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2003 OECD Economic Surveys: Euro Area 2003

image of OECD Economic Surveys: Euro Area 2003

This 2003 edition of OECD's Economic Survey of the Euro Area examines recent economic developments, policies and prospects and  includes  special features on fiscal policy challenges, monetary management, and product market competition.

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Assessment and Recommendations

Entering its fifth year of existence, the European Economic and

Monetary Union (EMU) has met major headwinds. At the advent of the single

currency the euro area experienced solid economic growth, with unemployment

falling and public finances rapidly improving….

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