Work
It was the successor to the Ortoli Commission and was succeeded by the Thorn Commission. 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. President Jenkins was the first President to attend a G8 summit on behalf of the Community.
Read more about this topic: Jenkins Commission (EU)
Famous quotes containing the word work:
“One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man.”
—Elbert Hubbard (1856–1915)
“Honorable Senators: My sincerest thanks I offer you. Conserve the firm foundations of our institutions. Do your work with the spirit of a soldier in the public service. Be loyal to the Commonwealth and to yourselves and be brief; above all be brief.”
—Calvin Coolidge (1872–1933)
“Freedom of enterprise was from the beginning not altogether a blessing. As the liberty to work or to starve, it spelled toil, insecurity, and fear for the vast majority of the population. If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this freedom would be one of the greatest achievements of civilization.”
—Herbert Marcuse (1898–1979)