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Published on Nov 16, 2016
CoR rapporteur Carl Fredrik Graf explains his opinion on the Fiscal Capacity and Automatic Stabilizers in the European Monetary Union.
As asymmetric shocks also affect the regional and the local level the opinion should enable the CoR to assume a proactive role in the preparation of the next steps to make EMU more resilient and to express its point of view on whether and to which extent a fiscal capacity is needed to achieve a genuine EMU and what functions it should fulfil.