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单词 hard ecu
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hard ecu
hard ecu n. [ < hard adj. + ECU n. at E n.1 Initialisms] now historical a proposed monetary unit intended to be used alongside European national currencies and managed by a European monetary fund, as an alternative to or intermediate step towards a single European currency; see ECU n. at E n.1 Initialisms.Proposed by John Major, then Chancellor of the Exchequer, in 1990, in response to the proposal of the President of the European Commission, Jacques Delors, for a single currency and European bank.
ΚΠ
1990 Independent 17 May 27/7 Rather than rushing to a common currency a ‘hard’ ECU could be made the point of reference of the system, always as strong as the strongest currency within it.
1990 J. Major in Financial Times 21 June i. 10/4 In my view, the best approach is the creation of a new ‘hard Ecu’. Under this approach the Ecu would no longer be defined as a basket of currencies but would become a genuine currency in its own right.
2005 Financial Times 10 Sept. 8/1 Britain..once proposed a ‘hard ecu’ to compete with Europe's national monies.
extracted from hardadj.n.
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