Santer declares war against advocates of EMU delay
1. Germany has experienced difficulty in meeting the convergence criteria because of re-unification. Why has Germany experienced problems in controlling inflationary pressures and meeting limits imposed on PSBR?
2. Outline the benefits which countries seeking to join the European Monetary Union hope to gain from membership.
3. Why does Britain have reservations about joining EMU? (NB Consider what tools would be available to achieve macroeconomic objectives if Britain were to join the EMU.)