Type
Partie de rapport
Titre
Annex A9 : Disparities in the euro area: a problem for European economic policy
Dans
Economic Assessment of the Euro Area: Forecasts and Policy Analysis. Automn Report 2006. Special Policy Issue : Macroeconomic Differentials and Adjustment in the Euro Area : Stylised Facts and policy Implications
Résumé
EN
We intend to point out three issues. Disparities in growth, inflation and current account balances are a problem in the euro area. The current functioning of the euro area increases growth disparities between the Member States. It is not only domestic problems which could be improved by increasing flexibility in each country: it is the functioning of EMU that should be improved, especially in an enlarged euro area which will increase disparities further.

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