EUROPEAN UNION: Reform is likely to prevent new crisis
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In this article
- Old mechanisms
- SGP
- No-bailout clause
- Breakdown
- Feasibility
- Erosion
- Keys to reform
- Default regulation
- Enforcement
- The way ahead
- Fiscal federalism
- Surveillance and enforcement
- Audit powers
- Guarantees
- Coordination
- Competitiveness
- Peer review
- Conditionality
- Self-governance
- Balanced budget rules
- National borrowing restrictions
- Germany
- Borrowing
- European Monetary Fund
- Creditor
- Financing
- Ad hoc solutions
- Euro-area exit?
- Ejection
- German exit
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