The Approach to EU and EMU Membership: the Implications for Macroeconomic Policy in Applicant Countries
Many commentators have noted the fact that the so-called “Eastern enlargement” of the EU is unique, in the sense that never before have countries which are so much poorer than the EU been admitted. Furthermore, they are being admitted to an EU which is far more internally liberalised (the single market) and intergrated (EMU) than … Continued