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Would that not lead to a fiscal transfer?
The results obtained offer significant insights both for improving the Portuguese LFL and for designing new ecological fiscal transfer schemes.
First, the only plausible long-term alternative to debt restructuring permanent fiscal transfer from Europe's richer core (read Germany)—seems to be a political non-starter.
We argue that modifications to the MCS cannot be understood without an appreciation of the MNEs' fiscal transfer pricing compliance process.
This amounts to a backdoor fiscal transfer, exposing the bank to future losses as was the case with the Greek bailout.
Although these measures do not constitute a fiscal transfer unless those bonds subsequently default, this strategy uses the market credibility of the EU as a whole to support its weakest members.
Similar(36)
The prime minister believes the single currency will be unsustainable without fiscal transfers from the prosperous – and fiscally disciplined – north to the less prosperous and less disciplined south.
They could make fiscal transfers.
Fiscal transfers would be politically impossible.
Large fiscal transfers are needed to compensate.
financing in the form of fiscal coordination, euro bonds and fiscal transfers.
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