WHAT KIND OF FISCAL UNION ? bruegel policybrief

Abstract

We propose limited fiscal union, including the creation of a euro-area finance ministry, with a minister with veto rights over national budgets that could threaten euro-area sustainability. The ministry would also assess the liquidity and solvency of governments facing difficulties, and provide support to illiquid but solvent governments. It would be able… (More)

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Cite this paper

@inproceedings{Marzinotto2011WHATKO, title={WHAT KIND OF FISCAL UNION ? bruegel policybrief}, author={Benedicta Marzinotto and Andr{\'e} Sapir and Guntram B. Wolff}, year={2011} }