First Annual Statement on the Euro Area: Right track, wrong players

Written by Daniela Schwarzer

Unnoticed by the public, the European Commission issued its first “Annual Statement on the Euro Area” and its companion piece, the first “Annual Report on the Euro Area” on Tuesday, July 12. Both are supposed to “raise awareness and stimulate a broad debate on euro-area economic policies and developments”. That both went down unnoticed by the public is ironic given this objective. But not surprising: under the current set-up of the eurozone, a broad political debate will not emerge.
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