Pisani-Ferry, Jean; Aghion, Philippe; Belka, Marek; von … - 2008
currency was remarkably smooth. The euro area has enjoyed remarkable price stability. After several years of disappointing … the single currency has progressed. In spite of fashionable talk about a break-up of the euro area, the reality is that … authority. A common thread throughout this report is the need for the policy framework of the euro area to be made clearer, more …