Despite stagnating growth and a higher energy bill, the Jenkins Commission oversaw the development of the Economic and Monetary Union of the European Union from 1977, which began in 1979 as the European Monetary System, a forerunner of the Single Currency or euro.
Despite slow growth and a higher energy cost, the Jenkins Commission managed the creation of the Economic and Monetary Union of the European Union from 1977, which started in 1979 as the European Monetary System, an early version of the Single Currency or euro.