The eurozone needs a new treasury to revive it

The crisis of growth in the eurozone economy is now in its seventh year and the outlook is truly grim. But a new consensus is gradually emerging that could help lift euro countries out of this ongoing crisis. It emphasises the need for Europe’s currency union to reinvigorate public investment by some joint endeavour.

• Primary Source

LSE Financial Markets Group: Special Paper Series, No.227, November 2013: Lost at Sea: The Euro Needs a Euro Treasury http://www.lse.ac.uk/fmg/workingPapers/specialPapers/PDF/sp227.pdf

ESO: Background information: Juncker's €300bn is beginning of 'fiscal union' http://www.europeansources.info/record/junckers-e300bn-is-beginning-of-fiscal-union/

ESO: Background information: Berlin-Paris tensions re-emerge as ECB ponders stimulus http://www.europeansources.info/record/berlin-paris-tensions-re-emerge-as-ecb-ponders-stimulus/

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