Euro area decision-making lacks synchronisation

This article published on Thursday 8 September by ECB Executive Board Member Lorenzo Bini Smaghi says Eurozone countries could boost the effectiveness of the currency union by unveiling their national budgets around the same date and by using the same economic forecasts.

This article was first published by the Financial Times on 8 September 2005. The author is Lorenzo Bini Smaghi, Member of the Executive Board of the European Central Bank. The European Central Bank is the copyright holder of the

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