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ECB decisions put lack of fiscal union in the spotlight

Wolff, Guntram B., Bénassy-Quéré, Agnès, (2016), “ECB decisions put lack of fiscal union in the spotlight”, Bruegel, 30 March

Fiscal policy in the euro area is hardly supporting the recovery and the ECB. The EU needs a a proper fiscal union in order to stabilise the economy and inflation. We see four main avenues for achieving a viable fiscal framework.

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