Transfer stimulates dialogue between the European trade union movement and the academic and research community. It contributes research findings on issues of strategic relevance for trade unions, in particular with regard to developments at the European level. Transfer publishes original peer-reviewed research on issues such as new developments in industrial relations, social policy, and labour market developments.

Volume 19 Issue 1, February 2013

Faith in the process and progress of Economic and Monetary Union (EMU) has been deeply shaken, since 2008, by the myriad crises plaguing the European Union, and the euro area in particular. Is the governance of EMU, as it has been conducted to date, genuinely sustainable? Is it really equipped with the requisite means to foster convergence among the participating economies? If not, is it able to accommodate the presence, within its midst, of divergent trends? Does it truly possess instruments that can be effectively deployed in the event of crisis? Is it possible for the single currency to thrive in the absence of greater political and economic integration? These are some of the questions being asked.

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