|
Research guide to European Monetary Union Macroeconomic Consequences Emu will see Portugal lose full control over its monetary policy, with fiscal policy being closely tied to the Stability and Growth Pact. This will enhance the need to resort to the income and prices policy, with the government having already approved a Medium Term Social Pact, limiting wage increases. From 1999 onwards Emu will produce enhanced price stability for participants, since the greater part of foreign trade will be carried out in euros. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
