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Common Fiscal Policy


  • Gabriel Mursa

    () (Alexandru Ioan Cuza University of Iasi, Romania)


The purpose of this article is to demonstrate that a common fiscal policy, designed to support the euro currency, has some significant drawbacks. The greatest danger is the possibility of leveling the tax burden in all countries. This leveling of the tax is to the disadvantage of countries in Eastern Europe, in principle, countries poorly endowed with capital, that use a lax fiscal policy (Romania, Bulgaria, etc.) to attract foreign investment from rich countries of the European Union. In addition, common fiscal policy can lead to a higher degree of centralization of budgetary expenditures in the European Union.

Suggested Citation

  • Gabriel Mursa, 2014. "Common Fiscal Policy," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(2a), pages 141-149, August.
  • Handle: RePEc:jes:wpaper:y:2014:v:6:i:2a:p:141-149

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    References listed on IDEAS

    1. Ruggie, John Gerard, 1992. "Multilateralism: the anatomy of an institution," International Organization, Cambridge University Press, vol. 46(03), pages 561-598, June.
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    More about this item


    common fiscal policy; foreign investment; taxes; public expenditure Romania;

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy


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