The euro does come with a mandate for fiscal policy. It just isn't enforced since so few countries have been able to abide by it. https://en.wikipedia.org/wiki

The euro does come with a mandate for fiscal policy. It just isn't enforced since so few countries have been able to abide by it. https://en.wikipedia.org/wiki/Maastricht_Treaty#The_Maastricht_criteria https://en.wikipedia.org/wiki/Maastricht_Treaty#The_Maastric... What would you suggest as the enforcement mechanism for such a mandate? You can't kick a country out of the currency.