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Croatian Political Science Review, Vol. 38 No. 3, 2001.

Conference paper

EURO – STABILIZATIONAL PROMISE

Sven Afhüppe ; D-10119 Berlin, Kastanienallee 46, Germany

Full text: croatian pdf 179 Kb

page 82-87

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Abstract

According to the author, the introduction of the euro has created the second largest economic space in the world. However, this economic space is not without its quandaries. For example, the author predicts that the exchange rate for the euro is going to increase only after the conditions for investments within the euro space have improved. All the EU governments must work on structural reforms of the labour market and the social policy. This will be facilitated once the euro has become an international currency equal to the dollar. For this to occur, a political union in Europe must be created since a successful currency needs political clout as a back-up.

Keywords

euro; European Union; European Central Bank; institutional reforms; structural reforms; political union

Hrčak ID:

24540

URI

https://hrcak.srce.hr/24540

Publication date:

28.1.2002.

Article data in other languages: croatian

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