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And the euro zone will need much more fiscal coordination to survive.
Closer fiscal coordination, more discipline and more transparent accounting are essential to preserving the euro.
financing in the form of fiscal coordination, euro bonds and fiscal transfers.
France and Germany agree with Mr. Obama that more fiscal coordination is vital across the euro zone.
Germany and France argue that they are fixing the euro's original flaw: creating a monetary union without fiscal coordination.
Fiscal coordination is a realistic hope; optimal fiscal consolidation cannot be determined by either eurocrats or markets, no matter what the economics textbooks say.
Similar(39)
But if the relevant treaties can be amended or skirted, such an organization could effectively address the euro zone's central problem: a lack of fiscal policy coordination.
The accord on six legislative proposals was the latest effort to restore confidence in the euro by extending economic and fiscal policy coordination and imposing sanctions on governments that fail to rein in excessive budget deficits and debt.
The accord on six legislative proposals was the latest effort to restore confidence in the common currency by extending economic and fiscal policy coordination in the European Union and imposing sanctions on governments that fail to rein in excessive budget deficits and debt.
The 'European Semester' is the EU's cycle of economic and fiscal policy coordination.
All newly created mechanisms for fiscal policy coordination should be matched with sufficient provisions to ensure democratic accountability and legitimacy.
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