Fiscal union is the only real solution | Credit Writedowns<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A fiscal union led by Germany would in effect force debtor nations who want more German and ECB support to surrender more of their fiscal sovereignty, in a binding way, to EU Commissioners, who would have greater authority in shaping national budgets and fiscal policies. Rather than ECB bond buying or a common bond issuance … <\/p>\n
Continue reading “Fiscal union is the only real solution | Credit Writedowns”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1169,1293,1295,1299,1414,1417],"class_list":["post-2365","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-ecb","tag-euro-bonds","tag-euro-zone","tag-eurobonds","tag-fiscal-reform","tag-fiscal-union"],"yoast_head":"\nFiscal union is the only real solution | Credit Writedowns - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiscal union is the only real solution | Credit Writedowns - the patient investor\" \/>\n<meta property=\"og:description\" content=\"A fiscal union led by Germany would in effect force debtor nations who want more German and ECB support to surrender more of their fiscal sovereignty, in a binding way, to EU Commissioners, who would have greater authority in shaping national budgets and fiscal policies. 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It needs to close the fiscal loopholes. Many have recognized that this was a necessary birth defect in EMU\u2013monetary union without fiscal union. A fiscal union\u2013where countries, especially those that struggle to adhere to the Stability and Growth rule,\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1080,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/03\/nein-nein-nein-and-the-death-of-eu-fiscal-union-telegraph-blogs\/","url_meta":{"origin":2365,"position":1},"title":"NEIN, NEIN, NEIN, and the death of EU Fiscal Union \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"October 3, 2011","format":false,"excerpt":"Bundestag president Norbert Lammert said yesterday, lawmakers had a nasty feeling that they had been \"bounced\" into backing far-reaching demands. This can never be allowed to happen again. He warned too that Germany's legislature would not give up its fiscal sovereignty to any EU body. .....Something profound has changed. Germans\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2564,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/06\/buiter-no-politically-feasible-route-to-sustained-growth-for-many-years-to-come-credit-writedowns\/","url_meta":{"origin":2365,"position":2},"title":"Buiter: no politically feasible route to sustained growth for many years to come | Credit Writedowns","author":"ColinTwiggs","date":"December 6, 2011","format":false,"excerpt":"Citigroup chief economist Willem Buiter: There really is no politically feasible route back to sustained economic growth through monetary and\/or demand stimulating policies for the EA, the UK, the US and Japan, for many years to come. 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Chancellor Merkel says that\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=2365"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2365\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}