Will EMU Lead to a European Economic Government

Currie, David; Donnelly, Alan; Flassbeck, Heiner; Hall, Ben; Lemierre, Jean; Padoa-Schioppa, Tommaso; and Wicks, Nigel

ISBN 10: 1901229114 / ISBN 13: 9781901229110

Published by Centre for European Reform, London, 1999

About this Item

60, wraps, illus. Sponsored by PriceWaterhouseCoopers.

Seller Inventory # 41006

Bibliographic Details

• Title: Will EMU Lead to a European Economic Government
• Publisher: Centre for European Reform, London
• Publication Date: 1999
• Language: English
• ISBN 10: 1901229114
• ISBN 13: 9781901229110
• Binding: Soft cover
• Edition: First? Edition. First? Printing.
• Condition: very good

About this title

Synopsis

The European Central Bank runs monetary policy for countries in the euro-zone, but national governments remain responsible for most other aspects of economic policy. The contributors to this pamphlet address the question of whether the euro can work without the centralisation of budgetary, tax and employment policy. Although there will have to be closer co-ordination of national policies in order to achieve the supply-side reforms, budgetary discipline and solid growth that a successful EMU requires, most of the writers argue that the co-ordination will work through peer pressure and the exchange of best practice, rather than the transfer of more power or resources to EU institutions.