Titlebook: Report on the State of the European Union; Volume 5: The Euro a Jérôme Creel,Éloi Laurent,Jacques Le Cacheux Book 2018 The Editor(s) (if ap

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The First Twenty Years: Institutions, Policy and Performanceich defined the objectives and statutes of the ECB and shaped the institutional architecture of Eurozone economic policies -the dominance of monetary policy over fiscal policies-, the characteristics of the implemented monetary policy -a form of inflation-targeting- and its performances. They are no

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Single Market and Single Currency: Intended and Unintended Effects Market. This combination was expected to boost economic growth and foster economic convergence among EU economies. It has led to a significant intensification of economic and financial integration: trade in goods and services has increased, cross-border provision of services and labor commuting too

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Real Divergence: How to Fix It? of the euro have increased, rather than decreased, national and regional differences in economic performance. Even before the 2008–2009 economic crisis and the subsequent sovereign debt crisis, divergences were manifest, though largely ignored. Since then, real economic divergences have widened and

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The Future of the Euro Area: The Possible Reforms and social crisis. The organization of economic policies in the euro area is certainly far from optimal. Far-reaching institutional reforms are needed in order to meet a number of key aims: boost economic development, improve upward convergence, and increase stability. There is certainly no shortag

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A Dynamic Towards Gender Equality? Participation and Employment in European Labour Marketsticipation remain large. Beside these trends, the most recent business cycles affected differently female and male employment and the gendered impact of the great recession is now well documented in the literature. In this chapter, we describe the evolution of the European labour markets with a gend

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Building a Consistent European Climate-Energy Policyogress made on greenhouse gasemissions reduction during this period, the effectiveness of piloting climate and energy policy at the EU level remains questionable. In this chapter, we strive to identify what role the EU can play to be most effective in fostering the implementation of ambitious energy

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Toward a Well-Being Europeative and post-materialistic power; in the current geopolitical context, it must take its “fate into its own hands” and depart from the US where the obsession of growth, profit, and finance is harming the well-being of citizens (a destruction tangible with the alarming degradation of inequality, hea