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The website of the Directorate General for Economic and Financial Affairs has moved.

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Quarterly Report on the Euro Area. September 2003

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Quarterly Report on the Euro Area. September 2003 pdf (390 kB) Choose translations of the previous link 

The third issue in 2003 assesses the current economic situation in the euro area, analysing in particular the role of balance sheet constraints. The report also contains an analytical chapter, discussing the impact of EMU on trade and FDI.

(Quarterly report on the euro area 03. September 2003. Brussels. 32pp. )

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