Managing the European economy after the introduction of the Euro
Managing the European economy after the introduction of the Euro

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Managing the European economy after the introduction of the Euro

1.6.4 Summary

  • EU enlargement is going to impose new problems for both monetary and fiscal policy.

  • The process by which the accession countries can enter the Euro-zone will be long and will possibly lack stability.

  • According to the rules of the SGP fiscal retrenchment is called for some governments because of government sector imbalances, though this might be offset by payments to the accession countries and regions from Structural and Cohesion Funds.

  • The issues thrown up in connection to the accession countries and those waiting to enter further down the line could serve to put pressure for change on the traditional mechanisms of fiscal and monetary management and governance.


Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371