This article is  new in respect to its repudiation of the one-size-fits-all approach taken so far in the Euro- pean integration process, in favour of a thoroughgoing orientation towards economic capabilities of individual states.. The article proposes to bring debt repayment paths and entitlements to benefit from the eurobond system In  addition it emphasizes the cash flows to be expected from a financial transaction tax earmarked for combating the recession and the regulation of internal European competition with regard to wages, taxes and social spending into line with the individual socioeconomic situation of the participating countries.  Signatura: Politica Tributaria 40.

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