CONTENTS: The Lessons of History; Stages of European Integration;
The Role of Monetary Policy in the Integration Process; Common
Currency as Pace-Setter for Political Union; The Labour Market
& Social Union; Compensatory transfers; Possible Political
Tensions; Institutional Arrangements & 'Good Money from
Outside'; The Difficulties & Risks of Monetary Union; Barriers
Against Deficits & Debts; Constitutional restraints;
Ambivalence of the Political Union; Summary.
General
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