Leblond, Patrick - In: Journal of Common Market Studies 42 (2004) 3, pp. 553-572
When the Maastricht Treaty on European Union was finally ratified in 1993, many EU observers and participants expressed serious doubts that economic and monetary union (EMU) would ever take place. Nevertheless, five years later EMU took flight, on 1 January 1999, as planned. It is this puzzle...