Perspectives For A Common Stability Culture In Europe

Meeting of Experts Organised by the Konrad-Adenauer-Stiftung in Berlin

The “euro crisis” has focused attention on the fact theeurozone countries are increasingly interdependentwhen it comes to economic growth, and it has servedto emphasise how, more than ever before, it is importantto ensure that every national economy can growat a similar rate.


The ongoing process of European integration

has led to the individual European national

economies – that is to say their financial and goods

markets – becoming more closely interwoven. As a

result, decisions (or failure to take decisions) on economic

policy by individual countries no longer simply

have an impact on their domestic economies but can

also have a significant effect on the growth and economic

situation of every country in the eurozone. Today

more than ever, the eurozone countries all share

a common fate – in good times and bad. On the one

hand, they all benefit from a particular country’s economic

strength, but on the other hand they are all affected

by another country’s economic weakness. For

this reason, it is essential to intensify the debate on

economic growth in the member states. This will promote

a mutual understanding of each country’s growth

and open up a common European perspective that will

help the member states to be more competitive and to

maintain the stability of the single currency.