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However the idea was too early. First the contract of Bratton Woods had to get in trouble in order to make something going on.
Since the collapse of Bratton Woods in 1971, the gap between normal states and economic powers grew always faster and faster. Soon the first countries crystallized from the rest, which would be the economic superpowers. Since none of the Euro-pean countries was big enough to keep up with economic powers like the United States in a long term view, unity between the different states of Europe became more and more important. If Europe wanted to show that it could be an independent global player, it had to bundle up its forces...
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Common topics in this essay:
- Economic And Monetary Union Of Europe
- Economic and Monetary Union (EMU)
- European Monetary Union
- European Union
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