CEPS Activities. Review 2011 - Preview 2012:
Gespeichert in:
Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Brussels [Belgium] CEPS Centre for European Policy Studies 2011
Schlagworte:
Online-Zugang:BSB01
Beschreibung:The prevailing financial or euro crisis is a reflection of inadequate fiscal policies in combination with a lack of competitiveness in several member countries of the eurozone. Whatever its causes, however, it has exposed fundamental weaknesses in the design of EMU as well as insufficient implementation of the rules governing the euro area. After all, EMU stands for Economic and Monetary Union. These deficiencies had been signalled earlier in the 1990s, but they have been ignored since then by many politicians and financial markets as well. At this moment, it is still unclear whether the euro-area members are able and willing to resolve this crisis by taking the necessary and far-reaching decisions towards a much higher degree of integration. Such moves would go beyond a 'fiscal union' and would necessarily cover essential elements of macroeconomic policies as well
Beschreibung:1 Online-Ressource (40 Seiten)

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