Europe enters the eighties

Abstract

After a decade of instability, Europe now looks to the next decade with the goals of achieving stable growth and lower inflation. Unfortunately, instability cannot be eliminated simply by rhetoric or by relying on bureaucratic solutions. To achieve greater stability in the eighties, the countries of Europe must develop medium-term policies for external and internal balance which avoid the mistakes of the seventies. This paper, prepared by the “Shadow European Economic Policy Committee”, assesses the status of the European Monetary System, as well as the situation in France, Germany, Italy, Spain and the United Kingdom, and specific proposals are made. JEL: E31, E42, F36

Keywords

• Europe
• growth
• inflation
• European Monetary System
• policy
• integration