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Tuesday, March 5, 2013

Joseph Stiglitz after the Italian elections

Joseph Stiglitz says that Europe needs:

  1. ... greater fiscal federalism, not just centralized oversight of national budgets.
  2. ...banking union, too. But it needs to be a real union, with common deposit insurance and common resolution procedures, as well as common supervision. and
  3. ...Eurobonds
  4. ,,, wage increases in Germany and industrial policies that promote exports and productivity in Europe’s periphery

No comment, just emphasis

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