pt. 1. European imbalances and competitiveness -- pt. 2. Competitiveness and external trade -- pt. 3. The German model of labour market reforms -- pt. 4. Regional development : the Italian Mezzogiorno and former East Germany.

Introduction : the Baltics and the political economy of austerity / Jeffrey Sommers and Charles Woolfson -- 1. Austerity, internal devaluation, and social (in)security in Latvia / Jeffrey Sommers -- 2. Stockholm syndrome in the Baltics: Latvia's neoliberal war against labor and industry /...

1. Introduction -- 2. Asymmetric shocks and heterogeneity following the creation of the EMU -- 3. Prerequisites for coordination and options for its design -- 4. Coordination in the EU before the government-debt crisis -- 5. The expansion of coordination in the EU -- 6. Summary.