External presentations were given at the informal ECOFIN, one of which was based on a paper by Brueghel on the prerequisites of a euro area fiscal capacity.Read More..
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During the EP's plenary session, a resolution prepared by MEPs Reimer Böge (EPP, DE) en Pervenche Berès (S&D, FR) was adopted on a budgetary capacity for the euro area. The resolution states the following principles: "The transfer of sovereignty over monetary policy requires alternative adjustment mechanisms such as the implementation of growth-enhancing structural reforms, the […]Read More..