@article{Herzog2018,
  author    = {Herzog, Bodo},
  title     = {Reforming the Eurozone : assessment of the reform package by the European Commission - treating symptoms or root causes?},
  journal   = {Economics \& sociology},
  volume    = {11},
  number    = {3},
  issn      = {2071-789X},
  doi       = {10.14254/2071-789X.2018/11-3/4},
  institution = {ESB Business School},
  pages     = {59 -- 77},
  year      = {2018},
  abstract  = {The paper studies the reform package proposed by the European Commission on 6 December 2017. First, institutional and economic implications of the reform proposal are analysed. The paper finds that some proposals are beyond the present treaty provisions. For instance, the proposal of a fiscal capacity does not tackle the economic root causes without a supranational transfer mechanism. In fact, the proposed budget neutrality over the medium-term is unfeasible due to cross country heterogeneity in the Eurozone. At the end, the paper develops policy conclusions.},
  language  = {en}
}