A service of the


Volume 54, January/February 2019, Number 1 · pp. 23-30


Unravelling the Roots of the EMU Crisis. Structural Divides, Uneven Recoveries and Possible Ways Out

Giuseppe Celi, Dario Guarascio, Annamaria Simonazzi

The process of European integration can be described as the increasing interdependence between economies at different levels of development and with different productive capabilities. It evolved from a pre-eminently political project to a ‘de-politicised’ management based on the automatism of rules and on the assumption that market forces could promote convergence and harmonisation between and within countries.


This Intereconomics article is available for free at this page after an embargo period of two years. Reading it before February 2021 is possible via SpringerLink or in the next library.