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Beyond the Juncker and Schäuble visions of euro-area governance

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  • Guntram B. Wolff

Abstract

The issue Two diametrically opposed visions of the euro-area architecture have been put forward. European Commission president Jean-Claude Juncker favours a model that puts the Commission at the centre of fiscal policy decision-making. The former German finance minister Wolfgang Schäuble argues that fiscal surveillance should be centred on a reformed European Stability Mechanism. Juncker’s proposal would over-emphasise the Commission when fiscal policy making is national and would unduly mix the...

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  • Guntram B. Wolff, 2017. "Beyond the Juncker and Schäuble visions of euro-area governance," Policy Briefs 23037, Bruegel.
    • Handle: RePEc:bre:polbrf:23037
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    File URL: https://www.bruegel.org/wp-content/uploads/2017/12/PB-2017_06GuntramWolff_date.pdf
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    Cited by:

    1. Bole, Velimir & Oblak, Ana & Prašnikar, Janez & Trobec, Domen, 2018. "Financial frictions and indebtedness of Balkan firms: A comparison with Mediterranean and Central European countries," Journal of Policy Modeling, Elsevier, vol. 40(4), pages 790-809.
    2. Zsolt Darvas & Guntram B. Wolff, 2018. "The EU’s Multiannual Financial Framework and some implications for CESEE countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3-18, pages 77-86.

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