Álvarez Peralta, Nacho; Feigl, Georg; Koratzanis, Nasos; … - 2019
The fiscal governance of the EMU is in dire need of reform. Its current arrangements suff er from several shortcomings … economic objectives in guiding the conduct of fiscal policies; and last but not least, the fact that, under the EMU … policies. Starting from the view that the crises in the euro zone were basically triggered by financial markets and reinforced …