ISBN : 2747544370

ADVOCATING EMU: THE INSTITUTIONAL FAULTLINES OF MONETARY UNION

Mike Mannin



The paper commences with an examination of the nature of European Integration during
the 1990s and locates Economic and Monetary Union (EMU) within the dynamics of
this integration. These cfynamics 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 mqy observe as a metaphor for Europe's unique
brand of regional co-operation. Current institutional deficits are explored with reference to
the accountabiliry and legitimary of the EMU prqject and the Euro's impact on European
integration in the medium term.