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This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
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incur more debt if their policies are aligned with EU political priorities will weaken fiscal discipline …
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target, far behind that of the US and China. EU companies spend much less on R&D than their US peers and concentrate their …, competitiveness, and economic growth. EU funding for innovation is too small and needs reforms to focus more on disruptive leap …
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