One of the most important results of the Paris Summit of the nine EEC-members was the decision taken to establish a European Monetary Union until April 1, 1973. Will the Economic Union be now approached more rapidly than in the past?

In diesem Beitrag wird argumentiert, dass die Regierungen der Mitgliedstaaten der WWU und die autonomen Sozialpartner bei der Konzeption und Durchführung der Politik, für die sie jweils verantwortlich sind, den übergeordneten Stabilitätsrahmen berücksichtigen sollten, den der Maastrichter...

The theme of this contribution is how Europe will evolve over the next decade. The key message is that over this decade Europe will be busy digesting the 12 members that joined in 2004 and 2007. Digesting in the context means that the new members will only gradually be incorporated and...

Despite the experience of the ongoing sovereign debt crisis, European banks continue to hold large amounts of bonds from their home governments. This ties the fates of the sovereign and the banks together, leading to the disruptive self-reinforcing feedback loops that brought the euro area to...