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It will also require more centralized coordination of fiscal policy for the euro zone's 17 countries.
They want to use this occasion to reshape fiscal policy for decades.
A big demographic change can warp fiscal policy for decades, as "baby boomer" countries are discovering.
He also said the Fund had advised Bucharest to maintain current fiscal policy for another year or two.
The two parties have not been so far apart on fiscal policy for at least five elections.
"And the implications of that for our financial system, for our fiscal policy, for our economy would be catastrophic".
Similar(19)
The lack of common fiscal policies for the bloc meant built-in instability for the euro, but years without a major recession covered it up.
The International Monetary Fund said last year that the Western-backed authority had built the institutions and sound fiscal policies for running the economy of a future state.
Yet the old snake oil salesman still has the power to irritate as he amply illustrated in Manchester, blaming everything but Gordon Brown's fiscal policies for the defeat.
PARIS — When the euro was in the process of being created during the 1990s, it was clear that it couldn't ultimately survive without a European ministry of finance and the coordination of tax and fiscal policies for the whole of the eurozone.
The aim of this article is to evaluate the conduct of monetary and fiscal policies for a panel data of 113 advanced and emerging/developing economies, for the period prior to the beginning of the crisis (2001 2008) and for the period after the financial crisis (2009 2012).
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