A history of the Single Currency - 1998

Type: Stockshots [long]   Reference: I-026427   Duration: 00:47:28  Lieu: Rome - Capitol
End production: 06/02/1998
These video stockshots include pictures from the signing of the Treaty of Rome in 1957 until the Luxembourg Council of December 1997, where the principle of the Euro Council (Euro X) was adopted. The stockshots give an account of the most important events, phases and decisions taken in the history of the European Union, as well as the consequences of the EMU and the creation of a single currency . - Part I : 1957-1971 «From the Marjolin Plan to the Werner Plan» - Part II : 1972-1985 «From the Snake to the European Monetary System» - Part III : 1986-1989 «Towards EMU» - Part IV : 1990-1994 «EMU - 1st Phase» - Part V : 1995-1998 «EMU – 2nd Phase»

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
00:00:00 Generic and title 00:00:25
00:00:30 I. 1957-1971, From the Marjolin Plan to the Werner plan 25 March 1957: Signing of the Treaty of Rome For the founding members of the EEC, the objective was to create a common market and not an economic and monetary union 00:00:03
00:00:33 General view of interior of the Campidoglio "Salla dell'Orazi e Curiazi", site of signature 00:00:02
00:00:35 Panorama: J. Linthorst Horman (NL), J. Luns (NL), L. Schaus (Lux), J. Bech (Lux), G. Martino (I), A. Segni (I), W. Hallstein (D), K. Adenauer (D), M. Faure (F). 00:00:26
00:01:01 Signature of P-H. Spaak 00:00:03
00:01:04 Signature of M. Faure (F) and K. Adenauer (D) 00:00:14
00:01:18 Shot of the Treaty of Rome 00:00:04
00:01:22 Shot of signatures 00:00:03
00:01:25 1962 The Robert Marjolin report suggests the need for a single currency in order for common market to succeed. 1969 : 12 February Barre Plan The first plan recommends the convergence of economic policies and the creation of a Very Short Term Financing Facility (STFF)). The second plan launches the work of an Economic and Monetary Union (EMU) and its creation in three phases with a timetable running from 1970 to 1978 00:00:03
00:01:28 R. Barre during the first meeting of the Malfatti Commission 00:00:14
00:01:42 F.M. Malfatti and R. Barre at the European Parliament in Strasbourg 00:00:08
00:01:50 1969 : 1-2 December European Council of The Hague Agreement on the principle of an Economic and Monetary Union 00:00:03
00:01:53 Family photo, general view 00:00:05
00:01:58 Round table (general shots) 00:00:15
00:02:13 Statement by Jean Rey, Commission President, on the principle agreement of a Monetary Union 00:00:27
00:02:40 1970 : 8 October The Werner Plan defines the EMU project (conversion, fixing rates, convergence, co-ordination) 00:00:03
00:02:43 Press conference given by Pierre Werner, Luxembourgish Prime Minister, on the report of his group during the Council of 8th February 1971. 00:00:21
00:03:04 On the fixing of European currencies 00:00:16
00:03:20 On the irreversibility of the EMU process 00:00:34
00:03:54 On going from the first phase to the second phase of EMU 00:00:23
00:04:17 Graphics on the transformation of six currencies into a european currency (1971). European currency symbol 00:00:14
00:04:31 1970 : 11 December Signature of the agreement launching a loan by the ECSC in european currency units 00:00:03
00:04:34 Close up of the documents 00:00:09
00:04:43 Round table and signatures 00:00:06
00:04:49 Close up of the signatures 00:00:08
00:04:57 1972 : 19-20 October Reunited at the Paris Summit, the 9 support the date of 1980 for the overcome of the EMU and decides to create FECOM (Fonds Européen de Coopération Monétaire) 00:00:03
00:05:00 Date of the European Council of Paris (being typed) 00:00:09
00:05:09 General shots of the participants (Edward Heath, Willy Brandt) 00:00:17
00:05:26 Georges Pompidou welcoming the new Member States: Denmark, Ireland and the United Kingdom 00:00:35
00:06:01 1972 : 24 April Coming into play of "The European Monetary Snake" 1973 : March Severe devaluation of the dollar and beginning of the general floating of currencies, energy crisis and recession - The Snake brings down the dollar 00:00:03
00:06:04 General view of exterior of Berlaymont building 00:00:05
00:06:09 View of the city of Brussels during a weekend traffic ban (5 shots) 00:00:19
00:06:28 1975 : December Tindemans Report on the future of the EMU 00:00:04
00:06:32 The Prime Minister of Belgium Léo Tindemans 00:00:05
00:06:37 Léo Tindemans and the President of the European Commission, Francois-Xavier Ortoli 00:00:03
00:06:40 Léo Tindemans and Federal Chancellor Helmut Schmidt 00:00:04
00:06:44 Léo Tindemans and the Prime Minister of Italy, Aldo Moro 00:00:02
00:06:46 From right to left, King Baudouin, Valéry Giscard d'Estaing, Gaston Thorn, Léo Tindemans 00:00:04
00:06:50 Statement by Mr. Tindemans on his report on the European Union 00:01:11
00:08:01 1978 : 7-8 April The European Council of Copenhagen agrees on the principle of a monetary stability zone in Europe. 1978 : 6-7 July European Council of Bremen Valéry Giscard d'Estaing and Helmut Schmidt proposing the creation of the Monetary System in place of the Snake. 00:00:02
00:08:03 Shots of Giscard d'Estaing 00:00:03
00:08:06 Valéry Giscard d'Estaing and Helmut Schmidt 00:00:09
00:08:15 Francois-Xavier Ortoli 00:00:02
00:08:17 Gaston Thorn 00:00:02
00:08:19 Roy Jenkins 00:00:08
00:08:27 Final press conference given by German Federal Chancellor H. Schmidt and the President of the European Commission, Roy Jenkins. 00:00:19
00:08:46 Statements on the Snake 00:00:20
00:09:06 1978 : 5-6 December The European Council of Brussels decides on the creation of EMS from 1/1/79. 00:00:03
00:09:09 Demonstration outside the Commission in favour of a single currency 00:00:07
00:09:16 Family photo 00:00:24
00:09:40 H. Schmidt reading the paper 00:00:05
00:09:45 Close up of Hans-Dietrich Genscher 00:00:08
00:09:53 Final press conference of the Council President, Valéry Giscard d'Estaing announcing the implementation of the EMS 00:01:11
00:11:04 1979 : 13 March Launching of the EMS - ECU, composed of a mix of national currencies, to become the European Counting Unit. 1981 : The European Investment Bank (EIB) makes loans available in ecus. 00:00:03
00:11:07 General view of the exterior of the EIB and the logo of the EIB 00:00:04
00:11:11 Shot of bonds issued by the EIB in ecus 00:00:06
00:11:17 1985 : December The Commission proposes measures destined for the creation of an economic area that would allow for the free movement of persons, goods, services and capital 00:00:03
00:11:20 Graphics on free movement 00:00:30
00:11:50 Statement by Commission President Jacques Delors on the achievement of the Single Market. 00:00:25
00:12:15 1986 : 17 February Signing of the Single Act with the objective of a progressive achievement of the EMU 00:00:03
00:12:18 Single Act document 00:00:04
00:12:22 Signature by the nine Foreign Affairs Ministers of the Single Act : Léo Tindemans 00:00:03
00:12:25 Hans-Dietrich Genscher 00:00:02
00:12:27 Francisco Fernandez Ordonez 00:00:03
00:12:30 Roland Dumas 00:00:02
00:12:32 Peter Barry 00:00:03
00:12:35 Robert Goebbels 00:00:03
00:12:38 Hans Van Den Broeck 00:00:02
00:12:40 Pedro Pires de Miranda 00:00:02
00:12:42 Lynda Chalker 00:00:03
00:12:45 Statement by Lord Cockfield at the European Parliament 00:00:21
00:13:06 1988 : 27-28 June The European Council of 28th February 1987 in Hanover gives itself a year to reach the EMU. They will entrust a committee directed by Jacques Delors with a mission to "study and propose concrete phases leading to an EMU". 00:00:03
00:13:09 Press conference given by Jacques Delors on the liberalisation of the movement of capital 00:00:49
00:13:58 Family photo 00:00:09
00:14:07 Round table (3 shots) 00:00:12
00:14:19 Final press conference of German Federal Chancellor H. Kohl, in German (2 shots) 00:01:04
00:15:23 Statement by Jacques Delors on the Central Bank and the EMU 00:00:20
00:15:43 On the new European dynamics 00:00:33
00:16:16 Jacques Delors on the ad hoc Committee 00:00:26
00:16:42 Demonstration by the European federalists 00:00:05
00:16:47 Shot of the sign requesting the abolition of frontiers 00:00:03
00:16:50 Shot of banner requesting a single currency for Europe 00:00:04
00:16:54 1989 : 17 April The Delors Committee Report of the EMU proposes a 3 stage plan to complete the EMU. 00:00:03
00:16:57 Shots of the Delors Committee Report on the Economic and Monetary Union 00:00:05
00:17:02 Pages of the Report 00:00:03
00:17:05 1989 : 26-27 June European Council of Madrid The Delors Committee Report becomes the reference material for the process towards EMU 00:00:03
00:17:08 Shot of the exterior of the "Congress Palace" in Madrid 00:00:07
00:17:15 F. Gonzalez and H. Kohl 00:00:02
00:17:17 Family photo (2 shots) 00:00:13
00:17:30 Final press conference given by F. Gonzalez, Council President, and J. Delors, President of the European Commission The two main themes of the conclusions being: EMU and the social dimension of the EEC 00:00:19
00:17:49 Global process of the EMU and the announcement of the Intergovernmental Conference (IGC) 00:00:44
00:18:33 J. Delors on the progress of the EMU 00:00:41
00:19:14 J. Delors on the irreversibility of the process that will bring us to an EMU 00:00:10
00:19:24 J. Delors: "From the point of view of an ideal european, what is the Economic and Monetary Union..." 00:00:26
00:19:50 1989 : 21 September The Spanish peseta and Portuguese escudo enter the composition of the ecu. 1989 : 8-9 December The European Council of Strasbourg establishes that the decisions taken to reinforce the co-ordination of economic policies and collaboration between central banks will allow for the first phase of the EMU to begin as of 1st July 1990. 00:00:03
00:19:53 Arrival of President F. Mitterrand 00:00:04
00:19:57 F. Mitterrand and R. Dumas 00:00:02
00:19:59 Arrival of J. Delors and F. Andriessen 00:00:08
00:20:07 Family photo (2 shots) 00:00:15
00:20:22 Shot of F. Mitterrand 00:00:05
00:20:27 Statement by F. Mitterrand on EMU and the IGC 00:00:44
00:21:11 1990 : 1 July Official liberalisation of movement of capital in 8 countries of the EEC. Start of the first phase of the EMU 00:00:04
00:21:15 National currencies on the background of the map of Europe Banks, exterior view: 00:00:10
00:21:25 Crédit agricole 00:00:02
00:21:27 Société Générale 00:00:02
00:21:29 Rabobank 00:00:02
00:21:31 Banco Central 00:00:02
00:21:33 Barclay's Bank 00:00:02
00:21:35 Cariplo 00:00:02
00:21:37 Deutsche Bank 00:00:02
00:21:39 1990 : 8 October The Pound sterling enters the composition of the ecu. 1990 : 27-28 October The European Council of Rome postpones the introduction of the second stage of the EMU until 1/1/94. 00:00:02
00:21:41 Arrival of H. Kohl and federalists demonstrating in the street 00:00:08
00:21:49 Arrival of Mrs Thatcher 00:00:10
00:21:59 Round table (2 shots).00 00:00:10
00:22:09 Family photo (2 shots) 00:00:32
00:22:41 Final press conference given by G. Andreotti, Council President, and J. Delors, President of the Commission 00:00:13
00:22:54 Remarks made by J. Delors on the Council communique and the new working plan of the Council 00:01:09
00:24:03 J. Delors: "We must have a single currency before the year 2000" 00:00:17
00:24:20 Press conference given by F. Mitterrand 00:00:09
00:24:29 Statement given by F. Mitterrand on the fixing of the second phase of the EMU as of the 1st January 1994 00:01:00
00:25:29 On the participation of national currencies in the Single Currency 00:00:30
00:25:59 1991 : 9-11 December European Council of Maastricht Decision to revise the Treaties and to promote an economic and monetary union aswell as a political union. The 12 decides that the Single Currency will be created before the 1st January 1999. 00:00:03
00:26:02 Exterior shots of the MECC "Maastricht Expositie en Congres Centrum" 00:00:06
00:26:08 Round table (4 shots) 00:00:13
00:26:21 Family photo with Her Majesty the Queen of the Netherlands 00:00:05
00:26:26 Final press conference given by R. Lubbers, Council President, on the Single currency: ".... You can be sure of a single currency before the end of the nineties" 00:00:27
00:26:53 Remarks given by the Commissioner H. Christophersen on the United Kingdom obtaining an opt-out clause for the third phase of the EMU 00:00:23
00:27:16 1992 : 7 February Signing of the Maastricht Treaty 00:00:03
00:27:19 Official signing ceremony of the Treaty of Maastricht Signatures of the representatives of Denmark, Italy, Spain and the United Kingdom 00:00:11
00:27:30 Maastricht Treaty signed by all the Member states of the EC 00:00:11
00:27:41 Distribution of pamphlets in favour of a "yes vote" for Denmark 00:00:02
00:27:43 Posters for "yes" and "no" vote in Denmark 00:00:04
00:27:47 Series of posters for "yes" and "no" vote in Ireland 00:00:06
00:27:53 1992 : 17 September The lira and the pound come out of EMS. Crisis meeting of the Monetary Committee of the EC in Brussels 00:00:03
00:27:56 Distribution of the press communique announcing that the Italian lira and pound sterling are coming out of the EMS 00:00:03
00:27:56 British Finance Minister, Norman Lamont 00:00:03
00:27:59 Statement by a Portuguese representative explaining the reasoning behind the departure of the lira and the pound 00:00:00
00:27:59 Press conference given by Mr. Lamont, President of the ECO-FIN Council 00:00:25
00:28:09 The Danish Minister U. Jenssens explains the Danish position 00:00:07
00:28:16 ECO-FIN Council of 28th September, Italian delegation 00:00:08
00:28:24 Cutaways 00:05:48
00:28:26 The British representative Sir Niger Wykes leaving 00:00:02
00:28:28 The Vice President of the Commission H. Christophersen talking about the EMS 00:00:13
00:28:41 Italian lira (2 shots) 00:00:06
00:28:47 Pound sterling (2 shots) 00:00:06
00:28:53 1992 : 11-12 December European Council of Edinburgh Denmark notify that they will not be participating in the third phase of the EMU 00:00:02
00:28:55 Exterior shots of the Edinburgh Castle (2 shots) 00:00:07
00:29:02 The Prime Minister, J. Major 00:00:02
00:29:04 Round table 00:00:08
00:29:12 Family photo (3 shots) 00:00:18
00:29:30 General shots of the final press conference given by J. Major 00:00:38
00:30:08 1993 : 30 January Devaluation of the Irish punt by 10 % 00:00:03
00:30:11 Irish punt (4 shots) 00:00:09
00:30:20 1993 : 13 May Devaluation of the Spanish peseta by 8% and Portuguese escudo by 6% 00:00:03
00:30:23 panish peseta (4 shots) 00:00:37
00:31:00 1993 : 2 August Faced with the crisis caused by the changes, the Finance Ministers and the Central Banking Governors of the 12 Member States decide to enlarge the margins of currency fluctuation by 15% in the EMS 00:00:03
00:31:03 Paris Stock Exchange 00:00:21
00:31:24 Exchange offices 00:00:10
00:31:34 Council of Finance Ministers at the Borschette European flag and exterior shot of the Borschette buildings 00:00:05
00:31:39 Arrival of Ministers 00:00:17
00:31:56 Press conference given by Commissioner Christophersen on Monetary Co-operation 00:00:37
00:32:33 1993 : 25 October Preparation of the launch of the second phase of the EMU 00:00:03
00:32:36 ECO-FIN Council in Luxembourg, exterior of the Kirchberg Conference Centre 00:00:04
00:32:40 Arrival of H. Christophersen 00:00:02
00:32:42 Arrival of J. Delors 00:00:04
00:32:46 Round table 00:00:07
00:32:53 Press conference given by Philippe Maystadt, Council President, announcing the launch of the second phase of the EMU 00:00:15
00:33:08 1994 : 1 January Implementation of the second stage of the EMU and the creation of the European Monetary Institute (EMI), to be the future European Central Bank 00:00:03
00:33:11 Exterior shot of the Messeturm, seat of the EMI 00:00:03
00:33:14 Mr. Lamfalussy, Director of the EMI, and the members of the Council of the Governors of the Central Bank, prior to the first meeting of 11th January 1994. 00:00:09
00:33:23 Round table 00:00:12
00:33:35 Political hearing of Mr. Lamfalusy in front of the Monetary Committee of the EP 00:00:37
00:34:12 1995 : 31 May Adoption by the European Commission of the Green Paper on the Single Currency (reference scenario) 00:00:02
00:34:14 Statement by the Commission President, J. Santer, on the Green Paper and the Single Currency 00:00:34
00:34:48 Statement by the Commissioner de Silguy on the Single Currency 00:00:02
00:34:50 On the three phases of EMU and the way to a single currency 00:01:36
00:36:26 1995 : 26-27 June European Council of Cannes Presentation of the Green Paper to the Heads of State and Government 00:00:03
00:36:29 Round table (2 shots) 00:00:05
00:36:34 Family photo (4 shots) 00:00:29
00:37:03 Final press conference given by Jacques Chirac, President of the European Council, and Jacques Santer, President of the European Commission 00:00:06
00:37:09 Statement by J. Chirac on the construction of the European Union 00:00:28
00:37:37 Statement by J. Santer on the decision to prepare the way for a single currency on 1st January 1999 00:00:21
00:37:58 Statement by J. Major on the impossibility of having a single currency by that date 00:00:19
00:38:17 1995 : 22-23 September Informal European Council of Majorca 00:00:03
00:38:20 Family photo (3 shots) 00:00:19
00:38:39 Statement of friendship and collaboration between Italy and Germany by Lamberto Dini, Prime Minister of Italy 00:00:41
00:39:20 Final press conference given by F. Gonzalez, Council President, and J. Santer, Commission President on the "Waigel effect" 00:00:28
00:39:48 Remarks made by F. Gonzalez on the statement made by H. Kohl 00:00:23
00:40:11 1995 : 15-16 December European Council of Madrid The Council adopts the name "Euro" as the name for the future Single Currency. It also agrees on a timetable on convergence criteria to make way for a single currency 1999 and on the 1999-2002 calendar. 00:00:04
00:40:15 Exterior shot and logo of the Spanish Presidency 00:00:06
00:40:21 Round table 00:00:11
00:40:32 Family photo 00:00:06
00:40:38 The Spanish Finance Minister, Pedro Solbes, announces the adoption of the name "Euro" for the future Single Currency 00:00:11
00:40:49 The Commissioner de Silguy announces the disappearance of the Ecu and the creation of the Euro 00:00:18
00:41:07 President Santer declares the irreversibility of the EMU process 00:00:18
00:41:25 1996 : 16 October The Commission adopts the 3rd phase of the EMU, specifying in particular the convergence criteria rules applicable to the candidate countries for the Single Currency. 00:00:03
00:41:28 The Commissioner Yves-Thibault de Silguy stresses the effectiveness and the balance of the new european system. 00:00:36
00:42:04 1996 : 12-13 December Council of Dublin The European Council of Dublin adopts the pact for budgetary stability and growth aiming to ensure that the budgetary discipline effort of the Member States continues after the introduction of the Single Currency. The Austrian Robert Kalina is the winner of the graphic art competition of the Euro notes. 00:00:03
00:42:07 General view of the press room (2 shots) 00:00:11
00:42:18 Alexandre Lamfalussy, President of the EMI, presents the Euro notes to the press (2 shots) 00:00:10
00:42:28 Alexandre Lamfalussy in English on the choice of the winner of the design competition, the Austrian Robert Kalina. 00:00:48
00:43:16 Extract of the final press conference of French President Jacques Chirac, in French, on the stability and growth pact. 00:00:44
00:44:00 1997 : 16-17 June European Council of Amsterdam The European Council of Amsterdam adds to the stability pact a resolution on growth and employment . The Belgian Luc Luycx is the winner of the graphic art competition of the Euro coins. 00:00:03
00:44:03 M. Patijn, Mayor of Amsterdam, offers bicycles to the Heads of State and Government (4 shots) 00:00:28
00:44:31 Gerrit Zalm, Dutch Minister of Finance, reveals the new Euro coins (2 shots) 00:00:19
00:44:50 Overall view of the conference hall 00:00:05
00:44:55 Y.-Th. de Silguy commenting in French on the symbolism of the new coins. 00:00:30
00:45:25 Extract from the press conference of Jacques Santer, commenting on the progress compromises carried out in Amsterdam. 00:00:35
00:46:00 1997 : 12-13 December European Council of Luxembourg The European Council of Luxembourg ratifies the principles for a Euro Council to assemble the future states taking part in the Single Currency, as well as serving as counterweights to the future European Central Bank (ECB). 00:00:03
00:46:03 Family photo of the Heads of State and Government at the Grand-Ducal Palace (2 shots) 00:00:27
00:46:30 Exterior of the EIB (European Investment Bank) 00:00:06
00:46:36 Overall view of the meeting-room of the Council of Ministers of Finance 00:00:06
00:46:42 Théo Waigel (Germany) 00:00:04
00:46:46 Dominique Strauss-Kahn (France) 00:00:08
00:46:54 Robert Goebbels (Luxembourg), Philippe Maystadt (Belgium) and Sir Brian Urwin, President of the EIB. 00:00:06
00:47:00 Extract from the press conference of Théo Waigel in German on the status of he «Euro X» group. 00:00:28
00:47:28 Extract from the final press conference of Jean-Claude Juncker, President of the Council, in French, on the construction of the Monetary Union. 00:00:33
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