ASSIGNING BETTER TAX GOVERNANCE WITHIN THE EU THROUGH THE ACTIONS TO OVERCOME THE DEBT CRISIS AND ENHANCE THE ECONOMIC CONVERGENCE
ASSIGNING BETTER TAX GOVERNANCE WITHIN THE EU THROUGH THE ACTIONS TO OVERCOME THE DEBT CRISIS AND ENHANCE THE ECONOMIC CONVERGENCE

Summary/Abstract: Leading European analysts have expressed skepticism on the effectiveness of long-term of the Franco-German plan to resolve the debt crisis. It is argued if the recent agreement reached regarding the union tax - even by its rejection by the United Kingdom - is a firm policy option of the Member States - especially to those in the euro area - to maintain the single currency. In other words, under the pretext of a stronger fiscal union it would provide the vital coverage for the European Central Bank to intervene more vigorously in supporting certain states which, once entered into the area of default, would invalidate the European construction of the euro area. We aim through this approach, to analyze broadly, to what extent the new tax reform - in fact difficult to implement - can save the monetary union.

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