Trade unions for EMU: Sectoral preferences and political opportunities

Surveys conducted on the political economy of Europe's Economic and Monetary Union have seldom considered the response of domestic interest groups, notably trade unions. This article contrasts and explains the positions on EMU adopted by major British, French and German trade unions, in the process reassessing the so‐called interest group approach to preference formulation. It is argued that while the impact of sectoral orientation appears significant, it is mitigated by the intervention of ideological and institutional factors. On a substantive level, unions turned out to be broadly supportive of what many had labelled a ‘monetarist’ project. If as is often argued, social and political cohesion is needed for monetary union to endure, this represents an important development.