Accounting for Growth in the Eurozone
This seminar examined sources of economic growth in four large eurozone countries, (Germany, France, Italy, Spain), looked at their experiences over the past 25 years, and considered long-term effects of rising divergences in the context of EMU. Is EMU responsible for increasing divergences over the 1999-2006 period? Has further economic integration generated benefits and opportunities? Is there evidence of the structural trade-off between productivity and employment growth, to which the Lisbon Strategy provisions seem to make implicit reference?