Living (dangerously) without a fiscal union
"The euro area’s political contract requires member nations to rely principally on their own resources when confronted with severe economic distress. Since monetary policy is the same for all, national fiscal austerity is the default response to counter national fiscal stress. Moreover, the mon...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Brussels
2015
Bruegel |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19113399124919315719-Living-(dangerously)-without-a.htm |
