CINXE.COM

<!DOCTYPE html> <html class="client-nojs vector-feature-language-in-header-enabled vector-feature-language-in-main-page-header-disabled vector-feature-sticky-header-disabled vector-feature-page-tools-pinned-disabled vector-feature-toc-pinned-clientpref-1 vector-feature-main-menu-pinned-disabled vector-feature-limited-width-clientpref-1 vector-feature-limited-width-content-enabled vector-feature-custom-font-size-clientpref-1 vector-feature-appearance-pinned-clientpref-1 vector-feature-night-mode-enabled skin-theme-clientpref-day vector-toc-available" lang="en" dir="ltr"> <head> <meta charset="UTF-8"> <title>Delors Committee - Wikipedia</title> <script>(function(){var className="client-js vector-feature-language-in-header-enabled vector-feature-language-in-main-page-header-disabled vector-feature-sticky-header-disabled vector-feature-page-tools-pinned-disabled vector-feature-toc-pinned-clientpref-1 vector-feature-main-menu-pinned-disabled vector-feature-limited-width-clientpref-1 vector-feature-limited-width-content-enabled vector-feature-custom-font-size-clientpref-1 vector-feature-appearance-pinned-clientpref-1 vector-feature-night-mode-enabled skin-theme-clientpref-day vector-toc-available";var cookie=document.cookie.match(/(?:^|; )enwikimwclientpreferences=([^;]+)/);if(cookie){cookie[1].split('%2C').forEach(function(pref){className=className.replace(new RegExp('(^| )'+pref.replace(/-clientpref-\w+$|[^\w-]+/g,'')+'-clientpref-\\w+( |$)'),'$1'+pref+'$2');});}document.documentElement.className=className;}());RLCONF={"wgBreakFrames":false,"wgSeparatorTransformTable":["",""],"wgDigitTransformTable":["",""],"wgDefaultDateFormat":"dmy", "wgMonthNames":["","January","February","March","April","May","June","July","August","September","October","November","December"],"wgRequestId":"24ddb492-3e55-47ae-a5db-84a16cfbdeda","wgCanonicalNamespace":"","wgCanonicalSpecialPageName":false,"wgNamespaceNumber":0,"wgPageName":"Delors_Committee","wgTitle":"Delors Committee","wgCurRevisionId":1202923284,"wgRevisionId":1202923284,"wgArticleId":75381628,"wgIsArticle":true,"wgIsRedirect":false,"wgAction":"view","wgUserName":null,"wgUserGroups":["*"],"wgCategories":["Articles with short description","Short description with empty Wikidata description","Economy of the European Union","Monetary policy of the European Union","History of the European Union","Euro"],"wgPageViewLanguage":"en","wgPageContentLanguage":"en","wgPageContentModel":"wikitext","wgRelevantPageName":"Delors_Committee","wgRelevantArticleId":75381628,"wgIsProbablyEditable":true,"wgRelevantPageIsProbablyEditable":true,"wgRestrictionEdit":[],"wgRestrictionMove":[], "wgNoticeProject":"wikipedia","wgCiteReferencePreviewsActive":false,"wgFlaggedRevsParams":{"tags":{"status":{"levels":1}}},"wgMediaViewerOnClick":true,"wgMediaViewerEnabledByDefault":true,"wgPopupsFlags":0,"wgVisualEditor":{"pageLanguageCode":"en","pageLanguageDir":"ltr","pageVariantFallbacks":"en"},"wgMFDisplayWikibaseDescriptions":{"search":true,"watchlist":true,"tagline":false,"nearby":true},"wgWMESchemaEditAttemptStepOversample":false,"wgWMEPageLength":10000,"wgRelatedArticlesCompat":[],"wgCentralAuthMobileDomain":false,"wgEditSubmitButtonLabelPublish":true,"wgULSPosition":"interlanguage","wgULSisCompactLinksEnabled":false,"wgVector2022LanguageInHeader":true,"wgULSisLanguageSelectorEmpty":false,"wgWikibaseItemId":"Q17049951","wgCheckUserClientHintsHeadersJsApi":["brands","architecture","bitness","fullVersionList","mobile","model","platform","platformVersion"],"GEHomepageSuggestedEditsEnableTopics":true,"wgGETopicsMatchModeEnabled":false, "wgGEStructuredTaskRejectionReasonTextInputEnabled":false,"wgGELevelingUpEnabledForUser":false};RLSTATE={"ext.globalCssJs.user.styles":"ready","site.styles":"ready","user.styles":"ready","ext.globalCssJs.user":"ready","user":"ready","user.options":"loading","ext.cite.styles":"ready","skins.vector.search.codex.styles":"ready","skins.vector.styles":"ready","skins.vector.icons":"ready","ext.wikimediamessages.styles":"ready","ext.visualEditor.desktopArticleTarget.noscript":"ready","ext.uls.interlanguage":"ready","wikibase.client.init":"ready","ext.wikimediaBadges":"ready"};RLPAGEMODULES=["ext.cite.ux-enhancements","mediawiki.page.media","site","mediawiki.page.ready","mediawiki.toc","skins.vector.js","ext.centralNotice.geoIP","ext.centralNotice.startUp","ext.gadget.ReferenceTooltips","ext.gadget.switcher","ext.urlShortener.toolbar","ext.centralauth.centralautologin","mmv.bootstrap","ext.popups","ext.visualEditor.desktopArticleTarget.init","ext.visualEditor.targetLoader", "ext.echo.centralauth","ext.eventLogging","ext.wikimediaEvents","ext.navigationTiming","ext.uls.interface","ext.cx.eventlogging.campaigns","ext.cx.uls.quick.actions","wikibase.client.vector-2022","ext.checkUser.clientHints","ext.quicksurveys.init","ext.growthExperiments.SuggestedEditSession","wikibase.sidebar.tracking"];</script> <script>(RLQ=window.RLQ||[]).push(function(){mw.loader.impl(function(){return["user.options@12s5i",function($,jQuery,require,module){mw.user.tokens.set({"patrolToken":"+\\","watchToken":"+\\","csrfToken":"+\\"}); }];});});</script> <link rel="stylesheet" href="/w/load.php?lang=en&modules=ext.cite.styles%7Cext.uls.interlanguage%7Cext.visualEditor.desktopArticleTarget.noscript%7Cext.wikimediaBadges%7Cext.wikimediamessages.styles%7Cskins.vector.icons%2Cstyles%7Cskins.vector.search.codex.styles%7Cwikibase.client.init&only=styles&skin=vector-2022"> <script async="" src="/w/load.php?lang=en&modules=startup&only=scripts&raw=1&skin=vector-2022"></script> <meta name="ResourceLoaderDynamicStyles" content=""> <link rel="stylesheet" href="/w/load.php?lang=en&modules=site.styles&only=styles&skin=vector-2022"> <meta name="generator" content="MediaWiki 1.44.0-wmf.4"> <meta name="referrer" content="origin"> <meta name="referrer" content="origin-when-cross-origin"> <meta name="robots" content="max-image-preview:standard"> <meta name="format-detection" content="telephone=no"> <meta property="og:image" content="https://upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/1200px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg"> <meta property="og:image:width" content="1200"> <meta property="og:image:height" content="805"> <meta property="og:image" content="https://upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/800px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg"> <meta property="og:image:width" content="800"> <meta property="og:image:height" content="537"> <meta property="og:image" content="https://upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/640px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg"> <meta property="og:image:width" content="640"> <meta property="og:image:height" content="429"> <meta name="viewport" content="width=1120"> <meta property="og:title" content="Delors Committee - Wikipedia"> <meta property="og:type" content="website"> <link rel="preconnect" href="//upload.wikimedia.org"> <link rel="alternate" media="only screen and (max-width: 640px)" href="//en.m.wikipedia.org/wiki/Delors_Committee"> <link rel="alternate" type="application/x-wiki" title="Edit this page" href="/w/index.php?title=Delors_Committee&action=edit"> <link rel="apple-touch-icon" href="/static/apple-touch/wikipedia.png"> <link rel="icon" href="/static/favicon/wikipedia.ico"> <link rel="search" type="application/opensearchdescription+xml" href="/w/rest.php/v1/search" title="Wikipedia (en)"> <link rel="EditURI" type="application/rsd+xml" href="//en.wikipedia.org/w/api.php?action=rsd"> <link rel="canonical" href="https://en.wikipedia.org/wiki/Delors_Committee"> <link rel="license" href="https://creativecommons.org/licenses/by-sa/4.0/deed.en"> <link rel="alternate" type="application/atom+xml" title="Wikipedia Atom feed" href="/w/index.php?title=Special:RecentChanges&feed=atom"> <link rel="dns-prefetch" href="//meta.wikimedia.org" /> <link rel="dns-prefetch" href="//login.wikimedia.org"> </head> <body class="skin--responsive skin-vector skin-vector-search-vue mediawiki ltr sitedir-ltr mw-hide-empty-elt ns-0 ns-subject mw-editable page-Delors_Committee rootpage-Delors_Committee skin-vector-2022 action-view"><a class="mw-jump-link" href="#bodyContent">Jump to content</a> <div class="vector-header-container"> <header class="vector-header mw-header"> <div class="vector-header-start"> <nav class="vector-main-menu-landmark" aria-label="Site"> <div id="vector-main-menu-dropdown" class="vector-dropdown vector-main-menu-dropdown vector-button-flush-left vector-button-flush-right" > <input type="checkbox" id="vector-main-menu-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-main-menu-dropdown" class="vector-dropdown-checkbox " aria-label="Main menu" > <label id="vector-main-menu-dropdown-label" for="vector-main-menu-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-menu mw-ui-icon-wikimedia-menu"></span> <span class="vector-dropdown-label-text">Main menu</span> </label> <div class="vector-dropdown-content"> <div id="vector-main-menu-unpinned-container" class="vector-unpinned-container"> <div id="vector-main-menu" class="vector-main-menu vector-pinnable-element"> <div class="vector-pinnable-header vector-main-menu-pinnable-header vector-pinnable-header-unpinned" data-feature-name="main-menu-pinned" data-pinnable-element-id="vector-main-menu" data-pinned-container-id="vector-main-menu-pinned-container" data-unpinned-container-id="vector-main-menu-unpinned-container" > <div class="vector-pinnable-header-label">Main menu</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-main-menu.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-main-menu.unpin">hide</button> </div> <div id="p-navigation" class="vector-menu mw-portlet mw-portlet-navigation" > <div class="vector-menu-heading"> Navigation </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="n-mainpage-description" class="mw-list-item"><a href="/wiki/Main_Page" title="Visit the main page [z]" accesskey="z"><span>Main page</span></a></li><li id="n-contents" class="mw-list-item"><a href="/wiki/Wikipedia:Contents" title="Guides to browsing Wikipedia"><span>Contents</span></a></li><li id="n-currentevents" class="mw-list-item"><a href="/wiki/Portal:Current_events" title="Articles related to current events"><span>Current events</span></a></li><li id="n-randompage" class="mw-list-item"><a href="/wiki/Special:Random" title="Visit a randomly selected article [x]" accesskey="x"><span>Random article</span></a></li><li id="n-aboutsite" class="mw-list-item"><a href="/wiki/Wikipedia:About" title="Learn about Wikipedia and how it works"><span>About Wikipedia</span></a></li><li id="n-contactpage" class="mw-list-item"><a href="//en.wikipedia.org/wiki/Wikipedia:Contact_us" title="How to contact Wikipedia"><span>Contact us</span></a></li> </ul> </div> </div> <div id="p-interaction" class="vector-menu mw-portlet mw-portlet-interaction" > <div class="vector-menu-heading"> Contribute </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="n-help" class="mw-list-item"><a href="/wiki/Help:Contents" title="Guidance on how to use and edit Wikipedia"><span>Help</span></a></li><li id="n-introduction" class="mw-list-item"><a href="/wiki/Help:Introduction" title="Learn how to edit Wikipedia"><span>Learn to edit</span></a></li><li id="n-portal" class="mw-list-item"><a href="/wiki/Wikipedia:Community_portal" title="The hub for editors"><span>Community portal</span></a></li><li id="n-recentchanges" class="mw-list-item"><a href="/wiki/Special:RecentChanges" title="A list of recent changes to Wikipedia [r]" accesskey="r"><span>Recent changes</span></a></li><li id="n-upload" class="mw-list-item"><a href="/wiki/Wikipedia:File_upload_wizard" title="Add images or other media for use on Wikipedia"><span>Upload file</span></a></li> </ul> </div> </div> </div> </div> </div> </div> </nav> <a href="/wiki/Main_Page" class="mw-logo"> <img class="mw-logo-icon" src="/static/images/icons/wikipedia.png" alt="" aria-hidden="true" height="50" width="50"> <span class="mw-logo-container skin-invert"> <img class="mw-logo-wordmark" alt="Wikipedia" src="/static/images/mobile/copyright/wikipedia-wordmark-en.svg" style="width: 7.5em; height: 1.125em;"> <img class="mw-logo-tagline" alt="The Free Encyclopedia" src="/static/images/mobile/copyright/wikipedia-tagline-en.svg" width="117" height="13" style="width: 7.3125em; height: 0.8125em;"> </span> </a> </div> <div class="vector-header-end"> <div id="p-search" role="search" class="vector-search-box-vue vector-search-box-collapses vector-search-box-show-thumbnail vector-search-box-auto-expand-width vector-search-box"> <a href="/wiki/Special:Search" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only search-toggle" title="Search Wikipedia [f]" accesskey="f"><span class="vector-icon mw-ui-icon-search mw-ui-icon-wikimedia-search"></span> <span>Search</span> </a> <div class="vector-typeahead-search-container"> <div class="cdx-typeahead-search cdx-typeahead-search--show-thumbnail cdx-typeahead-search--auto-expand-width"> <form action="/w/index.php" id="searchform" class="cdx-search-input cdx-search-input--has-end-button"> <div id="simpleSearch" class="cdx-search-input__input-wrapper" data-search-loc="header-moved"> <div class="cdx-text-input cdx-text-input--has-start-icon"> <input class="cdx-text-input__input" type="search" name="search" placeholder="Search Wikipedia" aria-label="Search Wikipedia" autocapitalize="sentences" title="Search Wikipedia [f]" accesskey="f" id="searchInput" > <span class="cdx-text-input__icon cdx-text-input__start-icon"></span> </div> <input type="hidden" name="title" value="Special:Search"> </div> <button class="cdx-button cdx-search-input__end-button">Search</button> </form> </div> </div> </div> <nav class="vector-user-links vector-user-links-wide" aria-label="Personal tools"> <div class="vector-user-links-main"> <div id="p-vector-user-menu-preferences" class="vector-menu mw-portlet emptyPortlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> </ul> </div> </div> <div id="p-vector-user-menu-userpage" class="vector-menu mw-portlet emptyPortlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> </ul> </div> </div> <nav class="vector-appearance-landmark" aria-label="Appearance"> <div id="vector-appearance-dropdown" class="vector-dropdown " title="Change the appearance of the page's font size, width, and color" > <input type="checkbox" id="vector-appearance-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-appearance-dropdown" class="vector-dropdown-checkbox " aria-label="Appearance" > <label id="vector-appearance-dropdown-label" for="vector-appearance-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-appearance mw-ui-icon-wikimedia-appearance"></span> <span class="vector-dropdown-label-text">Appearance</span> </label> <div class="vector-dropdown-content"> <div id="vector-appearance-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <div id="p-vector-user-menu-notifications" class="vector-menu mw-portlet emptyPortlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> </ul> </div> </div> <div id="p-vector-user-menu-overflow" class="vector-menu mw-portlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="pt-sitesupport-2" class="user-links-collapsible-item mw-list-item user-links-collapsible-item"><a data-mw="interface" href="https://donate.wikimedia.org/wiki/Special:FundraiserRedirector?utm_source=donate&utm_medium=sidebar&utm_campaign=C13_en.wikipedia.org&uselang=en" class=""><span>Donate</span></a> </li> <li id="pt-createaccount-2" class="user-links-collapsible-item mw-list-item user-links-collapsible-item"><a data-mw="interface" href="/w/index.php?title=Special:CreateAccount&returnto=Delors+Committee" title="You are encouraged to create an account and log in; however, it is not mandatory" class=""><span>Create account</span></a> </li> <li id="pt-login-2" class="user-links-collapsible-item mw-list-item user-links-collapsible-item"><a data-mw="interface" href="/w/index.php?title=Special:UserLogin&returnto=Delors+Committee" title="You're encouraged to log in; however, it's not mandatory. [o]" accesskey="o" class=""><span>Log in</span></a> </li> </ul> </div> </div> </div> <div id="vector-user-links-dropdown" class="vector-dropdown vector-user-menu vector-button-flush-right vector-user-menu-logged-out" title="Log in and more options" > <input type="checkbox" id="vector-user-links-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-user-links-dropdown" class="vector-dropdown-checkbox " aria-label="Personal tools" > <label id="vector-user-links-dropdown-label" for="vector-user-links-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-ellipsis mw-ui-icon-wikimedia-ellipsis"></span> <span class="vector-dropdown-label-text">Personal tools</span> </label> <div class="vector-dropdown-content"> <div id="p-personal" class="vector-menu mw-portlet mw-portlet-personal user-links-collapsible-item" title="User menu" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="pt-sitesupport" class="user-links-collapsible-item mw-list-item"><a href="https://donate.wikimedia.org/wiki/Special:FundraiserRedirector?utm_source=donate&utm_medium=sidebar&utm_campaign=C13_en.wikipedia.org&uselang=en"><span>Donate</span></a></li><li id="pt-createaccount" class="user-links-collapsible-item mw-list-item"><a href="/w/index.php?title=Special:CreateAccount&returnto=Delors+Committee" title="You are encouraged to create an account and log in; however, it is not mandatory"><span class="vector-icon mw-ui-icon-userAdd mw-ui-icon-wikimedia-userAdd"></span> <span>Create account</span></a></li><li id="pt-login" class="user-links-collapsible-item mw-list-item"><a href="/w/index.php?title=Special:UserLogin&returnto=Delors+Committee" title="You're encouraged to log in; however, it's not mandatory. [o]" accesskey="o"><span class="vector-icon mw-ui-icon-logIn mw-ui-icon-wikimedia-logIn"></span> <span>Log in</span></a></li> </ul> </div> </div> <div id="p-user-menu-anon-editor" class="vector-menu mw-portlet mw-portlet-user-menu-anon-editor" > <div class="vector-menu-heading"> Pages for logged out editors <a href="/wiki/Help:Introduction" aria-label="Learn more about editing"><span>learn more</span></a> </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="pt-anoncontribs" class="mw-list-item"><a href="/wiki/Special:MyContributions" title="A list of edits made from this IP address [y]" accesskey="y"><span>Contributions</span></a></li><li id="pt-anontalk" class="mw-list-item"><a href="/wiki/Special:MyTalk" title="Discussion about edits from this IP address [n]" accesskey="n"><span>Talk</span></a></li> </ul> </div> </div> </div> </div> </nav> </div> </header> </div> <div class="mw-page-container"> <div class="mw-page-container-inner"> <div class="vector-sitenotice-container"> <div id="siteNotice"></div> </div> <div class="vector-column-start"> <div class="vector-main-menu-container"> <div id="mw-navigation"> <nav id="mw-panel" class="vector-main-menu-landmark" aria-label="Site"> <div id="vector-main-menu-pinned-container" class="vector-pinned-container"> </div> </nav> </div> </div> <div class="vector-sticky-pinned-container"> <nav id="mw-panel-toc" aria-label="Contents" data-event-name="ui.sidebar-toc" class="mw-table-of-contents-container vector-toc-landmark"> <div id="vector-toc-pinned-container" class="vector-pinned-container"> <div id="vector-toc" class="vector-toc vector-pinnable-element"> <div class="vector-pinnable-header vector-toc-pinnable-header vector-pinnable-header-pinned" data-feature-name="toc-pinned" data-pinnable-element-id="vector-toc" > <h2 class="vector-pinnable-header-label">Contents</h2> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-toc.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-toc.unpin">hide</button> </div> <ul class="vector-toc-contents" id="mw-panel-toc-list"> <li id="toc-mw-content-text" class="vector-toc-list-item vector-toc-level-1"> <a href="#" class="vector-toc-link"> <div class="vector-toc-text">(Top)</div> </a> </li> <li id="toc-Background" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Background"> <div class="vector-toc-text"> <span class="vector-toc-numb">1</span> <span>Background</span> </div> </a> <ul id="toc-Background-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Composition" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Composition"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Composition</span> </div> </a> <ul id="toc-Composition-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Report" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Report"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Report</span> </div> </a> <ul id="toc-Report-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Assessment_and_legacy" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Assessment_and_legacy"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Assessment and legacy</span> </div> </a> <ul id="toc-Assessment_and_legacy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Notes" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Notes"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Notes</span> </div> </a> <ul id="toc-Notes-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Delors Committee</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. Available in 2 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-2" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">2 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-da mw-list-item"><a href="https://da.wikipedia.org/wiki/Delors-komiteen" title="Delors-komiteen – Danish" lang="da" hreflang="da" data-title="Delors-komiteen" data-language-autonym="Dansk" data-language-local-name="Danish" class="interlanguage-link-target"><span>Dansk</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Comit%C3%A9_Delors" title="Comité Delors – French" lang="fr" hreflang="fr" data-title="Comité Delors" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q17049951#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div id="left-navigation"> <nav aria-label="Namespaces"> <div id="p-associated-pages" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-associated-pages" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-nstab-main" class="selected vector-tab-noicon mw-list-item"><a href="/wiki/Delors_Committee" title="View the content page [c]" accesskey="c"><span>Article</span></a></li><li id="ca-talk" class="new vector-tab-noicon mw-list-item"><a href="/w/index.php?title=Talk:Delors_Committee&action=edit&redlink=1" rel="discussion" class="new" title="Discuss improvements to the content page (page does not exist) [t]" accesskey="t"><span>Talk</span></a></li> </ul> </div> </div> <div id="vector-variants-dropdown" class="vector-dropdown emptyPortlet" > <input type="checkbox" id="vector-variants-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-variants-dropdown" class="vector-dropdown-checkbox " aria-label="Change language variant" > <label id="vector-variants-dropdown-label" for="vector-variants-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet" aria-hidden="true" ><span class="vector-dropdown-label-text">English</span> </label> <div class="vector-dropdown-content"> <div id="p-variants" class="vector-menu mw-portlet mw-portlet-variants emptyPortlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> </ul> </div> </div> </div> </div> </nav> </div> <div id="right-navigation" class="vector-collapsible"> <nav aria-label="Views"> <div id="p-views" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-views" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-view" class="selected vector-tab-noicon mw-list-item"><a href="/wiki/Delors_Committee"><span>Read</span></a></li><li id="ca-edit" class="vector-tab-noicon mw-list-item"><a href="/w/index.php?title=Delors_Committee&action=edit" title="Edit this page [e]" accesskey="e"><span>Edit</span></a></li><li id="ca-history" class="vector-tab-noicon mw-list-item"><a href="/w/index.php?title=Delors_Committee&action=history" title="Past revisions of this page [h]" accesskey="h"><span>View history</span></a></li> </ul> </div> </div> </nav> <nav class="vector-page-tools-landmark" aria-label="Page tools"> <div id="vector-page-tools-dropdown" class="vector-dropdown vector-page-tools-dropdown" > <input type="checkbox" id="vector-page-tools-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-tools-dropdown" class="vector-dropdown-checkbox " aria-label="Tools" > <label id="vector-page-tools-dropdown-label" for="vector-page-tools-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet" aria-hidden="true" ><span class="vector-dropdown-label-text">Tools</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-tools-unpinned-container" class="vector-unpinned-container"> <div id="vector-page-tools" class="vector-page-tools vector-pinnable-element"> <div class="vector-pinnable-header vector-page-tools-pinnable-header vector-pinnable-header-unpinned" data-feature-name="page-tools-pinned" data-pinnable-element-id="vector-page-tools" data-pinned-container-id="vector-page-tools-pinned-container" data-unpinned-container-id="vector-page-tools-unpinned-container" > <div class="vector-pinnable-header-label">Tools</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-page-tools.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-page-tools.unpin">hide</button> </div> <div id="p-cactions" class="vector-menu mw-portlet mw-portlet-cactions emptyPortlet vector-has-collapsible-items" title="More options" > <div class="vector-menu-heading"> Actions </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-more-view" class="selected vector-more-collapsible-item mw-list-item"><a href="/wiki/Delors_Committee"><span>Read</span></a></li><li id="ca-more-edit" class="vector-more-collapsible-item mw-list-item"><a href="/w/index.php?title=Delors_Committee&action=edit" title="Edit this page [e]" accesskey="e"><span>Edit</span></a></li><li id="ca-more-history" class="vector-more-collapsible-item mw-list-item"><a href="/w/index.php?title=Delors_Committee&action=history"><span>View history</span></a></li> </ul> </div> </div> <div id="p-tb" class="vector-menu mw-portlet mw-portlet-tb" > <div class="vector-menu-heading"> General </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="t-whatlinkshere" class="mw-list-item"><a href="/wiki/Special:WhatLinksHere/Delors_Committee" title="List of all English Wikipedia pages containing links to this page [j]" accesskey="j"><span>What links here</span></a></li><li id="t-recentchangeslinked" class="mw-list-item"><a href="/wiki/Special:RecentChangesLinked/Delors_Committee" rel="nofollow" title="Recent changes in pages linked from this page [k]" accesskey="k"><span>Related changes</span></a></li><li id="t-upload" class="mw-list-item"><a href="/wiki/Wikipedia:File_Upload_Wizard" title="Upload files [u]" accesskey="u"><span>Upload file</span></a></li><li id="t-specialpages" class="mw-list-item"><a href="/wiki/Special:SpecialPages" title="A list of all special pages [q]" accesskey="q"><span>Special pages</span></a></li><li id="t-permalink" class="mw-list-item"><a href="/w/index.php?title=Delors_Committee&oldid=1202923284" title="Permanent link to this revision of this page"><span>Permanent link</span></a></li><li id="t-info" class="mw-list-item"><a href="/w/index.php?title=Delors_Committee&action=info" title="More information about this page"><span>Page information</span></a></li><li id="t-cite" class="mw-list-item"><a href="/w/index.php?title=Special:CiteThisPage&page=Delors_Committee&id=1202923284&wpFormIdentifier=titleform" title="Information on how to cite this page"><span>Cite this page</span></a></li><li id="t-urlshortener" class="mw-list-item"><a href="/w/index.php?title=Special:UrlShortener&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FDelors_Committee"><span>Get shortened URL</span></a></li><li id="t-urlshortener-qrcode" class="mw-list-item"><a href="/w/index.php?title=Special:QrCode&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FDelors_Committee"><span>Download QR code</span></a></li> </ul> </div> </div> <div id="p-coll-print_export" class="vector-menu mw-portlet mw-portlet-coll-print_export" > <div class="vector-menu-heading"> Print/export </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="coll-download-as-rl" class="mw-list-item"><a href="/w/index.php?title=Special:DownloadAsPdf&page=Delors_Committee&action=show-download-screen" title="Download this page as a PDF file"><span>Download as PDF</span></a></li><li id="t-print" class="mw-list-item"><a href="/w/index.php?title=Delors_Committee&printable=yes" title="Printable version of this page [p]" accesskey="p"><span>Printable version</span></a></li> </ul> </div> </div> <div id="p-wikibase-otherprojects" class="vector-menu mw-portlet mw-portlet-wikibase-otherprojects" > <div class="vector-menu-heading"> In other projects </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="t-wikibase" class="wb-otherproject-link wb-otherproject-wikibase-dataitem mw-list-item"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q17049951" title="Structured data on this page hosted by Wikidata [g]" accesskey="g"><span>Wikidata item</span></a></li> </ul> </div> </div> </div> </div> </div> </div> </nav> </div> </div> </div> <div class="vector-column-end"> <div class="vector-sticky-pinned-container"> <nav class="vector-page-tools-landmark" aria-label="Page tools"> <div id="vector-page-tools-pinned-container" class="vector-pinned-container"> </div> </nav> <nav class="vector-appearance-landmark" aria-label="Appearance"> <div id="vector-appearance-pinned-container" class="vector-pinned-container"> <div id="vector-appearance" class="vector-appearance vector-pinnable-element"> <div class="vector-pinnable-header vector-appearance-pinnable-header vector-pinnable-header-pinned" data-feature-name="appearance-pinned" data-pinnable-element-id="vector-appearance" data-pinned-container-id="vector-appearance-pinned-container" data-unpinned-container-id="vector-appearance-unpinned-container" > <div class="vector-pinnable-header-label">Appearance</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-appearance.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-appearance.unpin">hide</button> </div> </div> </div> </nav> </div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Committee that paved the way for the creation of the euro</div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">Not to be confused with <a href="/wiki/Delors_Commission" title="Delors Commission">Delors Commission</a>.</div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/220px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg" decoding="async" width="220" height="148" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/330px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/58/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg/440px-View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg 2x" data-file-width="2728" data-file-height="1830" /></a><figcaption>Jacques Delors (second from left) at the European Council in <a href="/wiki/Strasbourg" title="Strasbourg">Strasbourg</a>, December 1989</figcaption></figure> <p>The <b>Delors Committee</b>, formally known as the <b>Committee for the Study of Economic and Monetary Union</b>, was an <i>ad hoc</i> committee chaired by <a href="/wiki/European_Commission" title="European Commission">European Commission</a> <a href="/wiki/President_of_the_European_Commission" title="President of the European Commission">President</a> <a href="/wiki/Jacques_Delors" title="Jacques Delors">Jacques Delors</a> in 1988–1989. It was set up in June 1988 upon a mandate from the <a href="/wiki/European_Council" title="European Council">European Council</a> to examine and propose concrete stages leading to European Economic and Monetary Union; its report, commonly known as the <b>Delors Report</b>, was published in April 1989.<sup id="cite_ref-DelorsReport_1-0" class="reference"><a href="#cite_note-DelorsReport-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>The Delors Committee is widely viewed as having been the effective starting point of the process of <a href="/wiki/Economic_and_Monetary_Union_of_the_European_Union" title="Economic and Monetary Union of the European Union">European Economic and Monetary Union</a> that led to the negotiation of the <a href="/wiki/Treaty_of_Maastricht" class="mw-redirect" title="Treaty of Maastricht">Treaty of Maastricht</a> in December 1991 and adoption of the <a href="/wiki/Euro" title="Euro">euro</a> as the single currency of 11 of the 15 member states of the <a href="/wiki/European_Union" title="European Union">European Union</a> on 1 January 1999.<sup id="cite_ref-IJD_2-0" class="reference"><a href="#cite_note-IJD-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Background">Background</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=1" title="Edit section: Background"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The immediate context for the Delors Committee was the international monetary instability that followed the <a href="/wiki/Louvre_Accord" title="Louvre Accord">Louvre Accord</a> of February 1987, punctuated by the so-called Basel-Nyborg Agreement on the <a href="/wiki/European_Monetary_System" title="European Monetary System">European Monetary System</a> (EMS) in September 1987 and the <a href="/wiki/Black_Monday_(1987)" title="Black Monday (1987)">Wall Street Black Monday</a> on 19 October 1987. In January 1988, French finance minister <a href="/wiki/%C3%89douard_Balladur" title="Édouard Balladur">Édouard Balladur</a> circulated a memorandum calling for a European common currency to address the EMS's shortcomings, followed in February by another text from Italian treasury minister <a href="/wiki/Giuliano_Amato" title="Giuliano Amato">Giuliano Amato</a> that called for greater firepower of the <a href="/wiki/European_Monetary_Cooperation_Fund" title="European Monetary Cooperation Fund">European Monetary Cooperation Fund</a>. In response, German foreign minister <a href="/wiki/Hans-Dietrich_Genscher" title="Hans-Dietrich Genscher">Hans-Dietrich Genscher</a> published a memorandum of his own on 26 February 1988, seizing the initiative from his more conservative colleague finance minister <a href="/wiki/Gerhard_Stoltenberg" title="Gerhard Stoltenberg">Gerhard Stoltenberg</a> and advocating a European Central Bank modeled on the <a href="/wiki/Deutsche_Bundesbank" title="Deutsche Bundesbank">Deutsche Bundesbank</a>, whose technical design would be defined by a "committee of wise men".<sup id="cite_ref-Vianelli_3-0" class="reference"><a href="#cite_note-Vianelli-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page: 315-317">: 315-317 </span></sup> </p><p>Delors leveraged this environment and in late March 1988 managed to convince German chancellor <a href="/wiki/Helmut_Kohl" title="Helmut Kohl">Helmut Kohl</a>, who at that time held the half-yearly rotating presidency of the Council of the European Community, to set up a committee along the lines suggested by Genscher and to directly involve central bank governors in the process. The re-election of French president <a href="/wiki/Fran%C3%A7ois_Mitterrand" title="François Mitterrand">François Mitterrand</a> in May 1988 further favored a new initiative, on which aides of Delors and Kohl started to work together immediately afterwards. Kohl and Mitterrand cemented an agreement on the process at a French-German summit in <a href="/wiki/%C3%89vian-les-Bains" title="Évian-les-Bains">Évian-les-Bains</a> on 2 June 1988.<sup id="cite_ref-Vianelli_3-1" class="reference"><a href="#cite_note-Vianelli-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 318–319">: 318–319 </span></sup> </p><p>It was thus Delors's idea that the committee should be principally composed of the EU countries' <a href="/wiki/Central_bank" title="Central bank">central bank</a> governors, who were both technically most directly in charge and potentially the most opposed to currency unification, since that would make them lose their distinctive national monetary authority.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> The proposal was formally made and endorsed at the <a href="/wiki/European_Council" title="European Council">European Council</a> meeting in <a href="/wiki/Hanover" title="Hanover">Hanover</a> on 27-28 June. Bundesbank president <a href="/wiki/Karl_Otto_P%C3%B6hl" title="Karl Otto Pöhl">Karl Otto Pöhl</a> initially viewed the fact that the committee chair would be a politician rather than a central banker as unacceptable, but he was eventually persuaded by fellow central banker <a href="/wiki/Wim_Duisenberg" title="Wim Duisenberg">Wim Duisenberg</a> to participate nevertheless.<sup id="cite_ref-Tam_5-0" class="reference"><a href="#cite_note-Tam-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 123">: 123 </span></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Composition">Composition</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=2" title="Edit section: Composition"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Aside from its eponymous chairman <a href="/wiki/Jacques_Delors" title="Jacques Delors">Jacques Delors</a>, the Committee consisted of the following members (in alphabetical order as listed in Annex II of the report itself):<sup id="cite_ref-DelorsReport_1-1" class="reference"><a href="#cite_note-DelorsReport-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 40">: 40 </span></sup> </p> <ul><li><a href="/wiki/Frans_Andriessen" title="Frans Andriessen">Frans Andriessen</a>, <a href="/wiki/Vice_President_of_the_European_Commission" class="mw-redirect" title="Vice President of the European Commission">Vice President of the European Commission</a></li> <li><a href="/wiki/Miguel_Boyer" title="Miguel Boyer">Miguel Boyer</a>, Spanish economist and President of <a href="/w/index.php?title=Banco_Exterior_de_Espa%C3%B1a&action=edit&redlink=1" class="new" title="Banco Exterior de España (page does not exist)">Banco Exterior de España</a><span class="noprint" style="font-size:85%; font-style: normal;"> [<a href="https://es.wikipedia.org/wiki/Banco_Exterior_de_Espa%C3%B1a" class="extiw" title="es:Banco Exterior de España">es</a>]</span></li> <li><a href="/w/index.php?title=Demetrius_Chalikias&action=edit&redlink=1" class="new" title="Demetrius Chalikias (page does not exist)">Demetrius Chalikias</a><span class="noprint" style="font-size:85%; font-style: normal;"> [<a href="https://el.wikipedia.org/wiki/%CE%94%CE%B7%CE%BC%CE%AE%CF%84%CF%81%CE%B9%CE%BF%CF%82_%CE%A7%CE%B1%CE%BB%CE%B9%CE%BA%CE%B9%CE%AC%CF%82" class="extiw" title="el:Δημήτριος Χαλικιάς">el</a>]</span>, Governor of the <a href="/wiki/Bank_of_Greece" title="Bank of Greece">Bank of Greece</a></li> <li><a href="/wiki/Carlo_Azeglio_Ciampi" title="Carlo Azeglio Ciampi">Carlo Azeglio Ciampi</a>, Governor of the <a href="/wiki/Bank_of_Italy" title="Bank of Italy">Bank of Italy</a></li> <li><a href="/w/index.php?title=Maurice_F._Doyle&action=edit&redlink=1" class="new" title="Maurice F. Doyle (page does not exist)">Maurice F. Doyle</a>, Governor of the <a href="/wiki/Central_Bank_of_Ireland" title="Central Bank of Ireland">Central Bank of Ireland</a></li> <li><a href="/wiki/Wim_Duisenberg" title="Wim Duisenberg">Wim Duisenberg</a>, Governor of <a href="/wiki/De_Nederlandsche_Bank" title="De Nederlandsche Bank">De Nederlandsche Bank</a></li> <li><a href="/wiki/Jean_Godeaux" title="Jean Godeaux">Jean Godeaux</a>, Governor of the <a href="/wiki/National_Bank_of_Belgium" title="National Bank of Belgium">National Bank of Belgium</a></li> <li><a href="/w/index.php?title=Erik_Hoffmeyer&action=edit&redlink=1" class="new" title="Erik Hoffmeyer (page does not exist)">Erik Hoffmeyer</a><span class="noprint" style="font-size:85%; font-style: normal;"> [<a href="https://da.wikipedia.org/wiki/Erik_Hoffmeyer" class="extiw" title="da:Erik Hoffmeyer">da</a>]</span>, Governor of <a href="/wiki/Danmarks_Nationalbank" title="Danmarks Nationalbank">Danmarks Nationalbank</a></li> <li><a href="/w/index.php?title=Pierre_Jaans&action=edit&redlink=1" class="new" title="Pierre Jaans (page does not exist)">Pierre Jaans</a>, General Manager of the <a href="/wiki/Institut_Mon%C3%A9taire_Luxembourgeois" title="Institut Monétaire Luxembourgeois">Institut Monétaire Luxembourgeois</a></li> <li><a href="/wiki/Alexandre_Lamfalussy" title="Alexandre Lamfalussy">Alexandre Lamfalussy</a>, General Manager of the <a href="/wiki/Bank_for_International_Settlements" title="Bank for International Settlements">Bank for International Settlements</a> (BIS)</li> <li><a href="/wiki/Jacques_de_Larosi%C3%A8re" title="Jacques de Larosière">Jacques de Larosière</a>, Governor of the <a href="/wiki/Bank_of_France" title="Bank of France">Bank of France</a></li> <li><a href="/wiki/Robin_Leigh-Pemberton,_Baron_Kingsdown" title="Robin Leigh-Pemberton, Baron Kingsdown">Robert Leigh-Pemberton</a>, Governor of the <a href="/wiki/Bank_of_England" title="Bank of England">Bank of England</a></li> <li><a href="/wiki/Karl_Otto_P%C3%B6hl" title="Karl Otto Pöhl">Karl Otto Pöhl</a>, Governor of the <a href="/wiki/Deutsche_Bundesbank" title="Deutsche Bundesbank">Deutsche Bundesbank</a></li> <li><a href="/wiki/Mariano_Rubio" title="Mariano Rubio">Mariano Rubio</a>, Governor of the <a href="/wiki/Bank_of_Spain" title="Bank of Spain">Bank of Spain</a></li> <li><a href="/wiki/Jos%C3%A9_Alberto_Tavares_Moreira" title="José Alberto Tavares Moreira">José Alberto Tavares Moreira</a>, Governor of the <a href="/wiki/Banco_de_Portugal" title="Banco de Portugal">Banco de Portugal</a></li> <li><a href="/w/index.php?title=Niels_Thygesen&action=edit&redlink=1" class="new" title="Niels Thygesen (page does not exist)">Niels Thygesen</a><span class="noprint" style="font-size:85%; font-style: normal;"> [<a href="https://da.wikipedia.org/wiki/Niels_Thygesen" class="extiw" title="da:Niels Thygesen">da</a>]</span>, professor of economics at <a href="/wiki/University_of_Copenhagen" title="University of Copenhagen">University of Copenhagen</a></li></ul> <p>The committee's rapporteurs were Gunter Baer, a BIS official who had worked at the German finance ministry and the <a href="/wiki/International_Monetary_Fund" title="International Monetary Fund">International Monetary Fund</a>, and <a href="/wiki/Tommaso_Padoa-Schioppa" title="Tommaso Padoa-Schioppa">Tommaso Padoa-Schioppa</a>, at the time a senior European Commission official. The committee's meetings were usually held in <a href="/wiki/Basel" title="Basel">Basel</a>, on the side of the monthly meetings of central bank governors at the Bank for International Settlements. </p> <div class="mw-heading mw-heading2"><h2 id="Report">Report</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=3" title="Edit section: Report"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The committee's report was titled "Report on economic and monetary union in the European Community".<sup id="cite_ref-DelorsReport_1-2" class="reference"><a href="#cite_note-DelorsReport-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> It outlined a three-stage plan for the establishment of the Economic and Monetary Union, including the evolution of the existing Committee of Governors into the <a href="/wiki/European_Monetary_Institute" title="European Monetary Institute">European Monetary Institute</a> and ultimately the <a href="/wiki/European_Central_Bank" title="European Central Bank">European Central Bank</a>. The report was endorsed by the <a href="/wiki/European_Council" title="European Council">European Council</a> in <a href="/wiki/Madrid" title="Madrid">Madrid</a> in June 1989.<sup id="cite_ref-IJD_2-1" class="reference"><a href="#cite_note-IJD-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page: 3">: 3 </span></sup> It was nevertheless viewed as controversial, not least in the United Kingdom.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 637">: 637 </span></sup> </p><p>Following the Madrid meeting, a working group chaired by <a href="/wiki/%C3%89lisabeth_Guigou" title="Élisabeth Guigou">Élisabeth Guigou</a> with <a href="/wiki/Tommaso_Padoa-Schioppa" title="Tommaso Padoa-Schioppa">Tommaso Padoa-Schioppa</a> as Vice Chair, known as the Guigou Group, prepared the ground for the opening of an <a href="/wiki/Intergovernmental_Conference" title="Intergovernmental Conference">Intergovernmental Conference</a> by the European Council meeting in <a href="/wiki/Strasbourg" title="Strasbourg">Strasbourg</a> in December 1989.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Assessment_and_legacy">Assessment and legacy</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=4" title="Edit section: Assessment and legacy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Viewed in retrospect, the Delors Committee was spectacularly successful,<sup id="cite_ref-IJD_2-2" class="reference"><a href="#cite_note-IJD-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page: 3">: 3 </span></sup> aided in its task by the <a href="/wiki/Fall_of_the_Berlin_Wall" title="Fall of the Berlin Wall">fall of the Berlin Wall</a> a few months after the delivery of its final report. According to Lamfalussy, the success owes to Delors's "genius" in persuading leaders, and especially <a href="/wiki/Helmut_Kohl" title="Helmut Kohl">Helmut Kohl</a>, of the indispensable nature of monetary union to ensure the viability of the <a href="/wiki/European_single_market" title="European single market">European single market</a>, which allowed him to overcome the resistance of national central banks and especially of the Bundesbank.<sup id="cite_ref-MaesPeters_8-0" class="reference"><a href="#cite_note-MaesPeters-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 136–137">: 136–137 </span></sup> </p><p>Also with hindsight, the Delors Report placed insufficient emphasis on matters of financial stability and <a href="/wiki/Bank_supervision" class="mw-redirect" title="Bank supervision">bank supervision</a>.<sup id="cite_ref-IJD_2-3" class="reference"><a href="#cite_note-IJD-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page: 13-15">: 13-15 </span></sup> According to de Larosière, these had been viewed as too divisive for the committee's consensus-driven approach.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup><sup class="reference nowrap"><span title="Page / location: 119">: 119 </span></sup> This was however corrected in the <a href="/wiki/Maastricht_Treaty" title="Maastricht Treaty">Maastricht Treaty</a> with an enabling clause that became the basis two decades later for <a href="/wiki/European_Banking_Supervision" title="European Banking Supervision">European Banking Supervision</a>, with a decision of principle in mid-2012 and implementation in November 2014.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> There also remained an imbalance between a complete <a href="/wiki/Monetary_union" class="mw-redirect" title="Monetary union">monetary union</a> and a much less complete <a href="/wiki/Economic_union" title="Economic union">economic union</a> in the implementation of EMU. </p><p>The full archive of the Delors Committee is held at the <a href="/wiki/European_Central_Bank" title="European Central Bank">European Central Bank</a>.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=5" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Werner_Plan" title="Werner Plan">Werner Plan</a></li> <li><a href="/wiki/Spaak_method" title="Spaak method">Spaak method</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="Notes">Notes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Delors_Committee&action=edit&section=6" title="Edit section: Notes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-DelorsReport-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-DelorsReport_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-DelorsReport_1-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-DelorsReport_1-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFCommittee_for_the_Study_of_Economic_and_Monetary_Union1989" class="citation cs2">Committee for the Study of Economic and Monetary Union (April 1989), <a rel="nofollow" class="external text" href="https://ec.europa.eu/economy_finance/publications/pages/publication6161_en.pdf"><i>Report on economic and monetary union in the European Community</i></a> <span class="cs1-format">(PDF)</span></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Report+on+economic+and+monetary+union+in+the+European+Community&rft.date=1989-04&rft.au=Committee+for+the+Study+of+Economic+and+Monetary+Union&rft_id=https%3A%2F%2Fec.europa.eu%2Feconomy_finance%2Fpublications%2Fpages%2Fpublication6161_en.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-IJD-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-IJD_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-IJD_2-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-IJD_2-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-IJD_2-3"><sup><i><b>d</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFHenrik_Enderlein_and_Eulalia_Rubio2014" class="citation cs2">Henrik Enderlein and Eulalia Rubio (30 April 2014), <a rel="nofollow" class="external text" href="https://institutdelors.eu/wp-content/uploads/2018/01/25yearsdelorsreport-enderlein-rubio-ne-jdi-apr14.pdf"><i>25 years after the Delors Report: Which lessons for Economic and Monetary Union?</i></a> <span class="cs1-format">(PDF)</span>, Notre Europe - Jacques Delors Institute</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=25+years+after+the+Delors+Report%3A+Which+lessons+for+Economic+and+Monetary+Union%3F&rft.pub=Notre+Europe+-+Jacques+Delors+Institute&rft.date=2014-04-30&rft.au=Henrik+Enderlein+and+Eulalia+Rubio&rft_id=https%3A%2F%2Finstitutdelors.eu%2Fwp-content%2Fuploads%2F2018%2F01%2F25yearsdelorsreport-enderlein-rubio-ne-jdi-apr14.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-Vianelli-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-Vianelli_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Vianelli_3-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMarco_Vianelli2022" class="citation cs2">Marco Vianelli (2022), "Achieving a Shared Consensus: the Delors Committee and the Relaunch of the EMU Process", <i>Journal of European Integration History</i>, <b>28</b> (2): 313–334</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Journal+of+European+Integration+History&rft.atitle=Achieving+a+Shared+Consensus%3A+the+Delors+Committee+and+the+Relaunch+of+the+EMU+Process&rft.volume=28&rft.issue=2&rft.pages=313-334&rft.date=2022&rft.au=Marco+Vianelli&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRiccardo_Perissich2024" class="citation web cs1">Riccardo Perissich (5 January 2024). <a rel="nofollow" class="external text" href="https://www.telos-eu.com/fr/politique-francaise-et-internationale/delors-le-stratege.html">"Delors le stratège"</a>. <i>Telos</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Telos&rft.atitle=Delors+le+strat%C3%A8ge&rft.date=2024-01-05&rft.au=Riccardo+Perissich&rft_id=https%3A%2F%2Fwww.telos-eu.com%2Ffr%2Fpolitique-francaise-et-internationale%2Fdelors-le-stratege.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-Tam-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-Tam_5-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTamim_Bayoumi2017" class="citation book cs1">Tamim Bayoumi (2017). <a rel="nofollow" class="external text" href="https://www.elibrary.imf.org/display/book/9780300225631/ch004.xml">"Chapter 4. A Flawed Monetary Union"</a>. <i>Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned</i>. Yale University Press.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=bookitem&rft.atitle=Chapter+4.+A+Flawed+Monetary+Union&rft.btitle=Unfinished+Business%3A+The+Unexplored+Causes+of+the+Financial+Crisis+and+the+Lessons+Yet+to+be+Learned&rft.pub=Yale+University+Press&rft.date=2017&rft.au=Tamim+Bayoumi&rft_id=https%3A%2F%2Fwww.elibrary.imf.org%2Fdisplay%2Fbook%2F9780300225631%2Fch004.xml&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNiels_Thygesen1989" class="citation cs2">Niels Thygesen (Autumn 1989), <a rel="nofollow" class="external text" href="https://www.jstor.org/stable/2622577">"The Delors Report and European Economic and Monetary Union"</a>, <i>International Affairs</i> (65:4), London: Royal Institute of International Affairs: 637–652</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=International+Affairs&rft.atitle=The+Delors+Report+and+European+Economic+and+Monetary+Union&rft.ssn=fall&rft.issue=65%3A4&rft.pages=637-652&rft.date=1989&rft.au=Niels+Thygesen&rft_id=https%3A%2F%2Fwww.jstor.org%2Fstable%2F2622577&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.cvce.eu/recherche/unit-content/-/unit/en/32211249-e856-4268-b787-3e816f0764db/e900134f-f97e-4a1f-b0b5-c9b120e5a0c0/Resources#bfc5ca9f-fb3c-4624-90a7-7e834c36cf54_en&overlay">"Interview with Élisabeth Guigou (Paris, 29 September 2008) — Excerpt: the additional work carried out following the adoption of the Delors Report"</a>. <i>cvce.eu</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=cvce.eu&rft.atitle=Interview+with+%C3%89lisabeth+Guigou+%28Paris%2C+29+September+2008%29+%E2%80%94+Excerpt%3A+the+additional+work+carried+out+following+the+adoption+of+the+Delors+Report&rft_id=https%3A%2F%2Fwww.cvce.eu%2Frecherche%2Funit-content%2F-%2Funit%2Fen%2F32211249-e856-4268-b787-3e816f0764db%2Fe900134f-f97e-4a1f-b0b5-c9b120e5a0c0%2FResources%23bfc5ca9f-fb3c-4624-90a7-7e834c36cf54_en%26overlay&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-MaesPeters-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-MaesPeters_8-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFIvo_Maes_and_Sophie_Péters2014" class="citation book cs1">Ivo Maes and Sophie Péters (2014). <i>Alexandre Lamfalussy : Le sage de l'euro</i>. Brussels: Racine.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Alexandre+Lamfalussy+%3A+Le+sage+de+l%27euro&rft.place=Brussels&rft.pub=Racine&rft.date=2014&rft.au=Ivo+Maes+and+Sophie+P%C3%A9ters&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFIvo_Maes_and_Sabine_Péters2021" class="citation cs2">Ivo Maes and Sabine Péters (2021), "Interview of Jacques de Larosière: In search of a better world financial order", <i>History of Economic Thought and Policy</i> (2–2021)</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=History+of+Economic+Thought+and+Policy&rft.atitle=Interview+of+Jacques+de+Larosi%C3%A8re%3A+In+search+of+a+better+world+financial+order&rft.issue=2%E2%80%932021&rft.date=2021&rft.au=Ivo+Maes+and+Sabine+P%C3%A9ters&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFStefaan_De_Rynck2015" class="citation cs2">Stefaan De Rynck (2015), <a rel="nofollow" class="external text" href="https://www.tandfonline.com/doi/abs/10.1080/13501763.2015.1019551">"Banking on a union: the politics of changing eurozone banking supervision"</a>, <i>Journal of European Public Policy</i></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Journal+of+European+Public+Policy&rft.atitle=Banking+on+a+union%3A+the+politics+of+changing+eurozone+banking+supervision&rft.date=2015&rft.au=Stefaan+De+Rynck&rft_id=https%3A%2F%2Fwww.tandfonline.com%2Fdoi%2Fabs%2F10.1080%2F13501763.2015.1019551&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> <li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ecb.europa.eu/ecb/access_to_documents/archives/delors/html/index.en.html">"The Delors Committee (1988-1989)"</a>. <i>European Central Bank</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=European+Central+Bank&rft.atitle=The+Delors+Committee+%281988-1989%29&rft_id=https%3A%2F%2Fwww.ecb.europa.eu%2Fecb%2Faccess_to_documents%2Farchives%2Fdelors%2Fhtml%2Findex.en.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ADelors+Committee" class="Z3988"></span></span> </li> </ol></div></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Delors_Committee&oldid=1202923284">https://en.wikipedia.org/w/index.php?title=Delors_Committee&oldid=1202923284</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Help:Category" title="Help:Category">Categories</a>: <ul><li><a href="/wiki/Category:Economy_of_the_European_Union" title="Category:Economy of the European Union">Economy of the European Union</a></li><li><a href="/wiki/Category:Monetary_policy_of_the_European_Union" title="Category:Monetary policy of the European Union">Monetary policy of the European Union</a></li><li><a href="/wiki/Category:History_of_the_European_Union" title="Category:History of the European Union">History of the European Union</a></li><li><a href="/wiki/Category:Euro" title="Category:Euro">Euro</a></li></ul></div><div id="mw-hidden-catlinks" class="mw-hidden-catlinks mw-hidden-cats-hidden">Hidden categories: <ul><li><a href="/wiki/Category:Articles_with_short_description" title="Category:Articles with short description">Articles with short description</a></li><li><a href="/wiki/Category:Short_description_with_empty_Wikidata_description" title="Category:Short description with empty Wikidata description">Short description with empty Wikidata description</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> This page was last edited on 3 February 2024, at 20:53<span class="anonymous-show"> (UTC)</span>.</li> <li id="footer-info-copyright">Text is available under the <a href="/wiki/Wikipedia:Text_of_the_Creative_Commons_Attribution-ShareAlike_4.0_International_License" title="Wikipedia:Text of the Creative Commons Attribution-ShareAlike 4.0 International License">Creative Commons Attribution-ShareAlike 4.0 License</a>; additional terms may apply. By using this site, you agree to the <a href="https://foundation.wikimedia.org/wiki/Special:MyLanguage/Policy:Terms_of_Use" class="extiw" title="foundation:Special:MyLanguage/Policy:Terms of Use">Terms of Use</a> and <a href="https://foundation.wikimedia.org/wiki/Special:MyLanguage/Policy:Privacy_policy" class="extiw" title="foundation:Special:MyLanguage/Policy:Privacy policy">Privacy Policy</a>. Wikipedia® is a registered trademark of the <a rel="nofollow" class="external text" href="https://wikimediafoundation.org/">Wikimedia Foundation, Inc.</a>, a non-profit organization.</li> </ul> <ul id="footer-places"> <li id="footer-places-privacy"><a href="https://foundation.wikimedia.org/wiki/Special:MyLanguage/Policy:Privacy_policy">Privacy policy</a></li> <li id="footer-places-about"><a href="/wiki/Wikipedia:About">About Wikipedia</a></li> <li id="footer-places-disclaimers"><a href="/wiki/Wikipedia:General_disclaimer">Disclaimers</a></li> <li id="footer-places-contact"><a href="//en.wikipedia.org/wiki/Wikipedia:Contact_us">Contact Wikipedia</a></li> <li id="footer-places-wm-codeofconduct"><a href="https://foundation.wikimedia.org/wiki/Special:MyLanguage/Policy:Universal_Code_of_Conduct">Code of Conduct</a></li> <li id="footer-places-developers"><a href="https://developer.wikimedia.org">Developers</a></li> <li id="footer-places-statslink"><a href="https://stats.wikimedia.org/#/en.wikipedia.org">Statistics</a></li> <li id="footer-places-cookiestatement"><a href="https://foundation.wikimedia.org/wiki/Special:MyLanguage/Policy:Cookie_statement">Cookie statement</a></li> <li id="footer-places-mobileview"><a href="//en.m.wikipedia.org/w/index.php?title=Delors_Committee&mobileaction=toggle_view_mobile" class="noprint stopMobileRedirectToggle">Mobile view</a></li> </ul> <ul id="footer-icons" class="noprint"> <li id="footer-copyrightico"><a href="https://wikimediafoundation.org/" class="cdx-button cdx-button--fake-button cdx-button--size-large cdx-button--fake-button--enabled"><img src="/static/images/footer/wikimedia-button.svg" width="84" height="29" alt="Wikimedia Foundation" loading="lazy"></a></li> <li id="footer-poweredbyico"><a href="https://www.mediawiki.org/" class="cdx-button cdx-button--fake-button cdx-button--size-large cdx-button--fake-button--enabled"><img src="/w/resources/assets/poweredby_mediawiki.svg" alt="Powered by MediaWiki" width="88" height="31" loading="lazy"></a></li> </ul> </footer> </div> </div> </div> <div class="vector-settings" id="p-dock-bottom"> <ul></ul> </div><script>(RLQ=window.RLQ||[]).push(function(){mw.config.set({"wgHostname":"mw-web.codfw.main-6bcf67d78c-sfkd5","wgBackendResponseTime":177,"wgPageParseReport":{"limitreport":{"cputime":"0.346","walltime":"0.545","ppvisitednodes":{"value":4760,"limit":1000000},"postexpandincludesize":{"value":28833,"limit":2097152},"templateargumentsize":{"value":2477,"limit":2097152},"expansiondepth":{"value":16,"limit":100},"expensivefunctioncount":{"value":6,"limit":500},"unstrip-depth":{"value":1,"limit":20},"unstrip-size":{"value":39627,"limit":5000000},"entityaccesscount":{"value":0,"limit":400},"timingprofile":["100.00% 410.815 1 -total"," 40.05% 164.538 1 Template:Reflist"," 27.90% 114.602 6 Template:Citation"," 18.83% 77.368 1 Template:Short_description"," 15.17% 62.313 10 Template:R/superscript"," 12.73% 52.283 4 Template:R"," 11.31% 46.460 2 Template:Pagetype"," 10.93% 44.906 4 Template:R/ref"," 9.52% 39.114 1 Template:Distinguish"," 9.05% 37.165 6 Template:Rp"]},"scribunto":{"limitreport-timeusage":{"value":"0.175","limit":"10.000"},"limitreport-memusage":{"value":5662150,"limit":52428800}},"cachereport":{"origin":"mw-api-ext.eqiad.main-6fc48844d5-pd4cj","timestamp":"20241127135456","ttl":2592000,"transientcontent":false}}});});</script> <script type="application/ld+json">{"@context":"https:\/\/schema.org","@type":"Article","name":"Delors Committee","url":"https:\/\/en.wikipedia.org\/wiki\/Delors_Committee","sameAs":"http:\/\/www.wikidata.org\/entity\/Q17049951","mainEntity":"http:\/\/www.wikidata.org\/entity\/Q17049951","author":{"@type":"Organization","name":"Contributors to Wikimedia projects"},"publisher":{"@type":"Organization","name":"Wikimedia Foundation, Inc.","logo":{"@type":"ImageObject","url":"https:\/\/www.wikimedia.org\/static\/images\/wmf-hor-googpub.png"}},"datePublished":"2023-11-22T15:39:18Z","dateModified":"2024-02-03T20:53:13Z","image":"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/5\/58\/View_of_the_dinner_-_1989_European_Council_in_Strasbourg.jpg"}</script> </body> </html>