4 Moreover, flexible inflation targeting, with its added focus on output stabilisation beyond inflation stabilisation is at risk of succumbing to the temptation of fine-tuning.
Empirical evidence suggests that European integration has indeed stimulated trade and FDI. In 2005, in- and outflows of foreign direct investment funds from and to the EU reached a level that was only topped by the record year 2000. The European Union could attract almost half of all funds invested worldwide.