Moreover, steps should be taken towards introducing a budget for the Eurozone, which would contribute towards absorbing shocks that may occur in the future, as long as this potential fiscal capacity is designed as a conditional help for striving for reforms. As stated in the EESC Own-initiative opinion on Completing EMU14, such a euro area budget could be financed by a financial transaction tax covering the whole Euro area, a carbon tax, a temporary levy or by issuing joint bonds. However, an agreement is still required on any of these options.
