Monetary Policy in Europe after Maastricht

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What shape will Europe’s future take? Can the full economic and monetary union envisaged for the end of the century be achieved? Is Maastricht the right way forward? In this book, Nolling subjects the Treaty to a dispassionate and searching scrutiny. He concludes that the attempt to achieve monetary union within such a short space of time is fraught with dangers, and unlikely to advance Europe’s economic and political fortunes. Maastricht could well fail. And what then? Nolling argues that there are other ways forward and in this book he suggests a number of realistic alternatives.