A few days ago
Anonymous

What was the name of the report given in 1988 that established the plan for EMU?

What was the name of the report given in 1988 that established the plan for EMU?

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A few days ago
William R

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The debate on EMU was fully re-launched at the Hanover Summit in June 1988, when an ad hoc committee of the central bank governors of the twelve member states, chaired by the President of the European Commission, Jacques Delors, was asked to propose a new timetable with clear, practical and realistic steps for creating an economic and monetary union.

The Delors report of 1989 set out a plan to introduce the EMU in three stages and it included the creation of institutions like the European System of Central Banks (ESCB), which would become responsible for formulating and implementing monetary policy.

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