The eurozone needs its own budget with significant capacityto absorb major shocks and tackle the crisis

Wolff, Guntram (2012) The eurozone needs its own budget with significant capacityto absorb major shocks and tackle the crisis. LSE European Politics and Policy (EUROPP) Blog (23 Oct 2012). Website.

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Abstract

Herman Van Rompuy, President of the European Council, has called for a euro-area budget, with the ability to absorb country-specific shocks in member states at a central level. Guntram Wolff looks at these proposals, saying that there is a strong case for a eurozone federal budget, and a strongly defined banking union, to be used for stabilisation policy. He suggests that the existing European Stability Mechanism should be explored as a basis for developing the eurozone’s fiscal capacity.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2012 The Author
Divisions:	LSE
Subjects:	J Political Science > JN Political institutions (Europe)
Date Deposited:	09 May 2013 15:21
Last Modified:	13 Sep 2024 18:17
URI:	http://eprints.lse.ac.uk/id/eprint/50152

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