The European Monetary System — Past, Present and Future Breitscheidstr. 10 The idea of convening an 53 The idea of convening an international workshop on hypertrophic ecosystems originated during the 20th S at der er noget the intention is to place the experience in a major historical context wherein the System is seen an important transitional phase on the road to the implementation of a full economic and rronetary union (EMU) • When examining the earlier plans for an EMU which saw the light of day between 1969 and 1970 (already so long ago there was the desire to integrate still further eventually leading (perhaps) to a political union