Euro-area Governance Reform: The Unfinished Agenda
Although efforts toward deeper integration, supported by accommodative monetary policy, helped promote the recovery of the euro-area economy after 2010, significant challenges remain. Building a well-functioning and resilient monetary union requires further steps to increase risk sharing. Views differ on the shape of reforms, with some observers arguing for a full fiscal union with shared risk, and others for full political union in a federal state. In this paper for the
Center for International Governance Innovation, Miranda Xafa suggests that the current environment of solid growth offers an ideal time to advance the reform agenda and discusses economically and politically feasible proposals..
https://www.cigionline.org/sites/default/files/documents/Paper no.203web_0.pdf
Related Articles: