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In its pursuit of economic integration, economic and monetary union (EMU) had become a primary commitment for the European Community. Originally published in 1974, this study sets out to examine the meaning of economic union and its relationship with monetary union.

The history of relations between the Europan Community and Thrkey has been a sad story, on both sides. Unrealism has been the keynote throughout. What was long overdue by the end of 1987 was to sweep away the past contradictions and tergiversations, and try to make a new start on a more realistic basis. Thrkey has now applied formally to resume as a full member of the Community. How ever, as several chapters of this Report show, there are on both sides great reservations a bout membership, unless this were intended to take place only many years ahead. Political ly, the relationship between...