The new policy environment of EMU affects economic, political, and social cohesion in different ways: the policy mix and menu will be reconfigured; it will provide for more macroeconomic stability in cohesion countries; economic competition will intensify and change patterns of specialisation; and...

In March, the European Commission released its Europe 2020 strategy proposal, which strives for smart, sustainable and inclusive growth and greater policy coordination between the EU and national governments. While the document was greeted with scepticism in some quarters, others believe it lays...

The ECOFIN Council decision of November 2003 that noted the existence of ‘excessive deficits’ in France and Germany but did not impose sanctions on these two governments was widely interpreted as sounding the death-knell for the Stability and Growth Pact. A ruling by the European...