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Many people argue that we need more fiscal stimulus.
"We certainly need more fiscal consolidation — that's a given," she said during a recent interview.
Mr Almunia maintains that it is now sufficiently flexible to set a reasonable long-term path for those euro-area members that still need more fiscal consolidation.
Because euro members have shed their power to pursue independent monetary and exchange-rate policies, they need more fiscal independence, not less.
Adam Posen, until recently a member of the Bank of England's Monetary Policy Committee and critic of British austerity, argues that Japan doesn't need more fiscal stimulus but can get the job done with monetary policy alone.
Euro-zone countries may need more fiscal co-ordination, but the EU does not have to have the same tax rates (or olive-oil rules).Fluent and more-or-less accentless in six European languages, fiercely ambitious and the proud owner of a formidable intellect, Mr Timmermans is well placed to take on Brussels's bureaucratic machine.
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Yes, our still-depressed economy needs more fiscal stimulus.
Few would give up the euro.Yet if the euro zone needs more fiscal federalism to survive, politics seems to preclude a Maastricht-style leap towards integration.
Mr Cameron said he believed that he will be successful in pushing his reforms through for "a couple of very good reasons," stating: "First of all, others in Europe need change to the European Union, the Eurozone, the Euro currency needs change because it needs a banking union, it needs more fiscal union, so we are perfectly legitimate to ask for our changes".
Indeed euro-zone policymakers are now scrambling to claim the plan as their own so that they can set the terms for the economic co-ordination and surveillance that it entails.For many, the fallout from the Greek crisis has proved what they had suspected all along: that the euro zone needs more fiscal co-ordination in order to work.
Instead of austerity, the U.S. needs more fiscal stimulus to grow, Stiglitz said.
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