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Can the Eurozone Develop into a Well-functioning Fiscal Union?
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
2012 (English)In: CESifo Forum, ISSN 1615-245X, E-ISSN 2190-717X, Vol. 13, no 1, 10-16 p.Article in journal (Refereed) Published
Abstract [en]

The sovereign debt crises have demonstrated clearly the inadequacy of the earlier system of economics governance in the euro area. Parallel with the acute crisis management, far-reaching reforms of the rules system have been instituted. These include the new regulations adopted in the so-called 'Six-pack' in November 2011 based on earlier proposals from the European Commission and the van Rompuy Task Force. The latest addition is the intergovernmental treaty on a fiscal compact agreed in March 2012 ('Treaty on Stability, Coordination and Governance in the Economics and Monetary Union'). This article discusses whether or not these reforms are likely to work.

Place, publisher, year, edition, pages
Munich: Ifo Institute , 2012. Vol. 13, no 1, 10-16 p.
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-84105OAI: oai:DiVA.org:su-84105DiVA: diva2:578415
Available from: 2012-12-18 Created: 2012-12-18 Last updated: 2017-12-06Bibliographically approved

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