Reforming the Eurozone : assessment of the reform package by the European Commission - treating symptoms or root causes?
- 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.
| Author of HS Reutlingen | Herzog, Bodo |
|---|---|
| URN: | urn:nbn:de:bsz:rt2-opus4-19337 |
| DOI: | https://doi.org/10.14254/2071-789X.2018/11-3/4 |
| ISSN: | 2071-789X |
| eISSN: | 2306-3459 |
| Published in: | Economics & sociology |
| Publisher: | Centre of Sociological Research |
| Place of publication: | Ternopil |
| Document Type: | Journal article |
| Language: | English |
| Publication year: | 2018 |
| Tag: | EMU; European Monetary Fund; economic governance; reform |
| Volume: | 11 |
| Issue: | 3 |
| Page Number: | 19 |
| First Page: | 59 |
| Last Page: | 77 |
| DDC classes: | 330 Wirtschaft |
| Open access?: | Ja |
| Licence (German): |  Creative Commons - CC BY-NC-ND - Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International |
