Even though the euro zone's problems play a less prominent role on the EU’s agenda in view of the Union's many crises in recent years, new disturbances may lead to the euro crisis quickly flaring up again. The Union is at a crossroads and may evolve in several different directions. The report “...more
As the euro area's debt crisis has worsened, two parallel decision-making processes have started in the EU. One aims to strengthen economic policy coordination in order to avoid similar crisis in the future. The second process regards the handling of urgent rescue efforts. In this publication,...more
The extent to which low-wage trade competition in the service sector with posted workers should be allowed in the EU has been a hot issue recently. In Sweden, the so-called Vaxholm conflict has become the symbol for this debate.
In the report Trade in Services and in Goods with Low-...more
Lars Calmfors discusses how the strength of various arguments for and against a EMU membership has changed over time. From a Swedish utility perspective, there are more arguments for joining today compared to ten years ago.The stabilization policy risks associated with a transition to the euro...more
In 2005 the stability pact of the EU was reformed. The revision followed upon violations of the EU fiscal rules by several countries and the breakdown of the pact’s enforcement mechanism. A key question is what contribution the revised stability pact can make towards upholding fiscal discipline...more