Coordination in the European Union

13 Pages Posted: 5 Jan 2013

See all articles by Martin S. Feldstein

Martin S. Feldstein

National Bureau of Economic Research (NBER) (deceased); Harvard University (deceased)

Date Written: January 2013

Abstract

This paper examines the sources of current conflict within the EU and the EMU. The topics discussed include the recent ECB policy of bond buying (the OMT policy), the attempts to advance the "European Project" of stronger political union (the fiscal compact, the banking union, and the proposals for budget supervision). Contrary to the claims of the European leadership, the progress that has been made has been by individual countries and not by coordinated action. The special problems of France and Britain are also discussed.

Suggested Citation

Feldstein, Martin S., Coordination in the European Union (January 2013). NBER Working Paper No. w18672, Available at SSRN: https://ssrn.com/abstract=2196737

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