- Major Hurdles to the Success of the European Economic
and Monetary Union: The Future of the Euro.
In the 1992 Maastricht Treaty, the 15 members of the European Union (EU) agreed to form the Economic and Monetary Union (EMU) in which there would be one currency, the euro, managed by a European Central Bank. A single currency would have the following results: (1) It would allow goods, ......
- The euro after three years.
At the beginning of 1999, 11 countries (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxemburg, The Netherlands, Portugal, and Spain) entered Stage Three of the European Economic and Monetary Union (EMU), thereby abandoning their national currencies for the common currency euro; 2001 Greece followed. Among the member states of the ......
- Industry slams expensive demands to reduce effect on
the environment.
European paints industry is bracing itself for another round of expensive demands to reduce its effect on the environment, following the publication of a new proposed directive on emissions from the European Commission. Brussels has asked ministers to approve total national emission ceilings for member states by the year 2010....
- European Labor Markets and EMU Challenges
Ahead.
R[ddot{u}]diger Soltwedel The debate about European Economic and Monetary Union (EMU) has so far been dominated by questions of fiscal convergence and macroeconomic stability. Far less attention has been given to EMU's effects on labor markets, although labor market performance will be crucial in determining the long-term success or failure ......
- MAIN ECONOMIC EVENTS - 1999.
January 1 Euro introduced. Participating countries are Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The currency will be used for non-cash transactions until 2002 and by the end of 2002 the 11 countries will completely abolish their national currencies. The introduction coincides with the ......
- The GDP's of three regions in Western Europe, 1950-1990
HEADNOTE We use the international comparison data of Summers and Heston to trace the development of three regions in Western Europe: the countries currently outside the European Union (EEC), the EEC Center, and the EEC Periphery (Greece, Ireland, Portugal, and Spain). For each year during the period 1950-1990, the per ......
- A taste of battles to come.
THE EUROPEAN UNION in terminal meltdown: that was the message from some sections of the British media after the early collapse of negotiations on the proposed new constitution, just before Christmas. Well, they would say that, wouldn't they? Good news never sold copies. And these particular organs of our press ......