The global crisis and Covid-19 pandemic highlighted the limitations of the European Economic and Monetary Union, particularly the lack of a fiscal union for cross-border risk sharing. This column proposes a central fiscal capacity for the euro area in which transfers to/from regions are driven by euro-area, country-specific, and region-specific shocks. The scheme can produce
The KNZB sent a letter to its swimmers indicating that if they did choose to race in the ISL, their spot at international competitions was in jeopardy.
Though never elected to the House of Commons, Nigel Farage has been a more significant player than most leaders of the traditional political parties, more influential than some prime ministers.
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