The enlargement of the European Union (EU) to ten new members on 1st May 2004 constitutes a major event from both a political, economic and social viewpoint. While it is the greatest in terms of population since the inception of the European construction, this enlargement also encompasses mostly...

Germany?s current economic strategy is a variant of the so-called ?competitive disinflation? that France pursued in the late 1980s?. It is but one in a large array of non-cooperative strategies that EU countries have individually chosen to implement since the beginning of the monetary...