The euro area needs a fiscal union

27 Feb 18

The eurozone needs to be more politically unified otherwise it will leave countries - especially those that already have high levels of public debt - vulnerable to economic shocks, say directors in the IMF research department. 

  • Helge Berger, Giovanni Dell'Ariccia and Maurice Obstfeld
    Helge Berger and Giovanni Dell'Ariccia are assistant directors in the IMF research department. Maurice Obstfeld is the economic counsellor and director of research at the IMF. 

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