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Third, the relationship between monetary policy and fiscal policy. The common currency banking system of the European Central Bank including the European Central (ECB) and the 16 central banks of the Member States. ECB monetary policy management in accordance with the inflation target. This regulation provides a foundation for the formation and stabilization euro. But it also brings many challenges to governments because they can not use monetary policy as an effective tool to support economic development. The member states approved the euro zone a common central bank, a common monetary policy but not approved a general tax policy.
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