exchange rate as an adjustment instrument. This is an even more basic challenge for the EU because the enlargement challenge … common currency. This contribution deals with these two basic challenges for the EU over the next decade. It starts with a …

destruction for the European Union (EU). The huge damage provoked by the GFC and ESC was, in fact, followed by important … diversity. Thus, even if CMU and BU were successful at reaching EU’s economic goals, their side-effects impair the social and … cultural goals equally enshrined in EU treaties. We argue that CMU and BU should be revised to limit the damage to social and …