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European Union - debates, current issues

Page history last edited by Brian D Butler 12 years, 2 months ago

 

 

 

"Before the ink of the Maastricht Treaty was dry, it was criticized for creating an incomplete monetary and fiscal construction. Maastricht provided for a single monetary policy but left economic, fiscal and social policies to national governments. The European Central Bank was put in charge of monetary policy, but the Treaty didn't create a fiscal counterpart," writes Viviane Reding in the Wall Street Journal.

 

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