-stabilisation benefits both for the ‘core' and ‘periphery' of the Eurozone and would also achieve a rebalancing of the policy mix away from … economy of the Eurozone with a ‘core' and a ‘periphery' to see how it would behave under alternative conditions. Alongside …/fiscal capacity existed at the onset of the Great Financial Crisis, the recession would have been much more muted, and with much less …

After the financial and economic crisis in Europe, a broad consensus has emerged that a stronger fiscal dimension may …

In recent years, all eurozone member states have introduced national fiscal rules, which put limits on public deficits … European debt crisis. This paper argues that the concept of structural deficit rules, central to reform efforts across the … eurozone, allowed for the formation of an ambiguous consensus between center-right and center-left parties. While conservative …

One possible solution to the sovereign debt crisis is the European Redemption Pact (ERP) proposed by the German Council …