The Delors Committee's three stage plan for attaining European Economic and Monetary Union has met with heavy criticism and has given rise to various counter-proposals. The following article examines the relative merits and shortcomings of the Delors Plan and the alternative concepts presented...

The question whether European Monetary Union should include all the EC countries from the start or should initially be limited to a few core countries is again being discussed more intensely. What advantages would a small EMU have from an economic point of view? Which countries should be its...

The planned broadening of the common internal market into an economic and monetary union as proposed in the Delors Plan means a significant qualitative leap in the process of European integration, which should ultimately lead to political union in Europe. Is this objective realistic? In what...