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European prosperity reloaded: an optimistic glance at EMU@20

Author(s): Marco Buti and Karl Pichelmann, European Commission

European prosperity reloaded: an optimistic glance at EMU@20pdf(207 kB) Choose translations of the previous link 

Amidst current fears of recession and economic stagnation, this note presents an optimistic view of the euro area's prospects over the medium-term. We claim that the EA has a more than fair chance to leave the crisis behind in a much stronger overall position than before, not least vis-à-vis the US and Japan, and to restore the prosperity triangle of efficiency, fairness and stability. Provided we stay on course with determined policy action, a prosperous EMU@20 may well be on the horizon.

(ECFIN Economic Briefs 19. February 2013. Brussels. pdf. )

ISSN 1831-4473 (online)

ECFIN economic briefs are occasional working papers by the European Commission’s Directorate-General for Economic and Financial Affairs which provide background to policy discussions.

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