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Sustainable Growth in the EU - Challenges and Solutions (Hardcover, 1st ed. 2017)
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Sustainable Growth in the EU - Challenges and Solutions (Hardcover, 1st ed. 2017)
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This book explores the diverse challenges facing the EU and in
particular examines the impediments to financial stability and
sustainable growth and how these can be overcome. Among the topics
explored are the extent to which monetary union has favored real
convergence, competitive imbalances in the eurozone, and the
impacts of austerity measures. Potential solutions are closely
scrutinized, highlighting the need for linked fiscal, monetary,
credit, and investment choices. Opportunities for public and
private investment in infrastructure, human capital, the
environment, and innovation are emphasized, as is the role of
fiscal stimulus targeting aggregate demand and output. Detailed
attention is paid to the importance of coordination of
macroeconomic policies and the scope for reforms in EMU design and
EU governance. In this context, the proposals in the recent Five
Presidents' Report are assessed, along with other ideas regarding
progressive steps aimed at closer economic, financial, and
political union in the medium to long term. Readers will also find
separate scrutiny of the Greek crisis and the effectiveness of the
third economic adjustment programme. The book comprises a selection
of contributions presented at the XXVIII Villa Mondragone
International Economic Seminar.
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