In the first section, I would like to look at the Delors Committee’s key insights. In the second part, I would like to examine why monetary union began to flounder, and I will then use these conclusions in the third section to develop proposals for strengthening the existing framework.
2  New problems, old questions  A single currency fosters economic relationships between different countries. Yet at the same time, it also increases the dependencies between them. This insight was a recurring theme throughout discussions within the Delors Committee. Their line of thinking was based on the economic policy experiences of the 1970s and 1980s.