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The Single European Currency in National Perspective pp 58–86Cite as

Palgrave Macmillan

France: Economic and Monetary Union and the Social Divide

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Abstract

France has played both a pivotal and a contrapuntal role in the development of the European Community (EC) and Economic and Monetary Union (EMU). Initiators of the European communities, the French were also the strongest dissenters from the market direction they took. With strong Gaullist and Communist parties, the French were sceptical of both the supranationalism and economic liberalism of the 1957 Treaty of Rome. European integration could only go so far as France, the dissenting partner, wanted. The turnabout of French policy under François Mitterrand in 1982–83, from nationalization and Keynesian reflation to deflation and competitive markets, provided the thrust for the completion of the European single market and creation of the single currency in 1992.

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Authors
  1. Bernard H. Moss
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Editors and Affiliations

  1. Institute of European Studies, London, UK

    Bernard H. Moss (Associate) (Associate)

  2. Birkbeck College, University of London, UK

    Jonathan Michie (Professor of Management) (Professor of Management)

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© 2000 Bernard H. Moss

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Moss, B.H. (2000). France: Economic and Monetary Union and the Social Divide. In: Moss, B.H., Michie, J. (eds) The Single European Currency in National Perspective. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-62795-0_4

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