Innovation, financial activities and the future of EU

Pier Paolo Saviotti

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Abstract: This chapter will contribute to the discussion of the future development of the Euro and of the EU by focusing on the following ideas :[br/][br/] - the measures adopted so far are exclusively financial and do not take into account other aspects of the economic systems of the member countries ;[br/] - the measures adopted so far show an excessive emphasis on austerity at the expense of growth ;[br/] - the measures adopted so far can only be temporarily successful but, even if successful, they are likely to lead to a growing divergence of the national economies of the member countries, thus undermining the stability of both the Euro and the EU ;[br/] - to ensure the future development of the EU and of the Euro, a higher degree of coordination of economic and innovaiton policies are required.

Date: 2013
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Published in Innovation and finance, Routledge, 2013, 978-0415696852

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01123111

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