How the Euro‐Zone Operates: An ECB‐Centric Euro‐Zone?
How the Euro‐Zone Operates: An ECB‐Centric Euro‐Zone?
This chapter argues that the Euro‐zone was designed to provide a central role for the European Central Bank (ECB), with integrative powers in excess of those available to the European Commission. It examines the main dimensions and contextual parameters of the interactions that form the Euro‐zone, the wider complexity of inter‐institutional relations, and the extensive powers of the ECB as an actor in the European integration process.
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