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2004•IntereconomicsOpen access

Fiscal consolidation in the new EU member states and their accession to EMU

Miklós Losoncz

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Abstract

The Eastward Enlargement of the Eurozone is supported in FP5: Human potential (HPSE-CT-2001-00084). Please visit the website www.ezoneplus.org for a full description and fi ndings.8 Recent wage deals at Siemens and DaimlerChrysler disguised nominal wage cuts as longer working hours without higher pay.9 This is due to the Balassa-Samuelson effect, which is estimated to add 1-2 points to consumer-price infl ation in Central Europe: Mihály A.

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The Eastward Enlargement of the Eurozone is supported in FP5: Human potential (HPSE-CT-2001-00084). Please visit the website www.ezoneplus.org for a full description and fi ndings.8 Recent wage deals at Siemens and DaimlerChrysler disguised nominal wage cuts as longer working hours without higher pay.9 This is due to the Balassa-Samuelson effect, which is estimated to add 1-2 points to consumer-price infl ation in Central Europe: Mihály A.

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Available abstract

The Eastward Enlargement of the Eurozone is supported in FP5: Human potential (HPSE-CT-2001-00084). Please visit the website www.ezoneplus.org for a full description and fi ndings.8 Recent wage deals at Siemens and DaimlerChrysler disguised nominal wage cuts as longer working hours without higher pay.9 This is due to the Balassa-Samuelson effect, which is estimated to add 1-2 points to consumer-price infl ation in Central Europe: Mihály A.

Key concepts: Accession, Member states, Consolidation (business), European integration, Social policy, Fiscal policy, International economics, Economics

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