European Union; Economic and Monetary Union; Pierre Werner; Luxembourg; The Werner Report; The Werner Committee; The Hague Summit; Economists vs Monetarists; Consensus; European Single Currency; Jean Monnet; Robert Triffin
Abstract :
[en] The Werner Committee's work was characterised by political and doctrinal differences between “economists” (the countries with weak currencies – France, Belgium and, to a certain extent, Italy) and “monetarists” (the countries with strong currencies – Germany and the Netherlands)– namely, those who saw monetary integration as a means of economic integration and those for whom it was the ultimate goal. The conflict was ultimately resolved by the adoption of a parallel approach between economic cooperation and monetary coordination in the Member States, a principle of equilibrium on the basis of which Pierre Werner was able to secure a consensus.
This paper makes extensive use of Pierre Werner’s previously unpublished archives and a collection of original oral history accounts with key players of European monetary integration. An interdisciplinary approach, together with digital methodologies (network analysis and the TXM corpus analysis framework), will be used to explore the negotiations within the Werner Committee by examining the dynamics between group members, their emerging views on EMU, their political commitment to a European currency, the similarities and differences between their ideas, their personal networks, the influence of their respective countries, their theoretical and methodological input and their contribution to the political agreement.
Research center :
- Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI)
Disciplines :
Arts & humanities: Multidisciplinary, general & others History Economic systems & public economics International economics General economics & history of economic thought Political science, public administration & international relations
Author, co-author :
Danescu, Elena ; University of Luxembourg > Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History
Language :
English
Title :
Network diplomacy in shaping European economic and monetary integration in the 1970s
Publication date :
09 March 2022
Event name :
European University Institute Florence - Research Colloqium
Event organizer :
EUI Florence, History Department Research Colloquium organized by Nicolas Guilhot and Lauren Kassell
Fernand Braudel Senior Fellowship in International Relations
Funders :
European University Institute, Florence
Commentary :
NETWORK DIPLOMACY IN SHAPING EUROPEAN ECONOMIC AND MONETARY INTEGRATION IN THE 1970s
by Elena Danescu (Fernand Braudel Fellow and University of Luxembourg)
Wednesday, 9th March 2022, 17:00, Sala del Consiglio, Villa Salviati (hybrid mode)
Lecture in the framework of the History Department Research Colloquium organized by Nicolas Guilhot and Lauren Kassell