Should fiscal stimulus packages be coordinated in times of crisis?
The Merkel government has even been accused by some of displaying a free-rider behaviour in the area of fiscal policy since it was more reluctant in pushing forward large fiscal rescue packages in the fight against the crisis than its Euro area counterparts with partly higher debt burdens and often higher fiscal deficits and appeared less prone to European coordinated efforts. The same argument was more recently used by the US government to blame the EU ... Full Story »
Posted by Peter Barnett
