The term fiscal adjustment refers to all those policies implemented by a government to achieve a future stable economic orthodoxy, i.e. to improve the fiscal balance by drastically reducing the annual state budget deficits. The reduction of the state budget deficit must reach the level of 1.5% of GDP or 1.5% of GDP as a …
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The Sustainable Solution for the Eurozone Economy – Part IV
As regards the public sector expenditures on unemployment benefits and given that there will be a joint operational and centrally designed budget for the central government of the Eurozone, these costs will must be made with a combination of expenditures both from the budget of the central’s government member state and the common Eurozone budget. …