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Multi - Speed Europe Future of Eurozone

Multi - Speed Europe Future of Eurozone. The term. European Commission’s Glossary:

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Multi - Speed Europe Future of Eurozone

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  1. Multi-SpeedEurope Future of Eurozone

  2. Theterm • European Commission’s Glossary: "Multi-speed" Europe is the term used to describe the idea of a method of differentiated integration whereby common objectives are pursued by a group of Member States both able and willing to advance, it being implied that the others will follow later. http://europa.eu/legislation_summaries/glossary/multispeed_europe_en.htm

  3. Theconcept • AftertheColdWar • Eastward enlargement of the European Union • Wideninganddeepening • In 1994, ChristianDemocrats’ document! • “coreEurope” • has been debated for years.

  4. Europetoday • Financialissues • Low GDP • Lowgrowth • Highunemployment • Governmentdeficits and high levels of debt • Fundamentalquestions

  5. Global trends • Continuing rise of East Asia • Emerging market economies in theseregions

  6. Four Scenarios on the Future of the Eurozone • Struggling on theCrises • Break-up of the Eurozone • Core Europe (Multi-speed) • Fiscal Union Completed (Federal Europe)

  7. Four Scenarios on the Future of the Eurozone • North(Norway, Sweden, Finland, Denmark) • West (Netherlands, Belgium, France, Germany, Switzerland, Austria, Italy) • South (Ireland, Portugal, Spain, Greece, Malta) • East(Poland, Czech, Slovakia, Hungary, Bulgaria, Romaniaetc.) • UK

  8. Struggling on theCrises • “Reducedgovernment” • Very low growth in Europe 1% • Lately, exportsandfinancialinvestments

  9. Break-up of the Eurozone • Zero GDP growth long term • Weakinvestmentandexports • Reducedincomepercapita • Declining employment rates • Higher unemployment

  10. Core Europe (Multi-speed) • Lesscompetitivemember states to leave eurozone • GDP growth and job creation • reduceunemploymentnumber

  11. Fiscal Union Completed (Federal Europe) • Structuralandfiscalpolicies • restoring GDP growth • highlevel of employment

  12. Arguments For and Against a two-speed Europe AGAINST a two-speedEurope FOR two-speedEurope http://www.debatingeurope.eu/infobox-arguments-for-and-against-a-two-speed-europe/

  13. AGAINST a two-speedEurope • Perpetuating Divisions • Undermining Solidarity • Too Complex • Building In Weaknesses

  14. FOR two-speedEurope • Core Values • Recognising Reality • One Size Does Not Fit All • Fast, Flexible And More Efficient

  15. ManuelBarroso’s idea! http://www.youtube.com/watch?v=hj3zH1KG8Yw

  16. I think • European Commission’s Glossary: "Multi-speed" Europe is the term used to ... ... that the others will follow later. “Perhaps, you will see even smurfs if you become good boys.”

  17. Whathappeningnow!

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