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>A return to the Deutschmark or a core monetary union would impoverish Europe’s economies. Instead, Eurobonds could offer a viable solution to preserve unity in diversity
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A return to the Deutschmark or a core monetary union would impoverish Europe’s economies. Instead, Eurobonds could offer a viable solution to preserve unity in diversity
An overstretched EU-level monetary policy and differences in real interest rates within the Eurozone have led to a vicious circle of asset bubbles in some Eurozone countries and slow growth in others. The introduction of Eurobonds, together with fiscal innovation at the member state level, can help to ensure income convergence with stability, argue Anke Hassel and Waltraud Schelkle
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机译:欧盟一级过度的货币政策和欧元区内的实际利率差异,导致一些欧元区国家的资产泡沫形成恶性循环,而另一些国家的增长缓慢。 Anke Hassel和Waltraud Schelkle认为,引入欧洲债券以及在成员国一级进行财政创新可以帮助确保收入趋于稳定。
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