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Much of the discussion about how to impose more convergence among member states of the eurozone has focused on what national governments should do to avoid divergent developments in a number of macroeconomic variables, e.g. competitiveness or current account imbalances. Without denying that...
Persistent link: https://www.econbiz.de/10013137394
The analysis in this Commentary provides strong evidence showing that the burden of the adjustments to the imbalances in the eurozone between the surplus and the deficit countries is borne almost exclusively by the deficit countries in the periphery. And although the European Commission has now...
Persistent link: https://www.econbiz.de/10013106555
This paper argues that the main challenge currently facing the EU is a community deficit: the low valuation the …, warns that the EU must either introduce strong measures of community building or else significantly scale back its plans for … collective action.He first cites illustrative data to show that there is a considerable level of disaffection from the EU project …
Persistent link: https://www.econbiz.de/10012719589