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UK Integration into the EMS

This research examines the integration of the United Kingdom ì

(UK) into the European Monetary System (EMS). Background ì

information of the European Community (EC) and its development is ì

provided and the role of the EC in international finance is ì

addressed as a part of this examination.ì

Creation and Evolution of the ECì

The European Economic Community (EEC) was created with the ì

signing of the Treaty of Rome in 1957 by Belgium, France, the ì

Federal Republic of Germany, Italy, Luxembourg, and the ì

1C. Brewin, "The European Community: A Union Of States ì

Without A Union Of Government," Journal of Common Market Studiesô, ì

»  The European Atomic Energy Community (EURATOM) was ì

created at the same time, by the same treaty, and with the same ì

membership (Brewin, 1987). Both the EEC and EURATOM became ì

functioning realities on 1 January 1958. ì

Prior to the creation of the EEC and EURATOM, the European ì

Coal and Steel Community (ECSC) had been created by a treaty ì

signed in Paris in 1951, and became a functional reality on 10 ì

August 1952. The ECSC was the first of the communities, and when ì

it was formed was comprised of the same six member countries that ì

The three communities--the EEC, EURATOM, and the ECSC-- ì

functioned as separate entities until July 1967. Among the three ì

communities, however, there were some common institutions. The ì

executives of the three communities were merged into a single ì

commission on 1 July 1967. Since that time, the goals and ì

objectives of the three communities have been pursued in a ì

= 6 á2 ìècoordinated and cohesive manner, and all of the separate ì

communities have become components of the European Community ì

Th...

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UK Integration into the EMS. (1969, December 31). In LotsofEssays.com. Retrieved 16:35, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1700173.html