The Werner plan was submitted to 1970 by an expert commission under line of the of Luxembourg Prime Minister at that time Pierre Werner. It planned to furnish until 1980 to the European community at that time a monetary union and introduce a uniform currency. The Werner plan was however its time probably too far ahead and failed. Considerably to the fact also it contributed that with the collapse of the Bretton Woods system - by the monetary policy Nixons and the 1971 - which came international currency regulations completely into paging. In a first stage of the Werner plan (January. 1971-Dez.1973) should be strengthened the coordination of the economic policy and also those the money and credit policy. Furthermore the liberalisation of the Kapitalverkerhs should be accelerated. In addition introductory measures intended for the solution of structural and regional problems as well as a harmonization of the taxes were. A core controversy was inflamed between economistists and Monetaristen. First planned to coordinate first the Wirtschaftspolitiken (above all Germany and the Netherlands), the latters aimed at a currency co-ordination (France, Belgium, Luxembourg). The becoming he plan recommended a parallel Vorgehen.Am 22. March 1971 informed itself the advice on the gradual implementation of the WWU (economics and monetary union). As mentioned the entire project failed however because of the catastrophic basic conditions.

Articles in category "Werner plan"

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