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ECB's Easing Package Is a Call for European Fiscal Reform
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Corporate Editor
Forschungsinstitut der Deutschen Gesellschaft für Auswärtige Politik e.V.
Abstract Europe’s economic policy is currently being held hostage by incoherent decisions, which are not only crippling the euro area’s economy but also threatening global recovery. The ECB needs to admit that it cannot meet its mandate without fiscal support. In return, Germany needs to accept that true ref... view more
Europe’s economic policy is currently being held hostage by incoherent decisions, which are not only crippling the euro area’s economy but also threatening global recovery. The ECB needs to admit that it cannot meet its mandate without fiscal support. In return, Germany needs to accept that true reform of Europe’s fiscal framework cannot take place without a real conversation about its debt brake policy, the schuldenbremse, and its balanced budget policy, the schwarze null.... view less
Keywords
EU; tax reform; Euro; economic policy; Federal Republic of Germany; European Central Bank; budgetary policy
Classification
European Politics
Economic Policy
Document language
English
Publication Year
2019
City
Berlin
Page/Pages
2 p.
Series
DGAP-Standpunkt, 25
ISSN
1864-3477
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0