Economic policy co-ordination in the eurozone: What has been achieved? What should be done?

Now that the euro has stabilised, Greece has joined EMU and the EU has committed itself to enlargement, the time is right to consider these critical issues of economic governance. The authors argue that monetary union requires a higher level of co-ordination because member-states and the ECB are now more mutually dependent than ever. This essay therefore calls for greater clarity around the principles and rules of policymaking to be embedded in an "economic policy charter".