The positive “shock” that EMU implies for our economies’ productive capacity will propel European long-term growth, allowing higher real growth and employment, while maintaining price stability. The monetary discipline exemplified by the independent ESCB’s credible monetary policy will fundamentally alter European agents’ price and wage setting behavior and thus contribute to the necessary structural reforms in factor markets.
Caveat emptor or let the buyer beware is typically the standard used in financial markets – that is, so long as the buyer is not actively misled, she is responsible for researching her product choices and making purchase decisions.