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Innovation, financial activities and the future of EU

Author

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  • Pier Paolo Saviotti

    (GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique)

Abstract
This chapter will contribute to the discussion of the future development of the Euro and of the EU by focusing on the following ideas :[br/][br/] - the measures adopted so far are exclusively financial and do not take into account other aspects of the economic systems of the member countries ;[br/] - the measures adopted so far show an excessive emphasis on austerity at the expense of growth ;[br/] - the measures adopted so far can only be temporarily successful but, even if successful, they are likely to lead to a growing divergence of the national economies of the member countries, thus undermining the stability of both the Euro and the EU ;[br/] - to ensure the future development of the EU and of the Euro, a higher degree of coordination of economic and innovaiton policies are required.

Suggested Citation

  • Pier Paolo Saviotti, 2013. "Innovation, financial activities and the future of EU," Post-Print hal-01123111, HAL.
    • Handle: RePEc:hal:journl:hal-01123111
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