EP report on EMU and enlargement identifies six issues

A study on Economic and Monetary Union and Enlargement, commissioned by the Directorate-General for Research of the European Parliament from the Netherlands Economic Institute, reviews the main policy issues concerning enlargement and the integration of the new member states into the Economic and Monetary Union (EMU).

This study on Economic and Monetary Union and Enlargement, commissioned by the Directorate-General for Research of the European Parliament from the Netherlands Economic Institute, reviews the main policy issues concerning the accession of ten Central and Eastern European Countries, and Cyprus and Malta, and the interaction with their parallel integration into Economic and Monetary Union (EMU).

It discusses six key issues:

” What is the likely phasing and timing of accession into the EU and into the Euro area?

” What are the prospects of the applicant countries meeting the Maastricht criteria for Euro area membership?

” What impact will present and future economic and fiscal policy co-ordination within the EU have on the enlargement process?

” What are the present exchange rate linkages to the Euro area and how will these evolve as first EU membership and then full integration into EMU approach?

” What will be the economic and institutional consequences for the accession countries and the EU itself if countries decide against or for early entry into the Euro area?

” What will be the impact of an expanding Euro area on the international monetary system and on neighbouring country groups remaining outside the EU?

The study is a briefing on facts, opinions and most likely outcomes. It also provides a review of academic literature, policy documents of the EU and the accession countries and on newsmedia articles.

Subscribe to our newsletters

Subscribe
Contribute