1. Theory of Intergovernmentalism
... governments of the benefits for the SEM of economic and financial integration- (Nugent 331). The nation states" governments found clearly beneficial to have a single currency, and it was up to them to decide. "Ministers and senior officials did regularly convene to consult and to exchange ideas on macroeconomic policy, and at their meetings they periodically considered Commission submissions for the adoption of common guidelines and for short-term ... and medium-term strategies. But ultimately it was up to the states themselves as to what they did" (Nugent 329). Even though, there was m...
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- Grade Level: Graduate