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Stagnation Versus Growth in Europe
The debate on the future of monetary union is a great opportunity to
strengthen the resilience of the European economy and of the European project at
large. How we move forward in this new challenge should be guided by a few key
principles: the link between short term and long term issues should be strengthened
and based on a common vision.
The distinction between measures that require Treaty changes and those that do
not should not be an obstacle to ambitious policy goals. Much can be done with the
current treaty. Economic union is a multidimensional project: strengthening monetary and financial integration should go hand in hand with measures to boost
growth and jobs. Strengthening EMU should be an opportunity to strengthen the
relationship between EMU and non EMU member states, with reciprocal benefits
for all of us and Europe as a whole
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