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The Economic Consequences of EMU for Britain

In: The Impact of the Euro

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  • Jonathan Michie

Abstract

Europe seems locked into high levels of unemployment into the twentyfirst century, with all the economic and social misery which goes with that. The blame is put alternatively on the ‘world recession’, or on trade unions, or on new technology, or on immigrants. Almost anywhere except on government economic policy. Yet the governments of the European Union have been deliberately pursuing deflationary, low growth, high unemployment policies under the auspices of the Maastricht convergence criteria.

Suggested Citation

  • Jonathan Michie, 2000. "The Economic Consequences of EMU for Britain," Palgrave Macmillan Books, in: Mark Baimbridge & Brian Burkitt & Philip Whyman (ed.), The Impact of the Euro, chapter 3, pages 42-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37244-3_3
    DOI: 10.1057/9780230372443_3
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