Europe's slowing economies

Article Abstract:

European economic growth forecasts have been revised downwards, and this is creating problems for European monetary union. There is a lack of transparency around the monetary policy of the European Central Bank, and there is concern that it could delay cutting interest rates too long. Individual countries cannot use fiscal policy to offset monetary policy since they are constrained by agreed budget deficit limits. There is a need for looser fiscal and monetary policy, and for countries to be able to boost demand using fiscal policy.

Editorial

---

Europe's new currency: gambling on the euro

Article Abstract:

Progress toward European monetary union has been a major achievement and the project is ambitious. Currency fluctuations within Europe have been minor in 1998 compared with changes world wide. There are risks involved with the project such as the risk of recession due to poor economic policies, and dangers from inflexibility or asymmetrical shocks. The projects will be successful if there are benefits such as low inflation, a drop in unemployment and an increase in trade and investment.

European Union, Cover Story

---

Similar abstracts:

• Abstracts: Europe's adventure begins. The power of eleven. The merits of one money
• Abstracts: From process to procession. Calling John Hume
• Abstracts: Turning left. Ashcroft v Murdoch. The war divides
• Abstracts: Internet steers new investors toward individual stocks. Targeting small investors: Hong Kong funds require modest contributions
• Abstracts: Water privatisations yet to mature. Water and sewer privatization hits the mass market

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.