Oikonomidēs, Geōrgios; Moutos, Thomas - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 3, pp. 443-448
As far back as 1977, economic analyses of the prospects for monetary union among the (then) European Economic Community … countries were cautioning against moving to a monetary union without substantially increasing the size of the federal budget … circumstances monetary union is impracticable” (Report of the Study Group on the Role of Public Finance in European Integration …