Strauss-Kahn calls for European fiscal federation


National fiscal policies would be far more effective if eurozone countries agreed to coordinate their efforts through one centralised fiscal authority, Dominique Strauss-Kahn, the managing director of the IMF, said Tuesday.

"The centre must be given a greater role in national fiscal policies if the Economic and Monetary Union is to become a more effective - and more resilient - monetary union," Strauss-Kahn said at the Bruegel-IMF Conference on Sovereign Risk and Fiscal Policy in the Euro Area,

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