The head of IMF said that they have to talk about making fiscal union in Europe in order to prepare for future crises.
"We very much think of the euro area as a beautiful ship that has been pampered for the soft seas, but not completely finished for rough waters," said Christine Lagarde about the fiscal federalism at the finance ministry of France. She told people that they need a new plan and to prepare for the future, they have to add some policies and activate fiscal federalism in the country. She also told, if the fiscal systems unite, it will help the euro zone have less destruction caused by economical crises.
Also, in this meeting the finance minister Mr. Moscovici spoke about their insurance system and other ways to set up budgets for government's choices.
We all know money is a crucial source to run a government or their policies. The area of a government to collect tax, fund policies, and budgeting are things that the fiscal federation has to handle. Through this article I was able to learn the importance of fiscal federation's role in the government.
Original Article
http://online.wsj.com/article/BT-CO-20130910-701415.html
by William Horobin September 10, 2013, 5:07 a.m.
It is good to know more about the fiscal federation's role in the government from you. I wanted to know more. It is good article of relating with our class discussion. I want to know what would happen next after they plan for other policies.
답글삭제Money can be used in good ways but also bad ways. I hope Europe made effective fiscal policies for them. I also want to no more about the fiscal federalism and a role of the government.
답글삭제I think it is a very wise decision to make fiscal union in Europe in order to prevent future crises, because if nobody prepare nothing for the economic situation in Europe, then they will not be able to stop when they face the problem in the future.
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