On the contrary, it fulfilled a longsought (but not always explicit) goal of the European integration process and was the result of a long journey, full of breakthroughs and setbacks, which continued a gradual monetary integration process. The clearest example of this is the European Monetary System, created in 1979.
7  In following this strategy, we will need to continue grappling with AML and to a lesser extent CFT issues. It is obviously the case that there is dirty money in Latin America.