Fiscal Reform in the Eurozone – A Complex Political Issue
With Brexit looming over the health of the European economy and Trump imposing $7.5 billion tariffs on European imports to the United States, the Eurozone faces political challenges. Pitted along a spectrum ranging from pro-stimulus to pro-austerity positions, different politicians advocate for distinct economic futures for the Eurozone. The situation is further complicated by trade disputes, macroeconomic pressures, and a slowing European economy. The outcome of fiscal reform in the Eurozone will depend on who ends up controlling European economic and monetary politics. To address the growing threat to the European economy, the European Union (EU) has confirmed Paolo Gentiloni as the new European Commissioner for Economic Affairs. In his confirmation hearing, Gentiloni presented a reform agenda for the Eurozone …