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Die fiskalpolitische Governance der Eurozone ist reformbedürftig

Clemens Fuest

WSI-Mitteilungen, 2016, vol. 69, issue 6, 471-473

Abstract: There is no end to the crises in Europe. For almost seven years the debt crisis has been influencing economic development in the euro area. Last year the crisis in migration emerged and now Brexit has shaken the European Union (EU).Both the EU and the eurozone are in need of reform. This article discusses the state of the economic adjustments made after the outbreak of the financial crisis and explains the reform concept behind the accountability bond; a new class of government bond which is aimed at contributing to an improvement in fiscal governance in the eurozone.

Date: 2016
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DOI: 10.5771/0342-300X-2016-6-471

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