25 years after the Delors Report: what lessons for economic and monetary union?

In April 1989, a 'Committee for the Study of Economic and Monetary Union', chaired by the then President of the Commission, Jacques Delors, and including all 12 EC central bank governors, published a Report that set the basis of the current Economic and Monetary Union.

25 years after its publication, what lessons can be drawn by looking backward to the Delors Report?

This policy paper by Henrik Enderlein and Eulalia Rubio aims to answer this question by confronting the proposals contained in the Delors Report with what was finally agreed in Maastricht, and assessing both in the light of current debates on EMU governance.

Committee for the Study of Economic and Monetary Union: Report on Economic and Monetary Union in the European Community, 1989 http://ec.europa.eu/economy_finance/publications/publication6161_en.pdf

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