Greek Americans; America's Fiscal Union  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8744 (Jul. 2011), page 61-62.
Topik: International; Transfer Taxes; States; Economic Models; Economic Planning

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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In making their latest deal to save the euro on July 21st, the 17 members of the single currency took another small step towards a fiscal union. America made that leap 220 years ago, when the new federal government took on the debts incurred by individual states in their revolutionary war against Britain. Ever since, federal debt has been backed by the full faith and credit of the entire United States (state debts are a different matter). America's good credit has survived war and depression. Europe still has a long way to go before it is as fiscally united as America. It could not contemplate anything like the transfers that America's federal system allows.

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