Stage 1 of EMU

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Stage 1 of EMU was the initial phase of European economic and monetary integration, focused on closer economic policy coordination and the removal of barriers to free movement of capital among EU member states.

All labels observed (1)

Label Occurrences
Stage 1 of EMU canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf phase of European Economic and Monetary Union ⓘ
aimedAt laying groundwork for adoption of a single currency in later stages ⓘ
reducing macroeconomic imbalances among member states ⓘ
alsoKnownAs First stage of Economic and Monetary Union ⓘ
Stage One of EMU ⓘ
appliesToJurisdiction European Community ⓘ
European Union member states ⓘ
coordinatedBy Council of Ministers of the European Community ⓘ
European Commission ⓘ
definedIn Delors Committee report of 1989 ⓘ
focusesOn convergence of inflation and public finances ⓘ
economic policy coordination ⓘ
improved budgetary discipline ⓘ
liberalisation of capital movements ⓘ
followedBy Stage 2 of EMU ⓘ
follows Delors Report on Economic and Monetary Union ⓘ
European Council decision at Madrid 1989 on EMU roadmap ⓘ
hasFeature increased coordination of exchange‑rate policies ⓘ
preparation of institutional framework for later monetary union ⓘ
progressive abolition of remaining capital controls within the Community ⓘ
regular reporting on economic convergence by the European Commission ⓘ
strengthened multilateral surveillance procedures ⓘ
hasMainGoal closer economic policy coordination among EU member states ⓘ
increased convergence of member states’ economic performance ⓘ
preparation for later stages of monetary integration ⓘ
removal of barriers to free movement of capital among EU member states ⓘ
strengthening of multilateral surveillance of economic policies ⓘ
hasOutcome enhanced coordination of national economic policies ⓘ
full liberalisation of capital movements within the European Community ⓘ
preparation for Stage 2 of EMU and creation of the European Monetary Institute ⓘ
historicalPeriod early 1990s ⓘ
implementedBy EU member state governments ⓘ
legalBasis Single European Act provisions on internal market ⓘ
linked to: Single European Act

Treaty establishing the European Community (pre‑Maastricht) economic provisions ⓘ
linked to: Treaty of Rome
monitoredBy Ecofin Council ⓘ
Monetary Committee of the European Community ⓘ
partOf Economic and Monetary Union of the European Union ⓘ
partOfSequence three‑stage plan for Economic and Monetary Union ⓘ
policyArea European economic integration ⓘ
European monetary integration ⓘ
precededBy European Monetary System ⓘ
relatedTo Maastricht Treaty convergence process ⓘ
Single Market Programme ⓘ
free movement of capital in the European Union ⓘ
startTime 1990-07-01 ⓘ
timePeriod 1990s European integration ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Economic and Monetary Union of the European Union → hasStage → Stage 1 of EMU ⓘ
subject linked to: EMU