Economic and monetary union promises both currency stability and a move towards further integration of Europe. Deeper monetary co-operation would strengthen political bonds between EU member states and protect a common market. Thus, since the 1960's, the EMU has been a recurring goal of the European Union whilst its member states have made sustained efforts to strengthen monetary co-ordination between themselves. By strengthening economic links in a way that would make hostilities difficult, if not impossible, European members believe that ....