spotlight europe #2015/04—October 2015: A Fiscal Union for Europe – Building Block and Not a Magic Bullet

The dramatic negotiations with Greece in the past few months have been a telling reminder of the weaknesses of the euro area. Most of the commentators are of the opinion that if the monetary union is going to be crisis-resistant and stable in the long term, certain very important elements will have to be changed. However, there is little or no agreement when it comes to specifying the "what" and the "how". In particular there are heated debates about the right steps to further integration in the area of fiscal policy. "Fiscal union can create stability only if it includes both credible budgetary rules and some kind of risk sharing", argue Katharina Gnath and Jörg Haas in the latest spotlight europe. However, "whilst it is an important and effective way of stabilizing the euro area, it should not exclude the use of other instruments."

Hangsterfer Block in 1862 or 1867 at 316 South State St., Ann Arbor, Mich.

Former site of Kresge's. Source: Ray Hutzel

Left: Livery & Sale Stables, J.A. Polhemus & Son, Proprs., Ann Arbor, Mich. Left: Buchoz's Block, Ann Arbor, Mich. Bottom: Orchestrian Hall, Fred Rettich, Proprietor, Ann Arbor, Mich.

Ann Arbor, Mich. businesses. Publication information: Chicago, Ill. : Everts & Stewart, 1874.

Granite block marking the former place of the Haven Elm, planted by the class of 1867 in honor of President Erastus O. Haven.

On verso: Class [sic] to the rear wall of Angell Hall and between Angell and Haven Halls. M-12

Tom Johnson and John Ghindia block for Don Peterson vs Purdue, UM Football, 1949

[Tom Johnson, #76, John Ghindia, #23, Don Peterson, #23]

De Mi "Block".

Mode of access: Internet.

Evaluation of the Technicon block digestor system for total kjeldahl nitrogen and total phosphorus /

Issued Feb. 1978.

Fair housing in Louisville : the community development block grant program : a report /

Item 288-A

Community development block grant--small cities regulations : hearing before the Subcommittee on Housing and Community Development of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-seventh Congress, first session, December 11, 1981.

Item 1013-A, 1013-B (microfiche)