Which (Fiscal) Soul for Europe?

Marco Angelo Lossani*

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review


While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eurozone, clear proof of the incompleteness of the Economic and Monetary Union, which leads to a condition of fragility. Currently, the quest for a deep regime change in Europe in the realm of fiscal policy management seems to have disappeared from sight. Politicians are still debating whether the (possible) centralization of fiscal policy requires risk reduction rather than risk sharing as a pre-condition. The paper is an updated survey of the debate on the role of and the need for a fiscal union in the eurozone. The ultimate conclusion is that the European project is still in disarray, while populist forces are acquiring consensus in (almost) every country. The completion of the EMU’s deepening phase – particularly the orderly maintenance of the common currency – is at risk.
Lingua originaleEnglish
pagine (da-a)393-407
Numero di pagine15
RivistaRivista Internazionale di Scienze Sociali
Stato di pubblicazionePubblicato - 2018


  • European Monetary Union, Fiscal POlicy, Risk-Sharing vs. Risk-Reduction
  • Unione Monetaria Europea, Politiche Fiscali, Suddivisione vs. Riduzione del Rischio


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