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BACKGROUND TO EMU  1970: Werner Report  1979: European Monetary System  1989: Delors Report  1992: Maastricht Treaty  1996: Stability and.

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Presentation on theme: "BACKGROUND TO EMU  1970: Werner Report  1979: European Monetary System  1989: Delors Report  1992: Maastricht Treaty  1996: Stability and."— Presentation transcript:

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7 BACKGROUND TO EMU  1970: Werner Report  1979: European Monetary System  1989: Delors Report  1992: Maastricht Treaty  1996: Stability and Growth Pact  1998: European Central Bank  1999: Single currency  2002: Euro in circulation

8 History of EMU 1970 The Werner Report 1979 European Monetary System (EMS) 1988 Delors Report 1992 Maastricht Treaty (Treaty of the European Union) 1997 Stability and Growth Pact 1998 European Central Bank comes into existence 1999 single currency 2002 euro in circulation and legal tender

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