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First, we need to recall the initial objectives set for the euro and how these have changed over time, notably due to …
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The shock waves from the U.S. subprime crisis have intensified throughout the last two years and have by now reached almost all economies. The Commission economic forecasts clearly indicated that in Europe the recession would be the deepest since the foundation of the EU. The 2009 Brussels...
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The present global financial crisis is the deepest since the Great Depression of the 1930s. It has impacted severely on the European economy. It has forced policy-makers in the EU and elsewhere to respond with exceptional measures to counter the depressive effects of the crisis. The crisis has...
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The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and keen debate on the future of Europe's economic governance. In that sense it took place at the ideal moment. Participants debated the causes and consequences of the crisis, and...
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There is a widespread perception that imbalances within the euro area are not adjusting, the major difficulty being … number of euro-area countries appear to be bringing fruits in terms of reduced downward wage rigidities. Although the …
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Amidst current fears of recession and economic stagnation, this note presents an optimistic view of the euro area …
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