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 sluggish growth and increased energy expenses, the Jenkins Commission facilitated the development of the Economic and Monetary Union within the European Union, which began in 1979 as the European Monetary System, an early stage towards the Single Currency or euro.