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It is hard to imagine true centralized fiscal control when national interests are at conflict with the perceived European objectives dictated by a powerful minority, perhaps a minority of one.
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"Fiscal control".
The original Articles of Confederation proved inadequate, largely because there was no centralized fiscal authority.
Some have proposed the idea of a United States of Europe — with a centralized fiscal regime and greatly diminished national autonomy.
Moreover, the eurozone had no centralized fiscal policy that could help member countries that ran into trouble.
But the key to arms control today is fiscal control.
His main campaign themes include fiscal control and immigration control.
Since the economic reform, China has generated significant growth by adopting policies to "loosen and stimulate the economy" (fangkaigaohuo) and changed to a fiscal revenue sharing system from the centralized fiscal system.
The MIT accounting system lacks any notion of fiscal controls.
A centralized controller controls OpenFlow switches.
In a nod to sensitivities in member states like Germany, where political leaders and bankers are wary of jeopardizing their nations' creditworthiness by sharing more debt with struggling economies, Ms. Lagarde was careful to say such steps should be gradual and that debt-sharing should be conditional on more centralized control over fiscal policy in Europe.
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