Chapter

After the Single European Act: Efficiency, Stability, and Equity

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe

Published in print December 2000 | ISBN: 9780199241767
Published online November 2003 | e-ISBN: 9780191596742 | DOI: http://dx.doi.org/10.1093/0199241767.003.0006
After the Single European Act: Efficiency, Stability, and Equity

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The problems now facing the European Union are the result of the decisions taken in 1985 to enlarge the (then) European Community by accepting applications from Spain and Portugal, and to create a single market without internal frontiers by 1992. This chapter examines the problems posed by the Single European Act: actual implementation of the programme; the logical consistency of the programme; and the cohesion of the community and distribution of income within it. Guidelines and recommendations for action are proposed. These are based on the report ‘Efficiency, Stability and Equity’ prepared at the request of the EC Commission by a group of experts chaired by the author.

Keywords: constraints; EC; EU; European Community; European Single Market; European Union; implementation; Single European Act; single market

Chapter.  3711 words. 

Subjects: Macroeconomics and Monetary Economics

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