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By:Universität Kiel. Institut für Weltwirtschaft
Published on 1997 by Kiel Inst of World Economics

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This conference volume takes a look at the political and economic obstacles in the way of European integration. Attempting to forecast the state of Europe's future, experts discuss such issues as whether the democratic legitimacy of the European Parliament should be strengthened, whether new rules of decision-making are needed for a governing Council or Commission, and whether or not a second chamber should serve the political needs of the individual member states. These topics are fleshed out by a thorough analysis of two dueling sets of economic obstacles. The first concerns the challenge presented by the potential inclusion of Eastern European countries not highly developed and in need of economic and financial support. The second involves the establishment of the European Monetary Union and the controversial fiscal policies that would result. Horst Siebert and his colleagues illustrate not only how these issues affect the nature of the union established, but, more importantly, how these policy decisions may influence the fate of those countries left uninvited. This book will interest students and scholars of international economics, particularly those tracking the fate of this evolving union.

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