Economic and Monetary Union at Twenty: A Stocktaking of a Tumultuous Second Decade

The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus ‘economic’ union (less centralised governance); the second between those Euro Area member states of the so-called ‘core’ and those of the ‘periphery’.

EMU stands as one of the European Union’s (EU) flagship integration achievements. Set up in 1999, with t...