How to deal with economic divergences in EMU ?
type: Dataset
description: Since the launch of the euro, persistent and even rising disparities among Member States have made it difficult to implement short-term or structural common economic policies. The article gives an overview of euro area disparities in terms of growth and inflation and imbalances, mainly unemployment and current accounts. Four explanations are considered: the benefits of the single currency for catching-up countries, the weaknesses of the euro area economic policy framework; the implementation of non-cooperative domestic policies which have induced excessive competition and insufficient coordination and hurt mainly the larger economies; the crisis of the European Continental model in a global world. Four strategies are discussed: increasing market flexibility; moving towards the knowledge society of the Lisbon Agenda; re-nationalising economic policies; introducing a more growth-oriented policy framework.
issued: 2026-05-05T17:02:25.610657
language: en
modified: 2026-05-05T17:02:25.610662
contact point: Organization
  fn: CCSD
keyword: european-economy
keyword: european-social-model
keyword: infoeu-reposemanticspreprint
keyword: jel-e---macroeconomics-and-monetary-economicsee6---macroeconomic-policy-macroeconomic-aspects-of
keyword: policy-mix
keyword: preprints-working-papers-
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
landing page: https://sciencespo.hal.science/hal-00972872

How to deal with economic divergences in EMU ?
type: Distribution
format: HTML
issued: 2026-05-05T17:02:25.612611
modified: 2026-05-05T17:02:25.601484
access URL: https://sciencespo.hal.science/hal-00972872

test_moissonnage_selune
type: Agent