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The Road to Monetary Union in EuropeThe Emperor, the Kings, and the Genies$
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Tommaso Padoa-Schioppa

Print publication date: 2000

Print ISBN-13: 9780199241767

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199241767.001.0001

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After the Storm

After the Storm

Chapter:
(p.181) 12 After the Storm
Source:
The Road to Monetary Union in Europe
Author(s):

Tommaso Padoa‐Schioppa

Publisher:
Oxford University Press
DOI:10.1093/0199241767.003.0013

The concluding essay in the book, written in 1994. It summarizes the factors and events that led to the signing of the Maastricht Treaty in February 1992, and then gives the author's interpretation of events between the late spring of 1992 and early 1994, when the process of ratification and the crisis of the European Monetary System (EMS) interacted so powerfully. The concluding section reflects on the problems of implementing the treaty.

Keywords:   EMS, European Monetary System, implementation, ratification, Treaty of Maastricht

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