![The Social Dimension of the Economic and Monetary Union (Communication)](/fileadmin/_processed_/7/9/csm_Social_0f83b574e7.jpg)
cepPolicyBrief
Employment & Social Affairs
The Social Dimension of the Economic and Monetary Union (Communication)
cepPolicyBrief
![Status](/typo3temp/assets/_processed_/4/e/csm_2_112db1265e.png)
An autonomous budget for the eurozone may facilitate the absorption of asymmetric shocks. However, an autonomous budget reduces the incentive for euro states to deliver a flexible labour market. If a euro state with a low GDP per head becomes a net payer, the eurozone budget will come up against an acceptance problem.
Download PDF
The Social Dimension of the Economic and Monetary Union COM(2013) 690 (publ. 05.02.2014) | 120 KB | Download | |
![]() |