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The main reason why - irrespective of the surrender of monetary sovereignty to the European Community - the competence and responsibility for economic policy has remained with the Member States even after Maastricht is that transferring the responsibility for economic policy to the European Community - as in the case of monetary policy - would have required the Community's conversion from a confederation into a federation.
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European economic and monetary union, Martin Seidel
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- Année de publication
- 2001
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