Macro-economic policy-making from European Coal and Steel Community to euro crisis

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Economic integration serves as a cornerstone of the European project, evolving significantly since the establishment of the European Coal and Steel Community (ECSC). It encompasses 27 member states with a shared internal market, including 17 nations using the euro. However, the eurozone faced a crisis starting in 2010, prompting a cautious approach to policy responses characterized by incremental financial assistance and gradual integration efforts. This seminar paper explores these developments within the broader context of macroeconomic dynamics in Europe.