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| | {{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]] [[ | 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| | !{{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| | !{{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| | !{{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}} | ||
* | * {{anl|Asian Monetary Unit}} | ||
* | * {{anl|Eco (currency)}} | ||
* | * {{anl|European Unit of Account}} | ||
* | * {{anl|Franc Poincaré}} | ||
* {{anl|Gold parity unit of account}} | |||
* {{anl|Green pound}} | |||
* {{anl|World currency unit}} | |||
== References == | == References == | ||