Helsinki
Bruxelles
Lisbonne
News and Archives of Jacques Delors
News & Archives from
Jacques Delors
Access
Support the Jacques Delors Institute!
Click here
Subscribe to our newsletter
Subscribe to our newsletter
Read our newsletter
Author
Eulalia Rubio

Eulalia Rubio

Eulalia Rubio is Senior Research Fellow at the Jacques Delors Institute. Her research and ...
DIARY
Search
Themes :
Select ...
Choose a theme
Types :
Select ...
Choose type
Dates :
Select ...
Validate
Publications

Which financial instrument to facilitate structural reforms in the euro area?

on December 18, 2013, 18:00
Policy paper - Eulalia Rubio

The idea of creating contractual arrangements to facilitate structural reforms in the euro area starts to take shape. This policy paper by Eulalia Rubio provides some thoughts on this proposal and, more generally, on the rationale for setting up an incentive tool to facilitate reforms in the euro area.


After analyzing the proposal which is currently under negotiation (section 1), the paper discusses some issues concerning the coverage, type of reforms targeted, national ownership and type of financial support attached to these contracts (section 2).

Section 3 then takes a closer look at the rationale for these arrangements. It questions the causal assumptions in which is based the proposal and makes a case for switching from a logic of incentives to a logic of solidarity.

Section 4 sketches out the basic features of an alternative to contractual arrangements: a euro area solidarity instrument to support countries undertaking internal devaluation processes, inspired on Jacques Delors’ idea of setting up a “super Cohesion Fund” for the most distressed EMU countries.

Contact - Sitemap - Legal - Vacancies
Jacques Delors Institute - 19, rue de Milan - 75009 Paris - Tel. +33 1 44 58 97 97 - Email: info@delorsinstitute.eu
Jacques Delors Institut – Berlin, Pariser Platz 6, 10117 Berlin
Powered by Walabiz
We use cookies on our website.
If you continue to use our website you consent to the use of cookies.