Fiskalunion? Eher nicht

Kevin O'Rourke hält es für Irreführung, dass Frau Merkel und andere führende europäische Politiker in Bezug auf die Einigung am EU-Gipfel von einer "Fiskalunion" sprechen:

[T]he most obvious point about the recent summit is that the “fiscal stability union” that it proposed is nothing of the sort. Rather than creating an inter-regional insurance mechanism involving counter-cyclical transfers, the version on offer would constitutionalize pro-cyclical adjustment in recession-hit countries, with no countervailing measures to boost demand elsewhere in the eurozone. Describing this as a “fiscal union,” as some have done, constitutes a near-Orwellian abuse of language.

Quelle: Project Syndicate