Economic and Monetary Union (EMU) is a leap forward in European integration, removing authority over monetary policy from nation states. This volume examines the ways in which the 'European model of society' has been affected by EMU, showing how national governments have been constrained in their social and industrial policies.
Economic and Monetary Union (EMU) is one of the most important developments in modern European politics. Building on two decades of monetary integration it transfers monetary policy, a core function of the modern state, to an independent European Central Bank (ECB) and limits member states'' fiscal policy discretion. The ECB insists that growth and employment depend on ''flexibilizing'' Europe''s labor markets through deep reforms of the social policies and employment relations which comprise the ''European social model''. Member states retain authority over these areas at the heart of national politics, but how will EMU affect the domestic politics of institutional change? Will EMU reinforce de-regulation and retrenchment or will it facilitate reforms that maintain the protections against economic insecurity, inequality, and unilateral employer power the European model has provided? To address these questions, a transatlantic team of leading experts analyzes the evolving tensions between monetary integration and national social policies.
Get Euros and Europeans by at the best price and quality guranteed only at Werezi Africa largest book ecommerce store. The book was published by Cambridge University Press and it has pages. Enjoy Shopping Best Offers & Deals on books Online from Werezi - Receive at your doorstep - Fast Delivery - Secure mode of Payment
