This Policy Brief argues that the Euro-area governance needs to move beyond the improvements brought about by banking union and should establish institutions to prevent divergences of wages from productivity. The authors propose the creation of a European Competitiveness Council composed of national competitiveness councils, and the creation of a Eurosystem of Fiscal Policy.
![](https://www.pubaffairsbruxelles.eu/wp-content/uploads/2021/07/euro-sculpture-2867942_1920-1.jpg)
Euro-area governance: what to reform and how to do it, by G.B. Wolff and A.Sapir
Source Bruegel - Mar 4, 15