Jokela, Juha; Kotilainen, Markku; Tiilikainen, Teija; … - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2014
to strengthen the EMU. We call this scenario the “Banking Union EMU” because its central innovation is the banking union …. The second scenario is built on the assumption that the EMU will be deepened by extending mutual liability and by … further possible step is the introduction of a system of mutual debt. We label this scenario the “Fiscal Union EMU” because …