Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-wg55d Total loading time: 0 Render date: 2024-05-18T10:54:45.037Z Has data issue: false hasContentIssue false

15 - History’s lessons from the single market and the Maastricht years?

Published online by Cambridge University Press:  22 December 2023

Erik Jones
Affiliation:
European University Institute, Florence and The Johns Hopkins University, Maryland
Get access

Summary

Analysts and observers of social and political change sometimes have difficulty separating enthusiasms from science. This has been particularly the case in the brief history of European integration. The high hopes of the initial common market years gave way to numerous worries in the 1970s. This moment was followed by renascent European energy, led by Commission activism, around the single market and Maastricht treaty. Many observers then concluded that Europe's growing pains had given way to forwards movement, a judgement that deeply marked scholarly thinking. By the mid-1990s, however, it seemed that this might not be the case. As time went on, it became clearer that what had been greeted as a golden age was really a moment of transition toward significant changes in the EU's constitution that brought their own problems. This essay briefly discusses the golden age and the less golden transition that followed.

From Eurosclerosis to Euro-optimism

By the late 1970s, many observers had written off the EC as a noble but stagnating experiment. Europe's postwar boom had ended in high inflation, low growth, and high unemployment, leading member states to protect their national interests in EC decision-making and erect non-tariff barriers threatening the common market. The European Monetary System (EMS), designed to align currencies and avoid competitive devaluations, had instead revealed the Deutschmark's power and spawned member state discontent. The early 1980s then brought “Eurosclerosis”, with the British blocking EC decision-making to win reductions in their budgetary contribution and France's “Mitterrand experiment” crashing and burning.

France's new-found desire for different EC directions and Helmut Kohl's ascension to the German chancellorship renewed Franco-German collaboration, however. The 1984 Fontainebleau European Council reduced the UK's budgetary contribution and brought the British back into the fold, agreed on enlarging to Spain and Portugal, and led to the appointment of Jacques Delors as president of the Commission.

Having been a Euro-parliamentarian and Mitterrand's minister of the economy after 1981, Delors had in-depth knowledge of the challenges. A progressive Catholic “social liberal,” he was familiar with the EC's many unenacted reform plans, aware of the changes underway in the global economy, in touch with progressive business interests, and, above all, convinced that the EC had to renew itself. In his initial speech to the European Parliament in January 1985, Delors proposed a new initiative to build a single market: a “space without borders.”

Type
Chapter
Information
European Studies
Past, Present and Future
, pp. 68 - 72
Publisher: Agenda Publishing
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×