Sawicki, Dawid, (2015), “Rising inequality in the Eurozone underlines the need for a fiscal union”, LSE blog, 3 July.
How has inequality within Eurozone states changed during the pursuit of Economic and Monetary Union? Dawid Sawicki writes that in the majority of Eurozone members income inequality has increased substantially since 1990. He argues that this is partly the result of a lack of automatic stabilisers within the Eurozone that can compensate for economic shocks, and that the increase in inequality presents a compelling case for a genuine fiscal union between those countries using the single currency.
Relevant Posts
- Pichelmann, Karl, (2015), “When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsidered”, European Commission publications, Economic Papers 551, June 2015
- Sauga, Michael, Reiermann, Christian, Schult, Christoph, (2015), “Breaking a Taboo: Plans for Euro-Zone Tax Take Shape”, Spiegel Internationale, 30 July