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Most of the newly acceded central and east European EU countries are among the main beneficiaries of EU Cohesion Policy …, and thereby to support convergence towards higher levels of per capita income. In the short run, however, EU Cohesion … contribute to internal and/or external macroeconomic imbalances. Economic policymakers should thus ensure that EU Cohesion Policy …
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European Economic and Monetary Union is currently in the course of preparation by an inter-governmental conference. What are the benefits and risks associated with European monetary union? What essential requirements need to be fulfilled when the agreements are concluded?
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