What I would like to argue is that the macroeconomic stabilization function of fiscal policy has become more important, and should therefore attract more prominence when weighing the various objectives of fiscal policy. Fiscal-monetary coordination in the euro area Now that we have covered the theory, let’s see what actually happened in the euro area.
Credit unions have a lot to offer for their members and the nation, if the right legal and institutional frameworks are in place. Conclusion In concluding, let me re-iterate that given the important role that credit unions play in the economy, the Central Bank pledges its continued support to the credit union movement in the country.