On the Value and Need for Revising the Economic Policy Framework in the Union

Andrew Hughes Hallett

Chapter O in 50 Years of EU Economic Dynamics, 2007, pp 247-255 from Springer

Abstract: Abstract If I had to pick the three problems that have caused the European Union the greatest problems over the past thirty years, I would pick the constitutional issue, enlargement and the problem of settling on a coherent economic policy framework. Many citizens miss an effective system of economic governance in the Union in its current form, and most would argue that this is of more direct relevance to them than adding extra layers to the governmental structures that they already have. What matters to them is the effectiveness and coherence of their economic policies; a clearer case for market and structural reforms that could be used to enhance those economic policies; and a more effective way of handling enlargement when the new member states are increasingly different from the existing members in their economic and social structures.

Keywords: Monetary Policy; Fiscal Policy; Structural Reform; Labour Market Policy; Currency Union (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-74055-1_16

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DOI: 10.1007/978-3-540-74055-1_16

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