Getting closer to a fiscal and political integration?
Can the shift from monetarist back to the Keynesian paradigm provide the impetus for further EZ integration?
The macroeconomic consensus underpinning EMU is shifting. Could it pave the way for a completion of the Eurozone?
By: Sebastian Diessner – LSE
Is a fiscal and political union necessary?
Dani Rodrik argues the pros and cons of simply de-linking private finance from public finance as the only reform needed by the EZ for maintaining the euro without damaging the economic performance of its members.
Does Europe Really Need Fiscal and Political Union?
By: Dani Rodrik – Harvard University
Stefano Micossi argues that disagreements over the treatment of the stock of non-performing loans should be quickly overcome so that the Eurozone can proceed with the establishment of the European deposit insurance scheme, a crucial element for the completion of the banking union.
A fresh approach to complete the banking union in the Eurozone
By: Stefano Micossi – LUISS
Strengthening individual national responsibility
Jens Weidmann is proposing three reforms: a) toughening the fiscal rules, b) abolishing the preferential treatment afforded to government bonds, and c) automatically extending the maturity of sovereign debt.
Monetary union – ever a work in progress? The euro area torn between the Maastricht framework and fiscal union
By: Jens Weidmann – Deutsche Bundesbank
