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seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union …
Persistent link: https://www.econbiz.de/10009552338
In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; union-wide support is needed. A common euro-area budget (1) should provide a temporary but significant transfer of resources in case of large regional shocks, (2) would be an instrument to counteract...
Persistent link: https://www.econbiz.de/10009670789