Excitement and frustration: the publication of the first ECB “minutes”
The ECB has published its first “minutes” of the Governing Council, following up a promise made last year.
The ECB has published its first “minutes” of the Governing Council, following up a promise made last year.
La crise de la zone euro a révélé les faiblesses constitutives de la monnaie unique ; mais les débats portant sur sa viabilité se limitent trop souvent à une vision purement économique de la zone euro. L’histoire complexe de la création de l’euro éclaire les enjeux financiers et politiques internationaux de l’unification monétaire.
This article explores three central issues of the European Council’s development, from its inception in 1974 until its constitutionalisation in 1986: the need for an approach encompassing globalisation and Europeanisation processes; the need to coordinate Community affairs and political cooperation; and finally the privileged capacity of heads of government to fulfil the two above-mentioned aims.