 Tre proposte per rivitalizzare l’Unione Europea (Three proposals for revitalising the European Union)Mario Tonveronachi ()
Moneta e Credito, 2016, vol. 69, issue 276, 367-404 Abstract: Within the EU, the perception that the convergence on the current set of rules is not capable of producing convergence on results, or generally better results, has increased socio-political fragmentation. The result has been an increasing demand for re-nationalisation of sovereign powers. Focusing on the euro area, the paper proposes to revise the monetary operations of the European Central Bank, current fiscal rules and the financial regulatory approach in order to tackle some of the main inconsistencies, rigidities and fragilities in the current design. The new design is thought out to require no changes in the Treaty on the Functioning of the European Union, but at least a minimum political convergence. If successfully implemented, it would contribute to give a viable perspective to the design of the Economic and Monetary Union, capable of attracting those EU non-euro area countries that consider the mismanagement of the recent crisis and of its after-effects reason enough for resisting further losses of sovereignty. Keywords: European Union; euro area; ECB; monetary policy; fiscal rules; financial regulation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:psl:moneta:2016:42 Ordering information: This journal article can be ordered from DOI: 10.13133/2037-3651_69.276_2 Access Statistics for this article Moneta e Credito is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti More articles in Moneta e Credito from Economia civile |
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