A Quote by Iveta Radicova
If we have a common currency, the main regulator for policy in the country is the fiscal policy.
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We need to move forward, from the common currency to the banking union to a common financial policy and, in the middle-term, to a common foreign and security policy. That will take time, because we need to figure out how to deal with those countries that don't always want a more tightly integrated European Union.
I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.
There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
Fiscal policy is a very important part of the tool kit for policy makers.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Individuals get caught up in the policy of their country. In prison, for instance, a warden or officer is not promoted if he doesn't follow the policy of the government - though he himself does not believe in that policy.
A common currency imposes on us a duty to cooperate more on policy.
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.
We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
Watch out Mr. Bush! With the exception of economic policy and energy policy and social issues and tax policy and foreign policy and supreme court appointments and Rove-style politics, we're coming in there to shake things up!
As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy.
... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
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