshop” Building European Administrative Area. Key Features and Boundaries” focused on the role of Luxembourg in shaping and implementing the single European currency and the vision of Pierre Werner (1913–2022) that exceed the boundaries of economic, historical, and political arguments and inspired the new dimensions of Europe through economic and monetary integration. The role of Pierre Werner in building a united Europe with a strong monetary union and defining this as the long-term goal is remarkable. In this regard, the invited speaker, Dr Elena Dănescu (Research Scientist at the Luxembourg Centre for Contemporary and Digital History, University of Luxembourg) will give a presentation about Luxembourg and Pierre Werner’s contribution to economic and monetary integration in the EU.
