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What Went Wrong. The Failure of the 1993 Delors’ White Paper
Titolo Rivista: HISTORY OF ECONOMIC THOUGHT AND POLICY 
Autori/Curatori: Fabio Masini 
Anno di pubblicazione:  2019 Fascicolo: Lingua: Inglese 
Numero pagine:  16 P. 85-100 Dimensione file:  225 KB
DOI:  10.3280/SPE2019-002004
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più:  clicca qui   qui 


In the late 1980s and early 1990s a process was started that would lead to the single currency in Europe. The choice made for its governance relied on an intergovernmental monitoring over convergence, based on the strict compliance to the Maastricht criteria. The White Paper of the Delors’s Commission on Growth, Competitiveness, Employment was issued in September 1993 to face the new internal and external threats to the European economies. It provided a framework for policy-action that should accompany the building of the euro and help the European economy survive the challenges of globalization, sustainability and new ICTs. The paper aims to examine the White Paper of 1993, and to analyse the reasons why it was neglected and eventually set aside by the member States, thus weakening the long-term prospects of the European economy and the sustainability of the forthcoming European single currency.


Keywords: Delors, European integration, unemployment, monetary union, fiscal stimulus
Jel Code: B31, E02, F15, H79

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Fabio Masini, in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2019, pp. 85-100, DOI:10.3280/SPE2019-002004

   

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