HomeDLSU Business & Economics Reviewvol. 5 no. 1 (1993)

Macroeconomic Adjustments in Transition to a European Monetary Union

Edylinda Annette O. Balaoing

Discipline: Economics



Having surpassed the difficult test of completing the process leading to a Single Market, the European Community felt able and ready to face the real acid test of integration: the establishment of a Monetary Union. The Maastricht Treaty of February 1992 has outlined the stages and provisions to which the EC would have a single European currency and attain full economic and monetary union by the end of the decade.