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Research guide to European Monetary Union The political background The fiscal and monetary discipline imposed by the Maastricht Treaty on Economic and Monetary Union has ensured that Emu is unpopular across Europe. In the UK, where ironically, the economy is reaping the benefits of earlier fiscal consolidation, this unpopularity has reached depths unsurpassed elsewhere in Europe or even in the UK’s recent past. The unpopularity of Emu in the UK relates, in part, to the eurosceptic position Conservative governments adopted in the past. |
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