Small States and the Creation of Emu: Belgium and the Netherlands, Pace-Setters and Gate-Keepers

22 Pages Posted: 16 May 2005

See all articles by Ivo Maes

Ivo Maes

National Bank of Belgium

Amy C. Verdun

University of Victoria - Political Science; Institute of Political Science

Abstract

It is often argued that economic and monetary union (EMU) was created due to the efforts and interests of larger Member States. This article argues that the Belgian and Dutch contributions indicate that small countries played a significant role in the creation of EMU. Both countries wanted to create a zone of monetary stability in Europe and as such have led the process by example. However, their conceptions of monetary stability were different. Belgium, as a close ally of the Commission, played a pace-setting role, especially through creative and diplomatic proposals, whilst the Netherlands played the role of gate-keeper and important ally of the Germans. Following a framework developed by Helen Wallace, the article analyses how, and under what conditions, Belgium and the Netherlands played a role in the creation of EMU.

Suggested Citation

Maes, Ivo and Verdun, Amy C., Small States and the Creation of Emu: Belgium and the Netherlands, Pace-Setters and Gate-Keepers. Journal of Common Market Studies, Vol. 43, No. 2, pp. 327-348, June 2005. Available at SSRN: https://ssrn.com/abstract=723446

Ivo Maes (Contact Author)

National Bank of Belgium ( email )

Brussels, B-1000
Belgium

Amy C. Verdun

University of Victoria - Political Science ( email )

P.O. Box 3050 STN CSC
Victoria, BC, V8W 3P5
Canada

HOME PAGE: http://web.uvic.ca/polisci/faculty/faculty/verdun.htm

Institute of Political Science ( email )

Postbus 9500
Leiden, 2300 RA
Netherlands

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