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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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Policies Bearing on Product Market Competition and Growth

Competition matters for growth and consumer welfare as it raises the pressure on businesses to allocate and utilise their resources in the best way, while tending to improve the functioning of labour markets. It also pushes enterprises to improve processes and to innovate...

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