Abstract
The content of the European economic union, the first of the two elements of the European Economic and Monetary Union (hereinafter the EMU), is defined in article 119, par. 1, of the Treaty on the Functioning of the European Union (the TFEU) (OJ, 2008, pp. 47–199), according to which, “for the purposes set out in article 3 of the Treaty on European Union, the activities of the member states and the Union shall include, as provided in the Treaties, the adoption of an economic policy which is based on the close coordination of member states’ economic policies”.1
This article is based on the Appendix of a written submission prepared for and submitted to the UK House of Lords in October 2010.
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Gortsos, C. (2011). The Future of Economic Governance in the European Union. In: Botsiou, K., Klapsis, A. (eds) The Konstantinos Karamanlis Institute for Democracy Yearbook 2011. The Constantinos Karamanlis Institute for Democracy Yearbook Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-18415-4_10
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