Fiscal discipline will be key part of euro-area reform

Three broad avenues for reform are possible; fiscal discipline is integral to all of them

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In this article

  • Fixing the dysfunctional euro-area
  • Option 1: streamlined fiscal discipline and coordination
  • Option 2: streamlined discipline and solidarity
  • Option 3: streamlined discipline, solidarity and convergence
  • Next steps

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.