Jacques Delors, Architect of the Euro and Single Market, Passes Away at the Age of 98

Jacques Delors, the mastermind behind the euro and the European single market, has passed away at the age of 98. Known for his confrontations with UK Prime Minister Margaret Thatcher in the '80s and '90s, Delors led the European Commission from 1985 to 1995.

French President Emmanuel Macron praised him as a pivotal French statesman following his death.

During his tenure, Delors was a prominent figure in broadening the European Community - then composed of 10 countries - by welcoming Spain, Portugal, Sweden, Austria, and Finland. He played a significant part in Germany's reunification and fostered a strong Franco-German alliance, crucial for EU cohesion.

Remembered for his brilliance and intense work ethic, Delors was both respected and feared for his ability to maneuver political deals. He balanced his Catholic upbringing, socialist beliefs, and support for a market economy throughout his career, which included serving as France's finance minister before leading the European Commission.

Delors spearheaded the 1992 Maastricht Treaty, which formed the European Union and launched the single market in 1993. Though he steered clear of running for French presidency in 1995, he continued his European engagement through his think-tank and advocacy for federalism.

He reflected on the euro during the 2010-2013 debt crisis, recognizing its strengths and the political ambition behind its creation despite its economic shortcomings. Delors' legacy continues through his daughter Martine Aubry, mayor of Lille and a notable figure in French politics.