Report on public finances in EMU published by European Commission (2015). “The European Commission’s annual Report on Public Finances in the EMU provides an overview of key policy developmentd and analytical findings in this area. The report describes recent development with deficits and debt, underlining the need to achieve a balance between short-term stability and long-term sustainability of public finances. The focus this year is the challenge that low-inflation poses to fiscal policy…”
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