2013
Pier Paolo Saviotti, « Innovation, financial activities and the future of EU », HAL-SHS : économie et finance, ID : 10670/1.2qo8w8
This chapter will contribute to the discussion of the future development of the Euro and of the EU by focusing on the following ideas :[br/][br/]- the measures adopted so far are exclusively financial and do not take into account other aspects of the economic systems of the member countries ;[br/]- the measures adopted so far show an excessive emphasis on austerity at the expense of growth ;[br/]- the measures adopted so far can only be temporarily successful but, even if successful, they are likely to lead to a growing divergence of the national economies of the member countries, thus undermining the stability of both the Euro and the EU ;[br/]- to ensure the future development of the EU and of the Euro, a higher degree of coordination of economic and innovaiton policies are required.