The One Europe? Context

• One Europe? set out in 1998 to examine 2 main set of issues with regard to EMU

  • The governance issues (Begg et al, www.sbu.ac.uk/euroinst/oneeurope/papers.html) emerging from
    • Decentralised fiscal policy making and centralised monetary policy
    • Regional policy implications
    • Other economic policy issues (labour markets and Lisbon process in effect)
  • The impact of EMU on the ‘outs’ and the ‘nearly ins’ (M Nuti, http://facultyresearch.london.edu/docs/dp8.pdf

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