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Raymond Barre: Modernising France through European Monetary Cooperation
Howarth, David
2016In Dyson, Kenneth; Maes, Ivo (Eds.) Architects of the Euro Intellectuals in the Making of European Monetary Union
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Keywords :
Economic and Monetary Union; European integration; Raymond Barre; France; Liberalism; Capital liberalism; European Monetary System; inflation
Abstract :
[en] The true significance of Barre as an architect of European Economic and Monetary Union should be seen in terms of his economic convictions. They led him - far earlier than most of his compatriots, and against many detractors within French political, policy making and academic circles — to support the three main macro-economic stepping stones to EMU: macro-economic convergence based on low inflation; exchange-rate targeting (through an external exchange-rate regime) to reinforce domestic efforts to bring down inflation; and capital liberalization. As European Commissioner, and then as French prime minister from 1976 to 1981 with a concurrent stint as Finance Minister from 1976-1978, Barre maintained his consistent support for these three policy goals, although without the telos of a single currency by way of official justification. Prior to the Delors Report, Barre never publicly stated his support for the creation of a single European currency emitted by a European central bank. Barre repeatedly claimed that he was a European by conviction, but his Europeanism remained one in which Member States retained control. Barre was no fan of supra-nationalism. Domestic economic concerns and the competitiveness of the French economy were always his priorities.
Disciplines :
Political science, public administration & international relations
Author, co-author :
Howarth, David  ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE)
External co-authors :
no
Language :
English
Title :
Raymond Barre: Modernising France through European Monetary Cooperation
Publication date :
August 2016
Main work title :
Architects of the Euro Intellectuals in the Making of European Monetary Union
Editor :
Dyson, Kenneth
Maes, Ivo
Publisher :
Oxford University Press, Oxford, United Kingdom
ISBN/EAN :
9780198735915
Pages :
Chapter 4
Peer reviewed :
Peer reviewed
Focus Area :
Sustainable Development
Available on ORBilu :
since 26 August 2016

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