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Does EMU need political union?

Must Emu lead to greater political integration? Emu does not necessarily entail more centralisation but could be a catalyst for reform of Europe's institutions

By David Currie   June 1998

The Brussels summit at the start of May confirmed what had been evident for some time: Emu will be launched on 1st January 1999 with 11 participating countries. This confounds the sceptics, who have been forced to switch from saying that Emu will not happen, to arguing that it will not work; and vindicates those of us who have been predicting for several years a full soccer team participation. Now the task for everyone-governments, people, companies -is to understand the implications of Emu. How will it work? How will it influence the future development of the EU? In particular, will…

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