Theory of intergovernmentalism best explains not only the creation of the EU (as the EEC), but also the realization of EMU. Discuss.

Theory of intergovernmentalism best explains not only the creation of the EU (as the EEC), but also the realization of EMU. Discuss.

The concept of intergovernmentalism, gives the most suitable explanation about the formation of the European Union and the realization of the European Monetary Union based in the reality that it were the European Nation States the ones that move Europe towards an integration that was first economic, and that was then moved towards a concrete union based in political, social and economic interdependency that can be beneficial to all member states. Based on this reality, the theories of multilevel-governance, neo-functionalism, and institutionalism do not appropriately suit the formation of the European Union, as well as the realization of the European Monetary Union.
The European Union has its bases back in 1951, when the founding members first pooled their coal and steel industries, and established the European Coal and Steel Community (E...