European Parliament Library

Euro Area Policies :, 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

Abstract
This 2008 Article IV Consultation on euro area policies highlights that 10 years after its launch, monetary union is a distinct success and the euro area a zone of stability in the international economy. However, economic union remains work in progress. Improved wage setting and labor market reforms have contributed to the creation of some 16 million jobs over the past decade. Similarly, the single market program and product market reforms have raised productivity in affected sectors. The outlook for financial stability is highly uncertain, although the area’s financial system remains sound
Table Of Contents
Cover; Contents; Executive Summary; I. Cyclical Developments and Prospects; Boxes; 1. Spillovers Between the Euro Area and the United States; 2. Assessing the External Competitiveness of the Euro Area; 3. Financial Sector Stress, Credit Volume and Euro Area Output; II. Inflation and Monetary Policy; III. Liquidity Management; IV. Fiscal Policy; V. Integrating Europe's Financial Sector; 4. A "European Mandate" for Financial Sector Supervisors; VI. 10 Years of EMU: Progressing with Economic Union; VII. Trade Policy and Food Prices; VIII. Staff appraisal; Figures; 1. Leading Indicators
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452728292

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