Skip to main content Accessibility help
×
Hostname: page-component-77c89778f8-vpsfw Total loading time: 0 Render date: 2024-07-17T07:45:57.444Z Has data issue: false hasContentIssue false

10 - How to Reform the EU and the EMU

Microeconomic Policies of the Common Strategy

from Part III - Lines of Reform of EMU Institutions

Published online by Cambridge University Press:  19 August 2020

Nicola Acocella
Affiliation:
Sapienza Università di Roma
Get access

Summary

Chapter 10 deals with microeconomic policies, which are normally complementary to macroeconomic ones and therefore must be implemented in addition to, or in conjunction with, them. No analysis of macroeconomic policies can do without a parallel study of the microeconomic ones, which can pursue multiple objectives at a time. Some reforms do not involve costs for the EZ as a whole and only require law amendments or regulation for coordination of different policies. Pursuance of many of the targets of microeconomic policies requires instead availability of funds. From this point of view, the scope of these policies is severely limited currently at the EZ level. In addition, the Commission has recognized that funds are spread over too many programmes and instruments. The need arises that the new budget overcomes the current failure to distinguish between economic, social and territorial cohesion and between the intermediate steps necessary to guarantee each. Mixture of the final objectives can only cloud the assessment of each project and make check of its implementation difficult. Some improvement would derive from the indication of fixed targets for each goal. More decisive improvements would require further enlarging the EU budget and focusing on specific targets.

Type
Chapter
Information
The European Monetary Union
Europe at the Crossroads
, pp. 341 - 365
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×