Report on the State of the European Union : Volume 3: Crisis in the EU Economic Governance

The Report On The State Of The European Union Examines The Progress Of European Integration And Focuses On Economic Aspects Of The Process. Building On The Impressive Previous Volumes, This Third Volume In The Series Explores The Euro Zone In Light Of The Current Financial Crisis. It Includes A Comprehensive Review Of Macroeconomic Performance, An In-depth Analysis Of National Fiscal Policies, The Weaknesses Of The Current Eu Budget And The Eu Environmental Strategy This Book Is Written In An Accessible Way And Will Be A Useful Resource For Academics, Students, Policy-makers, Journalists And Government Advisors. Europe's Economic Problem Is Political After All! -- Globalization And The Twin Protections -- Euro Area Polices And Macro Economic Performance, Ten Years On: Institutions, Incentives And Strategies -- Fiscal Discipline As A Social Norm: The European Stability Pact -- The Ecb's Quiet Hijacking Of The Euro Area's Exchange Rate -- The Irish Tiger And The German Frog: The Tale Of Size And Growth In The Euro Area -- Funding The Eu Budget With A Genuine Own Resource: The Case For A European Tax -- The Eu Environmental Strategy -- If It's Broken, Don't Fix It: The Government Of The Euro Area In The Eu 'reform Treaty'. Edited By Jean-paul Fitoussi And Jacques Le Cacheux. Includes Bibliographical References And Index. Contents......Page 6 List of Tables and Figures......Page 7 Notes on Contributors......Page 10 1 Europe’s Economic Problem Is Political After All!......Page 12 2 Globalization and the Twin Protections......Page 22 3 Euro Area Policies and Macro Economic Performance, Ten Years On: Institutions, Incentives and Strategies......Page 32 4 Peer Pressure and Fiscal Rules......Page 64 5 The ECB’s Quiet Hijacking of the Euro Area’s Exchange Rate......Page 93 6 The Irish Tiger and the German Frog: A Tale of Size and Growth in the Euro Area......Page 115 7 Funding the EU Budget with a Genuine Own Resource: The Case for a European Tax......Page 143 8 The EU Environmental Strategy......Page 171 9 If It’s Broken, Don’t Fix It: The Government of the Euro Area in the EU “Reform Treaty”......Page 198 C......Page 214 E......Page 215 H......Page 217 M......Page 218 P......Page 219 T......Page 220 W......Page 221 This yearly report aims to examine and monitor process of European integration, and analyses the growing role played by EU institutions (Parliament, Council, Commission, Court of Justice) in shaping - through several legislative instruments - the rules governing an increasing number of sectors of the European economy. Itt is a rigorous, albeit non-technical, analysis of a wide range of topics, from the Euro takeoff to competition policy, from the diffusion of the principle of mutual recognition to the consequences of the EU "enlargement" towards Central-Eastern Europe. The report is written in an accessible way focusing on different topics each year depending upon their relevance and current importance. It will be a useful resource for academics and policymakers, journalists, and government advisors This yearly report for 2003-2004 on the state of the European Union aims to examine the progress of European integration and focus on economic aspects of the process. The report focuses on different topics each year depending upon their relevance and current importance