Breuss, Fritz - In: WIFO Monatsberichte (monthly reports) 75 (2002) 9, pp. 581-607
convergence criteria alone has already reduced budget deficits in the EU markedly below 3 percent of GDP. With the entry into the … in 1997 (prior to EMU entry) only three of the 15 EU member states (Denmark, Ireland and Luxembourg) boasted of a budget … interactions within EMU may well lead to the conclusion that not only are labour and capital markets in the EU still too rigid but …