The study presents the legal and political framework of the EP's institutional position in the EU's common foreign and security policy and analyses the constitutional role of selected national parliaments in foreign policy.

A critical appraisal of current policies in the EU and selected national systems.

Once the euro is a reality, participating Member States will be unable to alter exchange and interest rates. Nor will there be a large federal budget and significant labour mobility, as in the US. How will they then cope with 'asymmetric shocks' ? This study examines these questions in the light...