« previous next »

Author Question: Describe the single supervisory mechanism or SSM proposed by EU leaders in June of 2012. What ... (Read 46 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
Describe the single supervisory mechanism or SSM proposed by EU leaders in June of 2012.
 
  What will be an ideal response?

Question 2

What is fiscal federalism?
 
  What will be an ideal response?


kmb352

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

The SSM involved granting the European Central Bank the power to police banks throughout the euro zone and the ability to re-capitalize banks directly if needed.

Answer to Question 2

Fiscal federalism in the euro zone involves establishing a larger centralized budget managed by a central fiscal authority with the capability to tax, spend, and issue euro bonds.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Mechanism of photoreception. Mechanism of photoreception.
Postulated mechanism for purple bacterial photosynthesis Postulated mechanism for purple bacterial photosynthesis
The mechanism of action of lysozyme The mechanism of action of lysozyme
Proposed mechanism for the reaction catalyzed by flavin-dependent thymidylate synthase Proposed mechanism for the reaction catalyzed by flavin-dependent thymidylate synthase
The operon model, as proposed in 1961 by Jacob and Monod The operon model, as proposed in 1961 by Jacob and Monod
Proposed steps in the evolution of jaws Proposed steps in the evolution of jaws
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library