European Fiscal Union


Italy Is Sick: Another Crisis In Its Illness Could Topple The Euro

Italy is a founding country of Europe and the euro. It has an ailing economy, which is not obvious at first sight, but its political weakness is evident. Italy is sick because of northern Europe’s austerity policies. And it can’t be expected to recover on its own because any crisis in its illness might cause the euro to take a definitive tumble.

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IMF Pledges for European Fiscal Union

NEW YORK | By Ana Fuentes | For the IMF, it’s time for Europe’s fiscal union. Unless the 17 members of the euro zone are willing to lose some control over their budgets in favor of an insurance program and do common borrowing, bailout crisis like Cyprus’ are likely to cripple them, the Washington-based fund’s said in a report.