Delors Report
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A report proposing a single currency and common monetary Monetary Union in the European Communitv was published in 1989. It was Monetary Union in the European Community was published in 1989. It was produced by a committee chaired by Jacques Delors, the President of the EC, and proposed a progression through monetary convergence to the setting up of a European System of Central Banks and a common European currency.
Reference: Oxford Press Dictonary of Economics, 5th edt.
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