About: fiscal union Archives
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Moscovici: Eurozone must tackle ‘legacy debt’, have its own budget
Eurozone countries have to find a way to deal with the high public debt built up during 2008-2012, and which puts European economies on divergent tracks, EU Economic and Monetary Affairs Commissioner Pierre Moscovici said on Wednesday (6 May).
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Bank of England Governor : More fiscal union, less austerity
Mark Carney, the Governor the Bank of England, has urged the eurozone to move towards fiscal union and end its hardline austerity policies in a bid to promote growth.
![Hearings of candidate commissioner Pierre Moscovici. [European Parliament / Flickr]](https://www.euractiv.com/wp-content/uploads/sites/2/2015/05/moscovici_hearing.jpeg)
![Mark Carney at the Financial Stability Report Press Conference - December 2014. [Copyright: Chris Ratcliffe, Bloomberg]](https://www.euractiv.com/wp-content/uploads/sites/2/2015/01/mark_carney.jpeg)