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Title: Does the European Economic and Monetary Union Require a Social Dimension?
Authors: Caetano, José
Rico, Nuno
Editors: Caetano, José Manuel
Sousa, Miguel Rocha de
Keywords: European Union
Economic Integration
Social dimension
Structural Reforms
Issue Date: May-2018
Publisher: Nova Science Publishers
Citation: Caetano, José Manuel; Rico, Nuno(2018), "Does the European Economic and Monetary Union Require a Social Dimension?", in Caetano, J.M.; Rocha de Sousa, M. (ed.s), Challenges and Opportunities for the Eurozone Governance, pp. 35-60, New York: Nova Science Publishers, (ISBN: 978-1-53613-474-2)
Abstract: The economic and financial crisis that gripped Europe after 2008 had negative effects in some Euro Zone countries, displaying structural flaws in the EMU’s design. These effects have threatened their social systems, undermining the political viability of European integration. In this context, at the end of 2012 the social dimension entered in the political debate trough the Five Presidents report, which brought new elements to ensure the Euro´s stability. Since then, other initiatives have taken place, recognizing that the Euro´s governance is still incomplete. The article discusses the need to include the social dimension in the EMU, evaluates the initiatives that have been taken in this area and approach the conditions to enable a central macroeconomic stabilization mechanisms to absorb specific shocks and improve resilience in the EU.
ISBN: 978-1-53613-475-9
Type: bookPart
Appears in Collections:ECN - Publicações - Capítulos de Livros
CEFAGE - Publicações - Capítulos de Livros

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