Belgian review: Common debt will remain ‘taboo’ in Europe
Article considers the lessons offered by the US for the Emu
The issuance of common debt would solve "multiple euro problems" and expand the range of monetary policy instruments available to the European Central Bank (ECB), but will continue to remain a "political taboo", according to research published by the National Bank of Belgium.
An article in the Belgian central bank's latest economic review, published on October 14, considers what lessons the United States offers for the institutional design of the Economic and Monetary Union (Emu) in Europe.
The
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