Contents: 1. Das Deutsch-Französische Wirtschaftspolitische Forum...1 -- 2. Opening Address, Dominique Strauss-Kahn...2 -- 3. Does EMU Need an Employment Pact? - Klaus-Werner Schatz, Institute of World Economics, Kiel...3 -- 4. Is the Stability Pact an Efficient Agreement? - Patrick Artus,...

The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...