Resource title

How will EMU affect cohesion?

Resource image

image for OpenScout resource :: How will EMU affect cohesion?

Resource description

The new policy environment of EMU affects economic, political and social cohesion in different ways: the policy mix and menu will be reconfigured; it will provide for more macroeconomic stability in cohesion countries; economic competition will intensify and change patterns of specialisation; and comparison of living standards will become easier, which puts pressure on policymakers to reduce inequalities. This article assesses the significance of these effects and their likely consequences in the short, medium and long run. Then the salient cohesion issues as regards eastern enlargement are discussed. Finally, policy conclusions are drawn, mindful of the considerable uncertainties that warrant further research.

Resource author

Resource publisher

Resource publish date

Resource language


Resource content type

Resource resource URL

Resource license