We must ensure that our population at all ages and all competencies receives an education that will allow full and continuing participation in this dynamic period. BIS Review 56/2001  3
There is no willingness to do that at present – not in Germany or in any other country of the euro area. Thus, a fiscal union is a long way off. For the time being, that leaves us with the second option: implementing both liability and control at the national level. This would mean strengthening the original Maastricht framework, creating a “Maastricht 2.0”.