This book focuses on the construction of the economic policies of
the Economic and Monetary Union (EMU) and its institutions. It
reviews the faltering economic performance of the EMU countries
before and after the onset of the financial crisis. It exposes the
shortcomings and design faults of the EMU project on fiscal and
monetary policies under the Stability and Growth Pact (SGP) and now
the 'fiscal compact'. It critically examines the labour market
agenda of the EMU and argues for avoidance of the neo-liberal
employment policies being advocated. It proposes an alternative
policy agenda for a sustainable currency union, and asks whether a
currency union can be sustained without de facto political union.
General
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