Heterodox
A central fiscal capacity is a recurring topic in discussions on reform of the Economic and Monetary Union, but no consensus on the usefulness and necessity of a such a capacity has been reached. This column, part of the Vox debate on euro area reform, argues that the potential stability benefits of a central fiscal capacity can be achieved through stronger financial market risk sharing and more effective use of fiscal stabilisers, without any additional fiscal risk sharing.... To...
Read More »Lars P. Syll — Why a monetary union cannot work without also being a political union
Nicholas Kaldor foresaw what the would happen if the Eurocrats attempted to force a political union using an monetary economic one on top of the then existing common market.Lars P. Syll’s BlogWhy a monetary union cannot work without also being a political union Lars P. Syll | Professor, Malmo UniversitySee alsoThe mess at the heart of the EU
Read More »Dirk Ehnts — “Those who love Europe should be able to criticize Europe”
Pertinent Wynne Godley quote. (The headline quote is Macron.)econoblog 101“Those who love Europe should be able to criticize Europe”Dirk Ehnts | Lecturer at Bard College Berlin
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