The Delors Report

The Delors Report, published in 1989, was a key proposal for advancing European integration. It recommended creating a single European currency (the euro), establishing a unified financial and economic policy, and strengthening cooperation among member countries. The goal was to support economic stability, facilitate easier trade, and promote closer political ties within Europe. The report laid the groundwork for the European Union’s monetary union, guiding the process that eventually led to the introduction of the euro in 2002. It aimed to deepen cooperation while respecting national sovereignty, fostering economic growth and stability across Europe.