Fiscal Federalism and the Reality of the European Union Budget
Fiscal Federalism and the Reality of the European Union Budget
Loss of financial policy autonomy could create major problems for weaker national economies within European monetary union. Considerable progress could be made in tackling this if member governments were prepared to accept an element of fiscal federalism in order to redistribute resources across EU regions and member states.
Keywords: autonomy, European monetary union, European Union, financial policy, fiscal federalism, member states, redistribution, regions
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