This report details, in ten chapters, the recent history of European monetary co-operation, the importance of any move to a single currency, how implementation will affect each member state, attitudes towards the monetary union from within and outside Europe, how the ecu will stand up to the dollar, and the costs, benefits and problems that will be incurred. With a forward by the EC Commission president Jacques Delors, a glossary of terms and an index, this book is a comprehensive guide to the future monetary system available.