VL IB: European Policy Making

History of European Integration

What happened in the period of "Eurosclerosis" (70-84)?

  • It was a period of Stagnation of the European Integration process
  • By 70s: no substantial Progress towards common market
  • Werner Report 1970: three-stage process for the full implementation of Economic and Monetary Union (EMU) until 1980
  • Also: rapidly growing unemployment and inflation

Diskussion