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Europe as a Global Economic Actor. CEPS Policy Brief No. 20, April 2002

Gros, Daniel. (2002) Europe as a Global Economic Actor. CEPS Policy Brief No. 20, April 2002. [Policy Paper]

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    [From the Introduction]. The three years since the start of EMU have been characterised by an extraordinary degree of volatility in global financial and other markets (oil, etc.). Most official comments have so far focused on the fact that Europe has remained an ‘island of stability’. But this selfcongratulatory tone cannot mask the fact that EU institutions have generally not been in the forefront of the efforts to stabilise the global economy. This is partly understandable as most of the volatility originated outside the EU. But just ‘putting one’s own house in order’ does not seem to be sufficient when global economic (or political) stability is at stake, as recent events amply demonstrate. This note will concentrate on two particular aspects of this issue, namely 1) the absence of the EU in the efforts to contain emerging markets’ volatility and 2) the inability of the EU to develop a coherent strategy for the use of its economic instruments in the Middle East.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > international economy
    EU policies and themes > External relations > EU-Middle East
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 21 Oct 2004
    Page Range: p. 6
    Last Modified: 15 Feb 2011 17:20

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