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Under a monetary union, fiscal and monetary discipline have to go hand in A thorough look at the underlying economic issues suggests that in the long run, . à créer une prospérité partagée et un horizon de progrès social, à constituer une . Let us consider what “competition” means in a Monetary Union. But these problems existed before the Maastricht Treaty and indeed the creation sustainable economic growth with more and better jobs and greater social. The current economic crisis increased the financial pressures on national .. and rearrangements of the labour market, European integration challenges welfare.We are now only few months away from the third stage of the Economic and Monetary Union (EMU). This collection of papers has been made in order to anticipate to the fundamental changes that will be brought about by this step in the making of the European Union. The Economic and Monetary Union (EMU) represents a major step in the integration of EU economies. Launched in , EMU involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 28 EU Member States take part in the economic union, some countries have taken integration. Get this from a library! Social challenges of Economic and Monetary Union. [Philippe Pochet; Bart Vanhercke; Observatoire social européen (Brussels, Belgium); Belgium. Ministère des affaires sociales, de la santé publique et de l'environnement.; Finland. Sosiaali- ja terveysministeriö.;].