Economic Papers are written by the Staff of the Directorate-General for
Economic and Financial Affairs, or by experts working in association with them.
The “Papers” are intended to increase awareness of the technical work being done
by the staff and to seek comments and suggestions for further analyses. Views
expressed represent exclusively the positions of the author and do not necessarily
correspond to those of the European Commission. Comments and enquiries
should be addressed to the:
European Commission
Directorate-General for Economic and Financial Affairs
Publications
BU1 - -1/13
B - 1049 Brussels, Belgium
ISBN 92-79-03843-5
KC-AI-06-267-EN-C
©European Communities, 2006
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