Pierre Werner et l’Europe : pensée, action, enseignements – Pierre Werner and Europe: His Approach, Action and Legacy
Edited By Elena Danescu and Susana Muñoz
The centenary of the birth of Pierre Werner (1913–2013) offered a timely opportunity to reflect on the personality and achievements of this politician from Luxembourg who left his mark on the future of his country and on the European integration process. On 27 and 28 November 2013, some 30 renowned experts and researchers including historians, economists, legal experts and political scientists, together with major players in economic and monetary affairs, assembled in Luxembourg for a conference during which they analysed Pierre Werner’s European vision and offered an international perspective on the relevance of his approach in light of the challenges facing us in the 21
Partie IV. Défis et Perspectives De l’Union économique et Monétaire, Part IV. Challenges and Prospects for Economic and Monetary Union
Partie iv Défis et PersPectives De l’union éconoMique et Monétaire Part iv challenges anD ProsPects for econoMic anD Monetary union 301 Challenges and Prospects for EMU Jean-Claude koEuNE Emeritus Professor at the Université catholique de Louvain Secretary General of Robert Triffin International The challenges are real. They are mostly a result of EMU’s structural incompleteness. And its prospects will largely depend upon our ability to perfect it and to realise Pierre Werner’s vision. Indeed, the Economic and Monetary Union born of the Treaty of Maastricht did not exactly correspond to that vision. The conclusions of the Werner Report in October 1970 clearly stated: B. Economic and monetary union means that the principal decisions of eco- nomic policy will be taken at Community level [my emphasis] and therefore that the necessary powers will be transferred from the national plane to the Community plane. […] D. On the institutional plane, in the final stage, two Community organs are indispensable: a centre of decision for economic policy and a Community system for the central banks.1 Contrast this with the language of the new Article 3a inserted into the Treaty of Rome by the Treaty of Maastricht in February 1992, which vaguely referred to “the adoption of an economic policy which is based on the close coordination of Member States’ economic policies” [my emphasis]. However, transferring powers from the national to the Community plane is easier said than done because, as Lorenzo Bini Smaghi put it in his address at this session, “in...
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