European Currency Unit: Difference between revisions

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imported>Absolutiva
Changing short description from "Basket of the currencies of the European Community member states" to "Unit of account of the European Community"
 
imported>Recessio
Hard ECU proposal: add link to UK prime minister
 
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{{Short description|Unit of account of the European Community}}
{{Short description|Obsolete unit of account of the European Community}}
{{Redirect|XEU|the radio station branded as XEU|XHU-FM}}
{{Redirect|XEU|the radio station branded as XEU|XHU-FM}}
{{Distinguish|text=the [[euro]]}}
{{Distinguish|text=the [[euro]]}}
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== Hard ECU proposal ==
== Hard ECU proposal ==
In 1990 the British [[Chancellor of the Exchequer]] [[John Major]] proposed the creation of a 'hard' ECU, which different national currencies could compete against and, if the ECU was successful, could lead to a single currency.<ref name="Major">{{Cite book|last=Major|first=John|title=John Major: The Autobiography|date=24 July 1999|publisher=[[HarperCollins]]|isbn=9780002570046|location=London|pages=150–51|author-link=John Major}}</ref> The move was seen by France and Germany as a wrecking tactic, especially when the increasingly [[Euroscepticism|Eurosceptic]] [[Margaret Thatcher|Thatcher]] announced her outright opposition to the [[Economic and Monetary Union of the European Union|European Economic and Monetary Union]] (EMU), and the idea was abandoned.<ref name=Major />
In 1990 the British [[Chancellor of the Exchequer]] [[John Major]] proposed the creation of a 'hard' ECU, which different national currencies could compete against and, if the ECU was successful, could lead to a single currency.<ref name="Major">{{Cite book|last=Major|first=John|title=John Major: The Autobiography|date=24 July 1999|publisher=[[HarperCollins]]|isbn=9780002570046|location=London|pages=150–51|author-link=John Major}}</ref> The move was seen by France and Germany as a wrecking tactic, especially when [[Margaret Thatcher]], the increasingly [[Euroscepticism|Eurosceptic]] [[Prime Minister of the United Kingdom|British Prime Minister]], announced her outright opposition to the [[Economic and Monetary Union of the European Union|European Economic and Monetary Union]] (EMU), and the idea was abandoned.<ref name=Major />


== Euro replaces the ECU ==
== Euro replaces the ECU ==
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!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|GBR|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|UK|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
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!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|GBR|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|UK|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
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!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|DEN|size=16px}} [[Danish krone|DKK]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|FRA|size=16px}} [[French franc|FRF]]
!{{flagicon|GBR|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|UK|size=16px}} [[Pound sterling|GBP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|IRL|size=16px}} [[Irish pound|IEP]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
!{{flagicon|ITA|size=16px}} [[Italian lira|ITL]]
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== See also ==
== See also ==
{{Portal|European Union|Money|Numismatics}}
{{Portal|European Union|Money|Numismatics}}
* [[Asian Monetary Unit]]
* {{anl|Asian Monetary Unit}}
* [[Eco (currency)]]
* {{anl|Eco (currency)}}
* [[Green pound]]
* {{anl|European Unit of Account}}
* [[World currency unit]]
* {{anl|Franc Poincaré}}
* {{anl|Gold parity unit of account}}
* {{anl|Green pound}}
* {{anl|World currency unit}}


== References ==
== References ==