What the Eurozone requires is not a treasury but a common fiscal policy
Jacques Delors Centre, Bertelsmann Stiftung (ed.)
Lucas Guttenberg
We Don’t Need No Institution
- Format Type
- Date of publication
- 06/02/2020
- Edition
- 1. edition
- Volume/Format
- 5 pages, PDF
Format
-
PDF
Price
Free of charge
Description
Does the Eurozone need a “treasury”? The answer is no: The Eurozone needs a common fiscal policy to complement the ECB’s monetary policy. But it doesnot need a new institution to take fiscal policy decisions or to execute suchdecisions. The EU institutional framework is well-equipped to perform thesefunctions. Hence, the focus of political energy should be on getting the rightpolicies and instruments in place, not on building new shiny institutions.