Since 2010 the EMU has undergone deep reforms, yet there is widespread consensus that the monetary union is incomplete. The debate on European integration has for long been influenced by the experience of the U.S. and the one on the fiscal regime is no exception.
In his recent paper, Jörg Bibow argues that the Eurozone’s fiscal regime is marked by important failures and gaps and that elements in the US fiscal regime might potentially serve the euro area well in ‘completing’ its own, hitherto dysfunctional euro regime.
This meeting will put into perspective the EMU reform path and discuss its impact and future developments.
