This paper is concerned with the industrial relations implications of EMU. Specifically, it speculates about the implications of EMU for the institutions and processes involved in regulating the employment relationship, together with the outcomes in terme of pay and employment.

On September 22, 1994 the EU Council of Ministers gave final approval to directive on European Works Councils under the social poicy protocol. Its coverage has subsequently been extended, by decision of the Joint Commitee of the European Economic Area, to all member states of the EEA, excluding...