Euros and Europeans: Monetary Integration and the European Model of Society

The creation of the Economic and Monetary Union (EMU) marks a leap forward in European integration. Authority over monetary policy has moved from member states to the European Central Bank, an independent, supranational institution. This volume examines the ways in which the "European model of society", characterized by bargaining between "social partners"and relatively high taxes and transfers, has been affected by EMU. The book discusses the nature of the European model and explores change across Europe, showing how national governments have been constrained, even in their social and industrial policies.