eginning in 2010, the sovereign debt crisis exposed weaknesses in the economic and monetary union (EMU), the integration process that brought about the creation of the euro. Member States and EU institutions have taken a number of measures to tackle these shortcomings, including stricter rules on economic governance and setting
Tag: Structural reforms
EC: Montenegro’s Economic Forecast – Volatile growth amid public finance concerns
Spring 2016 Economic Forecast ourism and capital-intensive projects continue to be the main drivers of growth, albeit their contribution appears more volatile than previously expected. The growth potential is hampered by the sluggish recovery of bank lending. Budget deficits remain high due to a surge in public investment and social security