Der Euro: Katalysator fur den Wandel

In: Internationale Politik: das Magazin für globales Denken, Band 57, Heft 6, S. 45-50

Abstract

According to the executive director of the IMF, the European Currency Union is a self-fulfilling evolutionary mechanism. Monetary & financial stability are a clear policy preference in most countries of the Euro zone. Missing are more flexible product & labor markets particularly in continental Europe. But, the integration strength of the Euro will lead to the adaptation of these areas. Adapted from the source document.