The authors assess the performance of the Structural Funds’ implementation system in six Member States of the European Union. Considering the strengths and weaknesses, they develop a reform model for the implementation of European structural policy after 1999. The strengths of the existing...

This paper focuses on roots of strain in the European Monetary Union (EMU). It argues that there is need for a thorough reform of the governance structure of the Union in conjunction with radical changes in the regulation and supervision of financial markets. Financial intermediation has gone...