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Advanced countries, I've argued, have a lot of fiscal leeway.
China has an enviable amount of fiscal leeway.
Ms Merkel, meanwhile, is under growing domestic pressure not to approve more fiscal leeway.
European governments have neither the fiscal leeway to borrow enough money, nor a joint treasury.
Germany should exploit record low interest rates and its peerless fiscal leeway to borrow and invest more, many argued.
The immediate question this Thursday will be what George Osborne decides to do with the modest fiscal leeway that is accruing.
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Wolfgang Schäuble's dislike of Juncker is well known: in the German finance ministry, the European commission giving France leeway on fiscal rules is seen as having dealt a blow to the EU's wider credibility.
A decade of fiscal caution has given South Africa's government leeway to splash out.
It seems as though Lafazanis and his colleagues will campaign on the idea of taking Greece out of the eurozone and restoring the drachma, which, at least in theory, would give the government the leeway to pursue more expansionary monetary and fiscal policies.
"If European growth turns out to be weaker than projected, which in turn would makes it tougher for Greece to grow, then Greece should be allowed greater leeway after the fact in meeting its fiscal targets," he wrote.
As the fiscal situation in most affected member states does not leave much leeway for social policy expansion, the politics necessary for such changes are complex and probably involve zero-sum conflicts.
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Justyna Jupowicz-Kozak
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