Palley, Thomas, (2016), “Financing Vs. Spending Unions: How To Remedy The Euro Zone’s Original Sin”, Social Europe, 14 July
In economic policy, timing isn’t everything, it’s the only thing. The euro zone crisis has been evolving for over seven years, making it difficult to time policy proposals. Now, the shock of Brexit has created a definitive political opportunity for reforming rather than patching the euro. With that in mind, I would like to revive an earlier mistimed proposal for a euro zone “financing union”. The proposal contrasts with others that emphasize “spending unions”.
Relevant Posts
- Demary, Markus, Hornik, Joanna, Watfe,Gibran, (2016), “SME Financing in the EU: Moving beyond one-size-fits-all”, Bruges European Economic Policy Briefings 40 / 2016
- Gandrud, Christopher, Hallerberg, Mark, Véron, Nicolas, (2016), “The European Union remains a laggard on banking supervisory transparency”, Bruegel, 10 May