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The Economic and Monetary Union (EMU) is based on an asymmetry: On one hand, there is themonetary dimension which falls within the exclusive competence of the European Central Bank(ECB), on the other hand, there are the economic and budgetary domains which fall within thecompetence of the Member States.1
Nathanael Kos'isaka (2025) "Fiscal Capacity & Stablization Function Within the Eurozone: A Matter of Uncertainty", GNLU Journal of Law And Economics : Volume I 2018, Issue I 2018
Available at:
https://gnlu.ac.in/GJLE/Publications/Fiscal Capacity & Stablization Function Within the Eurozone: A Matter of Uncertainty