{"id":2405,"date":"2011-09-22T16:14:04","date_gmt":"2011-09-22T14:14:04","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=2405"},"modified":"2011-09-22T16:14:04","modified_gmt":"2011-09-22T14:14:04","slug":"a-fiscal-union-for-the-euro-some-lessons-from-history","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/a-fiscal-union-for-the-euro-some-lessons-from-history\/","title":{"rendered":"A fiscal union for the euro: Some lessons from history"},"content":{"rendered":"<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/815\" target=\"_blank\">\u00a0Bordo, Michael<\/a>,\u00a0<a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/3239\" target=\"_blank\">Jonung, Lars<\/a>\u00a0&amp;\u00a0 <a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/7006\" target=\"_blank\">Markiewicz, Agnieszka<\/a>.<\/p>\n<p>The single European currency is the first of its kind \u2013 a union where monetary policy is decided centrally and fiscal policy decided nationally \u2013 something that many argue is the root cause of its troubles. This column looks to history to find examples of federal states with a common currency but without the frailties currently being exposed in the Eurozone. The main lesson: No bailouts.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Voxeu<\/p>\n<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/7007\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Bordo, Michael,\u00a0Jonung, Lars\u00a0&amp;\u00a0 Markiewicz, Agnieszka. The single European currency is the first of its kind \u2013 a union where monetary policy is decided centrally and fiscal policy decided nationally \u2013 something that many argue is the root cause of its troubles. This column looks to history to find examples of federal states with a common [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,24],"class_list":["post-2405","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-24"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=2405"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2405\/revisions"}],"predecessor-version":[{"id":2406,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2405\/revisions\/2406"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=2405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=2405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=2405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}