La sostenibilità dell’UEM, il completamento dell’unione economica e i rapporti con l’unione politica - EMU Sustainability, Economic Union Completion and Links with the Political Union
This paper studies the relationship between EMU sustainability and the European Political Union. Following De Grauwe’s suggestions, it is shown that a number of independent economic policies remained in the realm of each member country despite the setting up of EMU could produce shocks putting at risk the latter’s survival. Long term sustainability of EMU requires a full political union of EU countries.
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Volume (Year): 61 (2008)
Issue (Month): 2-3 ()
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