Chapter

Making a bigger Europe work

André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava and Peter M. Smith

in An Agenda for a Growing Europe

Published in print March 2004 | ISBN: 9780199271481
Published online July 2005 | e-ISBN: 9780191602573 | DOI: http://dx.doi.org/10.1093/0199271488.003.0008
 Making a bigger Europe work

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This chapter examines the challenges posed by an enlarged European Union. These challenges are classified into three categories: implications for growth and cohesion, implications for macroeconomic stability, and implications for EU governance. It is argued that the EU must either abandon some of the ambitions that it is unable to commit to deliver or address governance weaknesses. A streamlined, scaled-down Union would focus on providing monetary stability, a pro-competitive environment, and development assistance.

Keywords: European Union; enlargement; growth; cohesion; macroeconomic stability; governance

Chapter.  9439 words. 

Subjects: Economic Systems

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