Microeconomic Policies of the Common Strategy
from Part III - Lines of Reform of EMU Institutions
Published online by Cambridge University Press: 19 August 2020
Chapter 10 deals with microeconomic policies, which are normally complementary to macroeconomic ones and therefore must be implemented in addition to, or in conjunction with, them. No analysis of macroeconomic policies can do without a parallel study of the microeconomic ones, which can pursue multiple objectives at a time. Some reforms do not involve costs for the EZ as a whole and only require law amendments or regulation for coordination of different policies. Pursuance of many of the targets of microeconomic policies requires instead availability of funds. From this point of view, the scope of these policies is severely limited currently at the EZ level. In addition, the Commission has recognized that funds are spread over too many programmes and instruments. The need arises that the new budget overcomes the current failure to distinguish between economic, social and territorial cohesion and between the intermediate steps necessary to guarantee each. Mixture of the final objectives can only cloud the assessment of each project and make check of its implementation difficult. Some improvement would derive from the indication of fixed targets for each goal. More decisive improvements would require further enlarging the EU budget and focusing on specific targets.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.