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EU Proposals (Giavazzi & Spaventa)

The European Commission’s proposals: Empty and useless” by Francesco Giavazzi and Luigi Spaventa. The European Commission now recognises that fiscal discipline alone is not enough to ensure the stability of the euro. Yet this column argues that the new proposals to combat the Eurozone’s fragility are an empty and useless exercise – Europe’s policymakers should instead be worried about unchecked credit expansion. See:

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