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The Road To MaastrichtNegotiating Economic and Monetary Union$
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Kenneth Dyson and Kevin Featherstone

Print publication date: 1999

Print ISBN-13: 9780198296386

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829638X.001.0001

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Conclusions and Reflections

Conclusions and Reflections

(p.746) 17 Conclusions and Reflections
The Road To Maastricht

Kenneth Dyson (Contributor Webpage)

Kevin Featherstone (Contributor Webpage)

Oxford University Press

This chapter considers what can be learnt from the EMU negotiations and why an EMU agreement was possible. It looks at the nature and patterns of coalition building. It also examines the EMU negotiations in the context of European integration theories and outlines the theoretical implications of the study. Finally, it identifies the key problems in the Maastricht agreement, especially the risk of being locked into a politics of deflation in the context of imperfect legitimation.

Keywords:   coalition building, deflation, EMU, European integration, legitimacy, Maastricht Treaty, negotiation

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