TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Herzog, Bodo
T1  - Reforming the Eurozone : assessment of the reform package by the European Commission - treating symptoms or root causes?
JF  - Economics & sociology
N2  - 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.
KW  - EMU
KW  - reform
KW  - European Monetary Fund
KW  - economic governance
Y1  - 2018
UN  - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-19337
SN  - 2071-789X
SS  - 2071-789X
U6  - https://doi.org/10.14254/2071-789X.2018/11-3/4
DO  - https://doi.org/10.14254/2071-789X.2018/11-3/4
VL  - 11
IS  - 3
SP  - 59
EP  - 77
S1  - 19
PB  - Centre of Sociological Research
CY  - Ternopil
ER  -