incompatible with Europe’s social market economy. convergence in the eu and in the euro area is a necessity: the European growth … long-term growth and productivity weakness. Finally, the EU, especially the euro area, suffers from a lack of convergence … single market, a key asset to promote growth and economic well-being, does not undermine the ability of countries to raise …

The single market is often perceived as the panacea for Europe's economic troubles. It is believed that completing the … single market would boost welfare, stimulate growth and increase European competitiveness. However, identifying and … quantifying the channels through which market integration is expected to engender growth is methodologically complex. Although the …

result from the working of the single market, which like international trade is also an exclusive competence of the EU. …

suggests that cross-border capital market integration can be an important complement to fiscal risk sharing; and the departure … from the EU of the United Kingdom - home to the EU’s main capital market centre - makes the project even more relevant …

, the EU is partly protected by the size of its internal market. In addition, the short-term effects would be even greater …

currency union and strongly correlated with intra-euro area capital flows. Macro-prudential policy will need to deal with … financial cycles and intra-euro area capital flows raises the question of whether macro-prudential policy in the euro area can …