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Economist Michael Heise offers a seven-point plan to prevent yet more crises in Europe and to deliver a stronger European bloc. He proposes greater fiscal integration and powers to intervene in budgets, as well as the tools to kick rule-breakers out of the club. Although the skeptical European electorate might be unlikely to approve of Heise’s proposals for a radical overhaul of the European Union (EU), getAbstract nevertheless recommends this paper as an essential primer for understanding the critical challenges facing the EU.
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About the Author
Michael Heise is chief economist at Allianz SE. He is responsible for analysis and forecasts of the international economy and financial markets.
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