The European textiles, clothing and leather sector (TCL) lost 40% of its production volume and 40% of its jobs at the same time within a ten year period from 1996. It had to accept continuously rising import shares from low-cost countries – China in particular. The phasing out of the Agreement...

The harmonisation of fiscal and economic policy within the European Monetary Union (EMU) has had a considerable impact on the economies of member countries in the past decade. In particular, several studies indicate that the proceeding economic integration among euro area countries has important...