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Recommendations for Europe


  • Lars Calmfors
  • Giancarlo Corsetti
  • John Hassler
  • Gilles Saint-Paul
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Ákos Valentinyi
  • Xavier Vives


Chapter 2: The European Balance-of-Payments Problem: Introduce ‘euro-standard’ bills / Settle Target balances. Chapter 3: Banking Regulation: Promote European financial integration / Give national central banks a supervisory role / Redesign the euro area’s financial architecture. Chapter 4: Lessons from Sweden: Develop a culture of fiscal transparency and public debate / Frame budget decisions in the right way / Promote output growth to boost fiscal sustainability. Chapter 5: Lessons from Hungary: Decouple fiscal policy from election cycles / Set up independent fiscal watchdogs to ensure fair-play / Introduce stronger enforcement mechanisms. Chapter 6: Pricing Climate Change: Do not treat different renewable energy technologies inconsistently / Promote mitigation and introduce a common CO2-tax.

Suggested Citation

  • Lars Calmfors & Giancarlo Corsetti & John Hassler & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi & Xavier Vives, 2012. "Recommendations for Europe," EEAG Report on the European Economy, CESifo Group Munich, vol. 0, pages 06-08, February.
  • Handle: RePEc:ces:eeagre:v::y:2012:i::p:06-08

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