The paper commences with an examination of the nature of European Integration during the 19902 and locates Economic and Monetary Union (EMU) within the dynamics of this integration. These dynamics are both exogenous and endogenous and contain within them the potential for integration and disintegration, a paradox clearly evident in the notion and application of EMU, that we may observe as a metaphor for Europe's unique brand of regional co-operation. Current institutional deficits are explored with reference to the accountability and legitimacy of the EMU project and the Euro's impact on European integration in the medium term.
|Number of pages||25|
|Publication status||Published - 2003|