Bruegel: Towards a system to secure the euro
25 June 2010
Jean Pisani-Ferry, director of Bruegel, analyzes the following three aspects of Eurozone governance: strengthening of budgetary discipline, surveillance of the eurozone countries’ competitiveness and provisions for crisis management.
Eurozone governance appears to be focused on three aspects: strengthening of budgetary discipline; surveillance of the eurozone countries’ competitiveness; and provisions for crisis management. While this is a sensible agenda, Bruegel Director Jean Pisani-Ferry delves into the details of these three topics to explain how they can work in practice. He also examines the inadequacies of the current institutional framework of the euro area and asks if it is time to seriously consider the creation of an independent surveillance authority.
© Bruegel
