Economic vs. Monetary Union

At a meeting at the London School of Economics Friday 28 April on the Legal Foundations on International Monetary Stability discussions focussed on the divergence between Europe's successful monetary union, and its stalled economic union.

Professor Rene Smits, of the University of Amsterdam and the Netherlands Competition Authority, analysed the reluctance of Europe's political authorities to submit to the strictures of the stability and growth pact. So far only Ireland has been censored in a

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