Nobel laureate Maskin wants bureaucrats to set euro fiscal policy

Nobel laureate Maskin wants bureaucrats to set euro fiscal policy
 

Unelected bureaucrats, rather than politicians, should be put in charge of the euro zone's fiscal policy, Nobel prize laureate Eric Maskin said on Thursday, arguing they would be in a better position to decide for the public good.
Despite mounting calls from economists and international institutions, cash-rich euro zone governments such as Germany have been reluctant to loosen the purse strings, fearing they would end up subsidising their indebted neighbours.
Maskin, winner of the 2007 Nobel prize in economics, said election-seeking politicians tended to pander to voters, who "have a... read more

 
29 September 2016 in Business, Views: 44
Source: Reuters
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