id	sid	tid	token	lemma	pos
cord-285458-g6esbbrr	1	1	key	key	NN
cord-285458-g6esbbrr	1	2	:	:	:
cord-285458-g6esbbrr	1	3	cord-285458-g6esbbrr	cord-285458-g6esbbrr	NNP
cord-285458-g6esbbrr	1	4	authors	author	NNS
cord-285458-g6esbbrr	1	5	:	:	:
cord-285458-g6esbbrr	1	6	Fargnoli	Fargnoli	NNP
cord-285458-g6esbbrr	1	7	,	,	,
cord-285458-g6esbbrr	1	8	Raffaele	Raffaele	NNP
cord-285458-g6esbbrr	1	9	title	title	NN
cord-285458-g6esbbrr	1	10	:	:	:
cord-285458-g6esbbrr	2	1	Adapting	adapt	VBG
cord-285458-g6esbbrr	2	2	the	the	DT
cord-285458-g6esbbrr	2	3	EU	EU	NNP
cord-285458-g6esbbrr	2	4	Economic	Economic	NNP
cord-285458-g6esbbrr	2	5	Governance	Governance	NNP
cord-285458-g6esbbrr	2	6	to	to	IN
cord-285458-g6esbbrr	2	7	New	New	NNP
cord-285458-g6esbbrr	2	8	Macroeconomic	Macroeconomic	NNP
cord-285458-g6esbbrr	2	9	and	and	CC
cord-285458-g6esbbrr	2	10	Political	Political	NNP
cord-285458-g6esbbrr	2	11	Realities	Realities	NNPS
cord-285458-g6esbbrr	2	12	date	date	NN
cord-285458-g6esbbrr	2	13	:	:	:
cord-285458-g6esbbrr	2	14	2020	2020	CD
cord-285458-g6esbbrr	2	15	-	-	SYM
cord-285458-g6esbbrr	2	16	10	10	CD
cord-285458-g6esbbrr	2	17	-	-	SYM
cord-285458-g6esbbrr	2	18	24	24	CD
cord-285458-g6esbbrr	2	19	journal	journal	NN
cord-285458-g6esbbrr	2	20	:	:	:
cord-285458-g6esbbrr	3	1	Inter	Inter	NNP
cord-285458-g6esbbrr	3	2	Econ	Econ	NNP
cord-285458-g6esbbrr	3	3	DOI	DOI	NNP
cord-285458-g6esbbrr	3	4	:	:	:
cord-285458-g6esbbrr	3	5	10.1007	10.1007	CD
cord-285458-g6esbbrr	3	6	/	/	SYM
cord-285458-g6esbbrr	3	7	s10272	s10272	CD
cord-285458-g6esbbrr	3	8	-	-	HYPH
cord-285458-g6esbbrr	3	9	020	020	CD
cord-285458-g6esbbrr	3	10	-	-	HYPH
cord-285458-g6esbbrr	3	11	0922	0922	CD
cord-285458-g6esbbrr	3	12	-	-	SYM
cord-285458-g6esbbrr	3	13	0	0	CD
cord-285458-g6esbbrr	3	14	sha	sha	NN
cord-285458-g6esbbrr	3	15	:	:	:
cord-285458-g6esbbrr	4	1	dd4270d37c7f43fa47ac32b8519ff3807adf3611	dd4270d37c7f43fa47ac32b8519ff3807adf3611	NNP
cord-285458-g6esbbrr	4	2	doc_id	doc_id	CD
cord-285458-g6esbbrr	5	1	:	:	:
cord-285458-g6esbbrr	5	2	285458	285458	CD
cord-285458-g6esbbrr	5	3	cord_uid	cord_uid	FW
cord-285458-g6esbbrr	5	4	:	:	:
cord-285458-g6esbbrr	6	1	g6esbbrr	g6esbbrr	NNP
cord-285458-g6esbbrr	6	2	There	there	EX
cord-285458-g6esbbrr	6	3	was	be	VBD
cord-285458-g6esbbrr	6	4	a	a	DT
cord-285458-g6esbbrr	6	5	widespread	widespread	JJ
cord-285458-g6esbbrr	6	6	consensus	consensus	NN
cord-285458-g6esbbrr	6	7	on	on	IN
cord-285458-g6esbbrr	6	8	the	the	DT
cord-285458-g6esbbrr	6	9	need	need	NN
cord-285458-g6esbbrr	6	10	to	to	TO
cord-285458-g6esbbrr	6	11	modify	modify	VB
cord-285458-g6esbbrr	6	12	fiscal	fiscal	JJ
cord-285458-g6esbbrr	6	13	rules	rule	NNS
cord-285458-g6esbbrr	6	14	in	in	IN
cord-285458-g6esbbrr	6	15	the	the	DT
cord-285458-g6esbbrr	6	16	EU	EU	NNP
cord-285458-g6esbbrr	6	17	even	even	RB
cord-285458-g6esbbrr	6	18	before	before	IN
cord-285458-g6esbbrr	6	19	the	the	DT
cord-285458-g6esbbrr	6	20	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	6	21	crisis	crisis	NN
cord-285458-g6esbbrr	6	22	.	.	.
cord-285458-g6esbbrr	7	1	The	the	DT
cord-285458-g6esbbrr	7	2	aim	aim	NN
cord-285458-g6esbbrr	7	3	of	of	IN
cord-285458-g6esbbrr	7	4	this	this	DT
cord-285458-g6esbbrr	7	5	article	article	NN
cord-285458-g6esbbrr	7	6	is	be	VBZ
cord-285458-g6esbbrr	7	7	to	to	TO
cord-285458-g6esbbrr	7	8	reflect	reflect	VB
cord-285458-g6esbbrr	7	9	on	on	IN
cord-285458-g6esbbrr	7	10	the	the	DT
cord-285458-g6esbbrr	7	11	reform	reform	NN
cord-285458-g6esbbrr	7	12	of	of	IN
cord-285458-g6esbbrr	7	13	fiscal	fiscal	JJ
cord-285458-g6esbbrr	7	14	rules	rule	NNS
cord-285458-g6esbbrr	7	15	from	from	IN
cord-285458-g6esbbrr	7	16	a	a	DT
cord-285458-g6esbbrr	7	17	broader	broad	JJR
cord-285458-g6esbbrr	7	18	perspective	perspective	NN
cord-285458-g6esbbrr	7	19	,	,	,
cord-285458-g6esbbrr	7	20	looking	look	VBG
cord-285458-g6esbbrr	7	21	at	at	IN
cord-285458-g6esbbrr	7	22	three	three	CD
cord-285458-g6esbbrr	7	23	different	different	JJ
cord-285458-g6esbbrr	7	24	dimensions	dimension	NNS
cord-285458-g6esbbrr	7	25	:	:	:
cord-285458-g6esbbrr	7	26	the	the	DT
cord-285458-g6esbbrr	7	27	political	political	JJ
cord-285458-g6esbbrr	7	28	economy	economy	NN
cord-285458-g6esbbrr	7	29	of	of	IN
cord-285458-g6esbbrr	7	30	fiscal	fiscal	JJ
cord-285458-g6esbbrr	7	31	rules	rule	NNS
cord-285458-g6esbbrr	7	32	in	in	IN
cord-285458-g6esbbrr	7	33	the	the	DT
cord-285458-g6esbbrr	7	34	current	current	JJ
cord-285458-g6esbbrr	7	35	political	political	JJ
cord-285458-g6esbbrr	7	36	and	and	CC
cord-285458-g6esbbrr	7	37	economic	economic	JJ
cord-285458-g6esbbrr	7	38	environment	environment	NN
cord-285458-g6esbbrr	7	39	,	,	,
cord-285458-g6esbbrr	7	40	the	the	DT
cord-285458-g6esbbrr	7	41	renewed	renew	VBN
cord-285458-g6esbbrr	7	42	debate	debate	NN
cord-285458-g6esbbrr	7	43	about	about	IN
cord-285458-g6esbbrr	7	44	fiscal	fiscal	JJ
cord-285458-g6esbbrr	7	45	policy	policy	NN
cord-285458-g6esbbrr	7	46	roles	role	NNS
cord-285458-g6esbbrr	7	47	and	and	CC
cord-285458-g6esbbrr	7	48	objectives	objective	NNS
cord-285458-g6esbbrr	7	49	,	,	,
cord-285458-g6esbbrr	7	50	as	as	RB
cord-285458-g6esbbrr	7	51	well	well	RB
cord-285458-g6esbbrr	7	52	as	as	IN
cord-285458-g6esbbrr	7	53	the	the	DT
cord-285458-g6esbbrr	7	54	current	current	JJ
cord-285458-g6esbbrr	7	55	incomplete	incomplete	JJ
cord-285458-g6esbbrr	7	56	nature	nature	NN
cord-285458-g6esbbrr	7	57	of	of	IN
cord-285458-g6esbbrr	7	58	the	the	DT
cord-285458-g6esbbrr	7	59	European	European	NNP
cord-285458-g6esbbrr	7	60	Monetary	Monetary	NNP
cord-285458-g6esbbrr	7	61	Union	Union	NNP
cord-285458-g6esbbrr	7	62	and	and	CC
cord-285458-g6esbbrr	7	63	the	the	DT
cord-285458-g6esbbrr	7	64	prospects	prospect	NNS
cord-285458-g6esbbrr	7	65	for	for	IN
cord-285458-g6esbbrr	7	66	its	-PRON-	PRP$
cord-285458-g6esbbrr	7	67	completion	completion	NN
cord-285458-g6esbbrr	7	68	.	.	.
cord-285458-g6esbbrr	8	1	The	the	DT
cord-285458-g6esbbrr	8	2	main	main	JJ
cord-285458-g6esbbrr	8	3	contribution	contribution	NN
cord-285458-g6esbbrr	8	4	of	of	IN
cord-285458-g6esbbrr	8	5	this	this	DT
cord-285458-g6esbbrr	8	6	paper	paper	NN
cord-285458-g6esbbrr	8	7	is	be	VBZ
cord-285458-g6esbbrr	8	8	to	to	TO
cord-285458-g6esbbrr	8	9	analyse	analyse	VB
cord-285458-g6esbbrr	8	10	EMU	emu	NN
cord-285458-g6esbbrr	8	11	fiscal	fiscal	JJ
cord-285458-g6esbbrr	8	12	policy	policy	NN
cord-285458-g6esbbrr	8	13	and	and	CC
cord-285458-g6esbbrr	8	14	the	the	DT
cord-285458-g6esbbrr	8	15	related	relate	VBN
cord-285458-g6esbbrr	8	16	governance	governance	NN
cord-285458-g6esbbrr	8	17	modes	mode	NNS
cord-285458-g6esbbrr	8	18	from	from	IN
cord-285458-g6esbbrr	8	19	a	a	DT
cord-285458-g6esbbrr	8	20	broader	broad	JJR
cord-285458-g6esbbrr	8	21	perspective	perspective	NN
cord-285458-g6esbbrr	8	22	.	.	.
cord-285458-g6esbbrr	9	1	Furthermore	furthermore	RB
cord-285458-g6esbbrr	9	2	,	,	,
cord-285458-g6esbbrr	9	3	the	the	DT
cord-285458-g6esbbrr	9	4	article	article	NN
cord-285458-g6esbbrr	9	5	briefly	briefly	RB
cord-285458-g6esbbrr	9	6	discusses	discuss	VBZ
cord-285458-g6esbbrr	9	7	ideas	idea	NNS
cord-285458-g6esbbrr	9	8	for	for	IN
cord-285458-g6esbbrr	9	9	a	a	DT
cord-285458-g6esbbrr	9	10	new	new	JJ
cord-285458-g6esbbrr	9	11	model	model	NN
cord-285458-g6esbbrr	9	12	of	of	IN
cord-285458-g6esbbrr	9	13	fiscal	fiscal	JJ
cord-285458-g6esbbrr	9	14	and	and	CC
cord-285458-g6esbbrr	9	15	economc	economc	JJ
cord-285458-g6esbbrr	9	16	surveillance	surveillance	NN
cord-285458-g6esbbrr	9	17	based	base	VBN
cord-285458-g6esbbrr	9	18	on	on	IN
cord-285458-g6esbbrr	9	19	a	a	DT
cord-285458-g6esbbrr	9	20	cooperative	cooperative	JJ
cord-285458-g6esbbrr	9	21	governance	governance	NN
cord-285458-g6esbbrr	9	22	system	system	NN
cord-285458-g6esbbrr	9	23	in	in	IN
cord-285458-g6esbbrr	9	24	order	order	NN
cord-285458-g6esbbrr	9	25	to	to	TO
cord-285458-g6esbbrr	9	26	better	better	RB
cord-285458-g6esbbrr	9	27	fit	fit	VB
cord-285458-g6esbbrr	9	28	with	with	IN
cord-285458-g6esbbrr	9	29	with	with	IN
cord-285458-g6esbbrr	9	30	current	current	JJ
cord-285458-g6esbbrr	9	31	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	9	32	and	and	CC
cord-285458-g6esbbrr	9	33	political	political	JJ
cord-285458-g6esbbrr	9	34	realities	reality	NNS
cord-285458-g6esbbrr	9	35	.	.	.
cord-285458-g6esbbrr	10	1	Even	even	RB
cord-285458-g6esbbrr	10	2	before	before	IN
cord-285458-g6esbbrr	10	3	the	the	DT
cord-285458-g6esbbrr	10	4	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	10	5	crisis	crisis	NN
cord-285458-g6esbbrr	10	6	,	,	,
cord-285458-g6esbbrr	10	7	which	which	WDT
cord-285458-g6esbbrr	10	8	has	have	VBZ
cord-285458-g6esbbrr	10	9	led	lead	VBN
cord-285458-g6esbbrr	10	10	to	to	IN
cord-285458-g6esbbrr	10	11	the	the	DT
cord-285458-g6esbbrr	10	12	suspension	suspension	NN
cord-285458-g6esbbrr	10	13	of	of	IN
cord-285458-g6esbbrr	10	14	the	the	DT
cord-285458-g6esbbrr	10	15	Stability	Stability	NNP
cord-285458-g6esbbrr	10	16	and	and	CC
cord-285458-g6esbbrr	10	17	Growth	Growth	NNP
cord-285458-g6esbbrr	10	18	Pact	Pact	NNP
cord-285458-g6esbbrr	10	19	(	(	-LRB-
cord-285458-g6esbbrr	10	20	SGP	SGP	NNP
cord-285458-g6esbbrr	10	21	)	)	-RRB-
cord-285458-g6esbbrr	10	22	through	through	IN
cord-285458-g6esbbrr	10	23	the	the	DT
cord-285458-g6esbbrr	10	24	activation	activation	NN
cord-285458-g6esbbrr	10	25	of	of	IN
cord-285458-g6esbbrr	10	26	the	the	DT
cord-285458-g6esbbrr	10	27	general	general	JJ
cord-285458-g6esbbrr	10	28	escape	escape	NN
cord-285458-g6esbbrr	10	29	clause	clause	NN
cord-285458-g6esbbrr	10	30	to	to	TO
cord-285458-g6esbbrr	10	31	be	be	VB
cord-285458-g6esbbrr	10	32	invoked	invoke	VBN
cord-285458-g6esbbrr	10	33	in	in	IN
cord-285458-g6esbbrr	10	34	a	a	DT
cord-285458-g6esbbrr	10	35	severe	severe	JJ
cord-285458-g6esbbrr	10	36	economic	economic	JJ
cord-285458-g6esbbrr	10	37	downturn	downturn	NN
cord-285458-g6esbbrr	10	38	,	,	,
cord-285458-g6esbbrr	10	39	there	there	EX
cord-285458-g6esbbrr	10	40	was	be	VBD
cord-285458-g6esbbrr	10	41	a	a	DT
cord-285458-g6esbbrr	10	42	widespread	widespread	JJ
cord-285458-g6esbbrr	10	43	consensus	consensus	NN
cord-285458-g6esbbrr	10	44	on	on	IN
cord-285458-g6esbbrr	10	45	the	the	DT
cord-285458-g6esbbrr	10	46	need	need	NN
cord-285458-g6esbbrr	10	47	to	to	TO
cord-285458-g6esbbrr	10	48	modify	modify	VB
cord-285458-g6esbbrr	10	49	fi	fi	NNP
cord-285458-g6esbbrr	10	50	scal	scal	NNP
cord-285458-g6esbbrr	10	51	rules	rule	NNS
cord-285458-g6esbbrr	10	52	confi	confi	NNP
cord-285458-g6esbbrr	10	53	guration	guration	NN
cord-285458-g6esbbrr	10	54	.	.	.
cord-285458-g6esbbrr	11	1	Current	current	JJ
cord-285458-g6esbbrr	11	2	rules	rule	NNS
cord-285458-g6esbbrr	11	3	are	be	VBP
cord-285458-g6esbbrr	11	4	criticised	criticise	VBN
cord-285458-g6esbbrr	11	5	for	for	IN
cord-285458-g6esbbrr	11	6	complexity	complexity	NN
cord-285458-g6esbbrr	11	7	,	,	,
cord-285458-g6esbbrr	11	8	procyclicality	procyclicality	NN
cord-285458-g6esbbrr	11	9	bias	bias	NN
cord-285458-g6esbbrr	11	10	and	and	CC
cord-285458-g6esbbrr	11	11	scarce	scarce	JJ
cord-285458-g6esbbrr	11	12	adaptability	adaptability	NN
cord-285458-g6esbbrr	11	13	to	to	IN
cord-285458-g6esbbrr	11	14	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	11	15	circumstances	circumstance	NNS
cord-285458-g6esbbrr	11	16	not	not	RB
cord-285458-g6esbbrr	11	17	driven	drive	VBN
cord-285458-g6esbbrr	11	18	by	by	IN
cord-285458-g6esbbrr	11	19	very	very	RB
cord-285458-g6esbbrr	11	20	exceptional	exceptional	JJ
cord-285458-g6esbbrr	11	21	events	event	NNS
cord-285458-g6esbbrr	11	22	.	.	.
cord-285458-g6esbbrr	12	1	This	this	DT
cord-285458-g6esbbrr	12	2	article	article	NN
cord-285458-g6esbbrr	12	3	is	be	VBZ
cord-285458-g6esbbrr	12	4	based	base	VBN
cord-285458-g6esbbrr	12	5	on	on	IN
cord-285458-g6esbbrr	12	6	Fargnoli	Fargnoli	NNP
cord-285458-g6esbbrr	12	7	(	(	-LRB-
cord-285458-g6esbbrr	12	8	2020	2020	CD
cord-285458-g6esbbrr	12	9	)	)	-RRB-
cord-285458-g6esbbrr	12	10	and	and	CC
cord-285458-g6esbbrr	12	11	discusses	discuss	VBZ
cord-285458-g6esbbrr	12	12	the	the	DT
cord-285458-g6esbbrr	12	13	reform	reform	NN
cord-285458-g6esbbrr	12	14	of	of	IN
cord-285458-g6esbbrr	12	15	fi	fi	NNP
cord-285458-g6esbbrr	12	16	scal	scal	NNP
cord-285458-g6esbbrr	12	17	rules	rule	NNS
cord-285458-g6esbbrr	12	18	across	across	IN
cord-285458-g6esbbrr	12	19	three	three	CD
cord-285458-g6esbbrr	12	20	different	different	JJ
cord-285458-g6esbbrr	12	21	dimensions	dimension	NNS
cord-285458-g6esbbrr	12	22	:	:	:
cord-285458-g6esbbrr	12	23	i	i	LS
cord-285458-g6esbbrr	12	24	)	)	-RRB-
cord-285458-g6esbbrr	12	25	the	the	DT
cord-285458-g6esbbrr	12	26	political	political	JJ
cord-285458-g6esbbrr	12	27	economy	economy	NN
cord-285458-g6esbbrr	12	28	of	of	IN
cord-285458-g6esbbrr	12	29	fi	fi	NNP
cord-285458-g6esbbrr	12	30	scal	scal	NNP
cord-285458-g6esbbrr	12	31	rules	rule	NNS
cord-285458-g6esbbrr	12	32	in	in	IN
cord-285458-g6esbbrr	12	33	the	the	DT
cord-285458-g6esbbrr	12	34	current	current	JJ
cord-285458-g6esbbrr	12	35	political	political	JJ
cord-285458-g6esbbrr	12	36	and	and	CC
cord-285458-g6esbbrr	12	37	economic	economic	JJ
cord-285458-g6esbbrr	12	38	environment	environment	NN
cord-285458-g6esbbrr	12	39	;	;	:
cord-285458-g6esbbrr	12	40	ii	ii	LS
cord-285458-g6esbbrr	12	41	)	)	-RRB-
cord-285458-g6esbbrr	12	42	the	the	DT
cord-285458-g6esbbrr	12	43	renewed	renew	VBN
cord-285458-g6esbbrr	12	44	debate	debate	NN
cord-285458-g6esbbrr	12	45	about	about	IN
cord-285458-g6esbbrr	12	46	fi	fi	NNP
cord-285458-g6esbbrr	12	47	scal	scal	NNP
cord-285458-g6esbbrr	12	48	policy	policy	NN
cord-285458-g6esbbrr	12	49	roles	role	NNS
cord-285458-g6esbbrr	12	50	and	and	CC
cord-285458-g6esbbrr	12	51	objectives	objective	NNS
cord-285458-g6esbbrr	12	52	;	;	:
cord-285458-g6esbbrr	12	53	iii	iii	LS
cord-285458-g6esbbrr	12	54	)	)	-RRB-
cord-285458-g6esbbrr	13	1	the	the	DT
cord-285458-g6esbbrr	13	2	current	current	JJ
cord-285458-g6esbbrr	13	3	incomplete	incomplete	JJ
cord-285458-g6esbbrr	13	4	nature	nature	NN
cord-285458-g6esbbrr	13	5	of	of	IN
cord-285458-g6esbbrr	13	6	the	the	DT
cord-285458-g6esbbrr	13	7	European	European	NNP
cord-285458-g6esbbrr	13	8	Monetary	Monetary	NNP
cord-285458-g6esbbrr	13	9	Union	Union	NNP
cord-285458-g6esbbrr	13	10	(	(	-LRB-
cord-285458-g6esbbrr	13	11	EMU	EMU	NNP
cord-285458-g6esbbrr	13	12	)	)	-RRB-
cord-285458-g6esbbrr	13	13	and	and	CC
cord-285458-g6esbbrr	13	14	the	the	DT
cord-285458-g6esbbrr	13	15	prospects	prospect	NNS
cord-285458-g6esbbrr	13	16	for	for	IN
cord-285458-g6esbbrr	13	17	its	-PRON-	PRP$
cord-285458-g6esbbrr	13	18	completion	completion	NN
cord-285458-g6esbbrr	13	19	.	.	.
cord-285458-g6esbbrr	14	1	The	the	DT
cord-285458-g6esbbrr	14	2	refl	refl	NNP
cord-285458-g6esbbrr	14	3	ection	ection	NN
cord-285458-g6esbbrr	14	4	over	over	IN
cord-285458-g6esbbrr	14	5	the	the	DT
cord-285458-g6esbbrr	14	6	fi	fi	NNP
cord-285458-g6esbbrr	14	7	rst	rst	NNP
cord-285458-g6esbbrr	14	8	two	two	CD
cord-285458-g6esbbrr	14	9	dimensions	dimension	NNS
cord-285458-g6esbbrr	14	10	emphasises	emphasise	VBZ
cord-285458-g6esbbrr	14	11	that	that	IN
cord-285458-g6esbbrr	14	12	fi	fi	NNP
cord-285458-g6esbbrr	14	13	scal	scal	NNP
cord-285458-g6esbbrr	14	14	policy	policy	NN
cord-285458-g6esbbrr	14	15	prescriptions	prescription	NNS
cord-285458-g6esbbrr	14	16	stemming	stem	VBG
cord-285458-g6esbbrr	14	17	from	from	IN
cord-285458-g6esbbrr	14	18	the	the	DT
cord-285458-g6esbbrr	14	19	SGP	SGP	NNP
cord-285458-g6esbbrr	14	20	framework	framework	NN
cord-285458-g6esbbrr	14	21	are	be	VBP
cord-285458-g6esbbrr	14	22	now	now	RB
cord-285458-g6esbbrr	14	23	suffering	suffer	VBG
cord-285458-g6esbbrr	14	24	from	from	IN
cord-285458-g6esbbrr	14	25	a	a	DT
cord-285458-g6esbbrr	14	26	gap	gap	NN
cord-285458-g6esbbrr	14	27	of	of	IN
cord-285458-g6esbbrr	14	28	legitimacy	legitimacy	NN
cord-285458-g6esbbrr	14	29	both	both	CC
cord-285458-g6esbbrr	14	30	in	in	IN
cord-285458-g6esbbrr	14	31	terms	term	NNS
cord-285458-g6esbbrr	14	32	of	of	IN
cord-285458-g6esbbrr	14	33	ownership	ownership	NN
cord-285458-g6esbbrr	14	34	(	(	-LRB-
cord-285458-g6esbbrr	14	35	being	be	VBG
cord-285458-g6esbbrr	14	36	capable	capable	JJ
cord-285458-g6esbbrr	14	37	of	of	IN
cord-285458-g6esbbrr	14	38	achieving	achieve	VBG
cord-285458-g6esbbrr	14	39	a	a	DT
cord-285458-g6esbbrr	14	40	synthesis	synthesis	NN
cord-285458-g6esbbrr	14	41	of	of	IN
cord-285458-g6esbbrr	14	42	bold	bold	JJ
cord-285458-g6esbbrr	14	43	and	and	CC
cord-285458-g6esbbrr	14	44	diverging	diverge	VBG
cord-285458-g6esbbrr	14	45	national	national	JJ
cord-285458-g6esbbrr	14	46	preferences	preference	NNS
cord-285458-g6esbbrr	14	47	)	)	-RRB-
cord-285458-g6esbbrr	14	48	and	and	CC
cord-285458-g6esbbrr	14	49	regarding	regard	VBG
cord-285458-g6esbbrr	14	50	their	-PRON-	PRP$
cord-285458-g6esbbrr	14	51	output	output	NN
cord-285458-g6esbbrr	14	52	(	(	-LRB-
cord-285458-g6esbbrr	14	53	capacity	capacity	NN
cord-285458-g6esbbrr	14	54	to	to	TO
cord-285458-g6esbbrr	14	55	deliver	deliver	VB
cord-285458-g6esbbrr	14	56	on	on	IN
cord-285458-g6esbbrr	14	57	multiple	multiple	JJ
cord-285458-g6esbbrr	14	58	goals	goal	NNS
cord-285458-g6esbbrr	14	59	)	)	-RRB-
cord-285458-g6esbbrr	14	60	.	.	.
cord-285458-g6esbbrr	15	1	The	the	DT
cord-285458-g6esbbrr	15	2	third	third	JJ
cord-285458-g6esbbrr	15	3	dimension	dimension	NN
cord-285458-g6esbbrr	15	4	highlights	highlight	VBZ
cord-285458-g6esbbrr	15	5	the	the	DT
cord-285458-g6esbbrr	15	6	need	need	NN
cord-285458-g6esbbrr	15	7	to	to	TO
cord-285458-g6esbbrr	15	8	rethink	rethink	VB
cord-285458-g6esbbrr	15	9	the	the	DT
cord-285458-g6esbbrr	15	10	analytical	analytical	JJ
cord-285458-g6esbbrr	15	11	relation	relation	NN
cord-285458-g6esbbrr	15	12	between	between	IN
cord-285458-g6esbbrr	15	13	the	the	DT
cord-285458-g6esbbrr	15	14	incomplete	incomplete	JJ
cord-285458-g6esbbrr	15	15	nature	nature	NN
cord-285458-g6esbbrr	15	16	of	of	IN
cord-285458-g6esbbrr	15	17	the	the	DT
cord-285458-g6esbbrr	15	18	EMU	emu	NN
cord-285458-g6esbbrr	15	19	,	,	,
cord-285458-g6esbbrr	15	20	which	which	WDT
cord-285458-g6esbbrr	15	21	is	be	VBZ
cord-285458-g6esbbrr	15	22	likely	likely	JJ
cord-285458-g6esbbrr	15	23	to	to	TO
cord-285458-g6esbbrr	15	24	persist	persist	VB
cord-285458-g6esbbrr	15	25	in	in	IN
cord-285458-g6esbbrr	15	26	the	the	DT
cord-285458-g6esbbrr	15	27	near	near	JJ
cord-285458-g6esbbrr	15	28	future	future	NN
cord-285458-g6esbbrr	15	29	,	,	,
cord-285458-g6esbbrr	15	30	and	and	CC
cord-285458-g6esbbrr	15	31	the	the	DT
cord-285458-g6esbbrr	15	32	implications	implication	NNS
cord-285458-g6esbbrr	15	33	for	for	IN
cord-285458-g6esbbrr	15	34	fi	fi	NNP
cord-285458-g6esbbrr	15	35	scal	scal	NNP
cord-285458-g6esbbrr	15	36	and	and	CC
cord-285458-g6esbbrr	15	37	economic	economic	JJ
cord-285458-g6esbbrr	15	38	policy	policy	NN
cord-285458-g6esbbrr	15	39	coordination	coordination	NN
cord-285458-g6esbbrr	15	40	,	,	,
cord-285458-g6esbbrr	15	41	in	in	IN
cord-285458-g6esbbrr	15	42	particular	particular	JJ
cord-285458-g6esbbrr	15	43	regarding	regard	VBG
cord-285458-g6esbbrr	15	44	the	the	DT
cord-285458-g6esbbrr	15	45	need	need	NN
cord-285458-g6esbbrr	15	46	to	to	TO
cord-285458-g6esbbrr	15	47	recover	recover	VB
cord-285458-g6esbbrr	15	48	from	from	IN
cord-285458-g6esbbrr	15	49	the	the	DT
cord-285458-g6esbbrr	15	50	coronavirus	coronavirus	NN
cord-285458-g6esbbrr	15	51	crisis	crisis	NN
cord-285458-g6esbbrr	15	52	and	and	CC
cord-285458-g6esbbrr	15	53	to	to	TO
cord-285458-g6esbbrr	15	54	manage	manage	VB
cord-285458-g6esbbrr	15	55	its	-PRON-	PRP$
cord-285458-g6esbbrr	15	56	long	long	JJ
cord-285458-g6esbbrr	15	57	-	-	HYPH
cord-285458-g6esbbrr	15	58	term	term	NN
cord-285458-g6esbbrr	15	59	consequences	consequence	NNS
cord-285458-g6esbbrr	15	60	.	.	.
cord-285458-g6esbbrr	16	1	The	the	DT
cord-285458-g6esbbrr	16	2	literature	literature	NN
cord-285458-g6esbbrr	16	3	on	on	IN
cord-285458-g6esbbrr	16	4	fi	fi	NNP
cord-285458-g6esbbrr	16	5	scal	scal	NNP
cord-285458-g6esbbrr	16	6	rules	rule	NNS
cord-285458-g6esbbrr	16	7	emphasises	emphasise	VBZ
cord-285458-g6esbbrr	16	8	that	that	IN
cord-285458-g6esbbrr	16	9	their	-PRON-	PRP$
cord-285458-g6esbbrr	16	10	infl	infl	NN
cord-285458-g6esbbrr	16	11	uence	uence	NN
cord-285458-g6esbbrr	16	12	on	on	IN
cord-285458-g6esbbrr	16	13	national	national	JJ
cord-285458-g6esbbrr	16	14	governments	government	NNS
cord-285458-g6esbbrr	16	15	'	'	POS
cord-285458-g6esbbrr	16	16	behaviour	behaviour	NN
cord-285458-g6esbbrr	16	17	stems	stem	VBZ
cord-285458-g6esbbrr	16	18	from	from	IN
cord-285458-g6esbbrr	16	19	(	(	-LRB-
cord-285458-g6esbbrr	16	20	formal	formal	JJ
cord-285458-g6esbbrr	16	21	enforcement	enforcement	NN
cord-285458-g6esbbrr	16	22	aside	aside	RB
cord-285458-g6esbbrr	16	23	)	)	-RRB-
cord-285458-g6esbbrr	17	1	the	the	DT
cord-285458-g6esbbrr	17	2	reputational	reputational	JJ
cord-285458-g6esbbrr	17	3	cost	cost	NN
cord-285458-g6esbbrr	17	4	suffered	suffer	VBN
cord-285458-g6esbbrr	17	5	by	by	IN
cord-285458-g6esbbrr	17	6	non	non	JJ
cord-285458-g6esbbrr	17	7	-	-	JJ
cord-285458-g6esbbrr	17	8	compliant	compliant	JJ
cord-285458-g6esbbrr	17	9	governments	government	NNS
cord-285458-g6esbbrr	17	10	.	.	.
cord-285458-g6esbbrr	18	1	This	this	DT
cord-285458-g6esbbrr	18	2	assumption	assumption	NN
cord-285458-g6esbbrr	18	3	is	be	VBZ
cord-285458-g6esbbrr	18	4	based	base	VBN
cord-285458-g6esbbrr	18	5	on	on	IN
cord-285458-g6esbbrr	18	6	the	the	DT
cord-285458-g6esbbrr	18	7	ability	ability	NN
cord-285458-g6esbbrr	18	8	of	of	IN
cord-285458-g6esbbrr	18	9	external	external	JJ
cord-285458-g6esbbrr	18	10	pressure	pressure	NN
cord-285458-g6esbbrr	18	11	groups	group	NNS
cord-285458-g6esbbrr	18	12	-i.e	-i.e	ADD
cord-285458-g6esbbrr	18	13	.	.	.
cord-285458-g6esbbrr	19	1	the	the	DT
cord-285458-g6esbbrr	19	2	public	public	NN
cord-285458-g6esbbrr	19	3	and	and	CC
cord-285458-g6esbbrr	19	4	the	the	DT
cord-285458-g6esbbrr	19	5	market	market	NN
cord-285458-g6esbbrr	19	6	-to	-to	HYPH
cord-285458-g6esbbrr	19	7	offer	offer	VBP
cord-285458-g6esbbrr	19	8	national	national	JJ
cord-285458-g6esbbrr	19	9	policymakers	policymaker	NNS
cord-285458-g6esbbrr	19	10	proper	proper	JJ
cord-285458-g6esbbrr	19	11	incentives	incentive	NNS
cord-285458-g6esbbrr	19	12	(	(	-LRB-
cord-285458-g6esbbrr	19	13	Schuknecht	Schuknecht	NNP
cord-285458-g6esbbrr	19	14	,	,	,
cord-285458-g6esbbrr	19	15	2004	2004	CD
cord-285458-g6esbbrr	19	16	)	)	-RRB-
cord-285458-g6esbbrr	19	17	.	.	.
cord-285458-g6esbbrr	20	1	In	in	IN
cord-285458-g6esbbrr	20	2	this	this	DT
cord-285458-g6esbbrr	20	3	respect	respect	NN
cord-285458-g6esbbrr	20	4	,	,	,
cord-285458-g6esbbrr	20	5	simpler	simple	JJR
cord-285458-g6esbbrr	20	6	fi	fi	XX
cord-285458-g6esbbrr	20	7	scal	scal	NNP
cord-285458-g6esbbrr	20	8	rules	rule	NNS
cord-285458-g6esbbrr	20	9	increase	increase	VBP
cord-285458-g6esbbrr	20	10	the	the	DT
cord-285458-g6esbbrr	20	11	probability	probability	NN
cord-285458-g6esbbrr	20	12	of	of	IN
cord-285458-g6esbbrr	20	13	compliance	compliance	NN
cord-285458-g6esbbrr	20	14	by	by	IN
cord-285458-g6esbbrr	20	15	facilitating	facilitate	VBG
cord-285458-g6esbbrr	20	16	their	-PRON-	PRP$
cord-285458-g6esbbrr	20	17	understanding	understanding	NN
cord-285458-g6esbbrr	20	18	and	and	CC
cord-285458-g6esbbrr	20	19	monitoring	monitoring	NN
cord-285458-g6esbbrr	20	20	.	.	.
cord-285458-g6esbbrr	21	1	However	however	RB
cord-285458-g6esbbrr	21	2	,	,	,
cord-285458-g6esbbrr	21	3	if	if	IN
cord-285458-g6esbbrr	21	4	infl	infl	NN
cord-285458-g6esbbrr	21	5	uential	uential	JJ
cord-285458-g6esbbrr	21	6	groups	group	NNS
cord-285458-g6esbbrr	21	7	fail	fail	VBP
cord-285458-g6esbbrr	21	8	to	to	TO
cord-285458-g6esbbrr	21	9	exert	exert	VB
cord-285458-g6esbbrr	21	10	genuine	genuine	JJ
cord-285458-g6esbbrr	21	11	pressure	pressure	NN
cord-285458-g6esbbrr	21	12	on	on	IN
cord-285458-g6esbbrr	21	13	national	national	JJ
cord-285458-g6esbbrr	21	14	authorities	authority	NNS
cord-285458-g6esbbrr	21	15	,	,	,
cord-285458-g6esbbrr	21	16	both	both	CC
cord-285458-g6esbbrr	21	17	simple	simple	JJ
cord-285458-g6esbbrr	21	18	and	and	CC
cord-285458-g6esbbrr	21	19	better	well	RBR
cord-285458-g6esbbrr	21	20	designed	design	VBN
cord-285458-g6esbbrr	21	21	rules	rule	NNS
cord-285458-g6esbbrr	21	22	are	be	VBP
cord-285458-g6esbbrr	21	23	just	just	RB
cord-285458-g6esbbrr	21	24	as	as	RB
cord-285458-g6esbbrr	21	25	likely	likely	JJ
cord-285458-g6esbbrr	21	26	to	to	TO
cord-285458-g6esbbrr	21	27	be	be	VB
cord-285458-g6esbbrr	21	28	neglected	neglect	VBN
cord-285458-g6esbbrr	21	29	as	as	IN
cord-285458-g6esbbrr	21	30	more	more	RBR
cord-285458-g6esbbrr	21	31	complex	complex	JJ
cord-285458-g6esbbrr	21	32	rules	rule	NNS
cord-285458-g6esbbrr	21	33	.	.	.
cord-285458-g6esbbrr	22	1	Today	today	NN
cord-285458-g6esbbrr	22	2	,	,	,
cord-285458-g6esbbrr	22	3	EU	EU	NNP
cord-285458-g6esbbrr	22	4	fi	fi	NN
cord-285458-g6esbbrr	22	5	scal	scal	NN
cord-285458-g6esbbrr	22	6	rules	rule	NNS
cord-285458-g6esbbrr	22	7	have	have	VBP
cord-285458-g6esbbrr	22	8	to	to	TO
cord-285458-g6esbbrr	22	9	cope	cope	VB
cord-285458-g6esbbrr	22	10	with	with	IN
cord-285458-g6esbbrr	22	11	increasing	increase	VBG
cord-285458-g6esbbrr	22	12	scepticism	scepticism	NN
cord-285458-g6esbbrr	22	13	about	about	IN
cord-285458-g6esbbrr	22	14	the	the	DT
cord-285458-g6esbbrr	22	15	benefi	benefi	JJ
cord-285458-g6esbbrr	22	16	ts	ts	NN
cord-285458-g6esbbrr	22	17	of	of	IN
cord-285458-g6esbbrr	22	18	strict	strict	JJ
cord-285458-g6esbbrr	22	19	fi	fi	FW
cord-285458-g6esbbrr	22	20	scal	scal	NNP
cord-285458-g6esbbrr	22	21	discipline	discipline	NN
cord-285458-g6esbbrr	22	22	as	as	IN
cord-285458-g6esbbrr	22	23	a	a	DT
cord-285458-g6esbbrr	22	24	key	key	JJ
cord-285458-g6esbbrr	22	25	principle	principle	NN
cord-285458-g6esbbrr	22	26	for	for	IN
cord-285458-g6esbbrr	22	27	sound	sound	JJ
cord-285458-g6esbbrr	22	28	policymaking	policymaking	NN
cord-285458-g6esbbrr	22	29	.	.	.
cord-285458-g6esbbrr	23	1	For	for	IN
cord-285458-g6esbbrr	23	2	instance	instance	NN
cord-285458-g6esbbrr	23	3	,	,	,
cord-285458-g6esbbrr	23	4	in	in	IN
cord-285458-g6esbbrr	23	5	some	some	DT
cord-285458-g6esbbrr	23	6	of	of	IN
cord-285458-g6esbbrr	23	7	the	the	DT
cord-285458-g6esbbrr	23	8	countries	country	NNS
cord-285458-g6esbbrr	23	9	hardest	hard	RBS
cord-285458-g6esbbrr	23	10	hit	hit	VBN
cord-285458-g6esbbrr	23	11	by	by	IN
cord-285458-g6esbbrr	23	12	the	the	DT
cord-285458-g6esbbrr	23	13	pandemic	pandemic	NN
cord-285458-g6esbbrr	23	14	,	,	,
cord-285458-g6esbbrr	23	15	people	people	NNS
cord-285458-g6esbbrr	23	16	have	have	VBP
cord-285458-g6esbbrr	23	17	been	be	VBN
cord-285458-g6esbbrr	23	18	strongly	strongly	RB
cord-285458-g6esbbrr	23	19	touched	touch	VBN
cord-285458-g6esbbrr	23	20	by	by	IN
cord-285458-g6esbbrr	23	21	the	the	DT
cord-285458-g6esbbrr	23	22	often	often	RB
cord-285458-g6esbbrr	23	23	evoked	evoke	VBN
cord-285458-g6esbbrr	23	24	argument	argument	NN
cord-285458-g6esbbrr	23	25	pointing	point	VBG
cord-285458-g6esbbrr	23	26	to	to	IN
cord-285458-g6esbbrr	23	27	the	the	DT
cord-285458-g6esbbrr	23	28	link	link	NN
cord-285458-g6esbbrr	23	29	between	between	IN
cord-285458-g6esbbrr	23	30	the	the	DT
cord-285458-g6esbbrr	23	31	overwhelmed	overwhelmed	JJ
cord-285458-g6esbbrr	23	32	health	health	NN
cord-285458-g6esbbrr	23	33	care	care	NN
cord-285458-g6esbbrr	23	34	system	system	NN
cord-285458-g6esbbrr	23	35	and	and	CC
cord-285458-g6esbbrr	23	36	previous	previous	JJ
cord-285458-g6esbbrr	23	37	years	year	NNS
cord-285458-g6esbbrr	23	38	'	'	POS
cord-285458-g6esbbrr	23	39	budgetary	budgetary	JJ
cord-285458-g6esbbrr	23	40	cuts	cut	NNS
cord-285458-g6esbbrr	23	41	.	.	.
cord-285458-g6esbbrr	24	1	In	in	IN
cord-285458-g6esbbrr	24	2	this	this	DT
cord-285458-g6esbbrr	24	3	respect	respect	NN
cord-285458-g6esbbrr	24	4	,	,	,
cord-285458-g6esbbrr	24	5	it	-PRON-	PRP
cord-285458-g6esbbrr	24	6	is	be	VBZ
cord-285458-g6esbbrr	24	7	likely	likely	JJ
cord-285458-g6esbbrr	24	8	that	that	IN
cord-285458-g6esbbrr	24	9	the	the	DT
cord-285458-g6esbbrr	24	10	unprecedented	unprecedented	JJ
cord-285458-g6esbbrr	24	11	economic	economic	JJ
cord-285458-g6esbbrr	24	12	fallout	fallout	NN
cord-285458-g6esbbrr	24	13	triggered	trigger	VBN
cord-285458-g6esbbrr	24	14	by	by	IN
cord-285458-g6esbbrr	24	15	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	24	16	,	,	,
cord-285458-g6esbbrr	24	17	coupled	couple	VBN
cord-285458-g6esbbrr	24	18	with	with	IN
cord-285458-g6esbbrr	24	19	the	the	DT
cord-285458-g6esbbrr	24	20	political	political	JJ
cord-285458-g6esbbrr	24	21	and	and	CC
cord-285458-g6esbbrr	24	22	economic	economic	JJ
cord-285458-g6esbbrr	24	23	costs	cost	NNS
cord-285458-g6esbbrr	24	24	inherited	inherit	VBN
cord-285458-g6esbbrr	24	25	from	from	IN
cord-285458-g6esbbrr	24	26	the	the	DT
cord-285458-g6esbbrr	24	27	last	last	JJ
cord-285458-g6esbbrr	24	28	fi	fi	NNP
cord-285458-g6esbbrr	24	29	nancial	nancial	NN
cord-285458-g6esbbrr	24	30	and	and	CC
cord-285458-g6esbbrr	24	31	sovereign	sovereign	JJ
cord-285458-g6esbbrr	24	32	debt	debt	NN
cord-285458-g6esbbrr	24	33	crisis	crisis	NN
cord-285458-g6esbbrr	24	34	,	,	,
cord-285458-g6esbbrr	24	35	will	will	MD
cord-285458-g6esbbrr	24	36	cement	cement	VB
cord-285458-g6esbbrr	24	37	negative	negative	JJ
cord-285458-g6esbbrr	24	38	feelings	feeling	NNS
cord-285458-g6esbbrr	24	39	towards	towards	IN
cord-285458-g6esbbrr	24	40	fi	fi	NNP
cord-285458-g6esbbrr	24	41	scal	scal	NNP
cord-285458-g6esbbrr	24	42	consolidation	consolidation	NN
cord-285458-g6esbbrr	24	43	for	for	IN
cord-285458-g6esbbrr	24	44	a	a	DT
cord-285458-g6esbbrr	24	45	long	long	JJ
cord-285458-g6esbbrr	24	46	time	time	NN
cord-285458-g6esbbrr	24	47	.	.	.
cord-285458-g6esbbrr	25	1	The	the	DT
cord-285458-g6esbbrr	25	2	Great	great	JJ
cord-285458-g6esbbrr	25	3	Recession	Recession	NNP
cord-285458-g6esbbrr	25	4	also	also	RB
cord-285458-g6esbbrr	25	5	showed	show	VBD
cord-285458-g6esbbrr	25	6	that	that	IN
cord-285458-g6esbbrr	25	7	the	the	DT
cord-285458-g6esbbrr	25	8	market	market	NN
cord-285458-g6esbbrr	25	9	's	's	POS
cord-285458-g6esbbrr	25	10	ability	ability	NN
cord-285458-g6esbbrr	25	11	to	to	TO
cord-285458-g6esbbrr	25	12	correctly	correctly	RB
cord-285458-g6esbbrr	25	13	price	price	VB
cord-285458-g6esbbrr	25	14	the	the	DT
cord-285458-g6esbbrr	25	15	risks	risk	NNS
cord-285458-g6esbbrr	25	16	related	relate	VBN
cord-285458-g6esbbrr	25	17	to	to	IN
cord-285458-g6esbbrr	25	18	national	national	JJ
cord-285458-g6esbbrr	25	19	economy	economy	NN
cord-285458-g6esbbrr	25	20	fundamentals	fundamental	NNS
cord-285458-g6esbbrr	25	21	suffers	suffer	VBZ
cord-285458-g6esbbrr	25	22	from	from	IN
cord-285458-g6esbbrr	25	23	several	several	JJ
cord-285458-g6esbbrr	25	24	fl	fl	NNP
cord-285458-g6esbbrr	25	25	aws	aws	NNP
cord-285458-g6esbbrr	25	26	.	.	.
cord-285458-g6esbbrr	26	1	To	to	IN
cord-285458-g6esbbrr	26	2	this	this	DT
cord-285458-g6esbbrr	26	3	extent	extent	NN
cord-285458-g6esbbrr	26	4	,	,	,
cord-285458-g6esbbrr	26	5	the	the	DT
cord-285458-g6esbbrr	26	6	public	public	NN
cord-285458-g6esbbrr	26	7	's	's	POS
cord-285458-g6esbbrr	26	8	confi	confi	NN
cord-285458-g6esbbrr	26	9	dence	dence	NN
cord-285458-g6esbbrr	26	10	in	in	IN
cord-285458-g6esbbrr	26	11	market	market	NN
cord-285458-g6esbbrr	26	12	assessment	assessment	NN
cord-285458-g6esbbrr	26	13	is	be	VBZ
cord-285458-g6esbbrr	26	14	also	also	RB
cord-285458-g6esbbrr	26	15	eroding	erode	VBG
cord-285458-g6esbbrr	26	16	.	.	.
cord-285458-g6esbbrr	27	1	Thus	thus	RB
cord-285458-g6esbbrr	27	2	,	,	,
cord-285458-g6esbbrr	27	3	sudden	sudden	JJ
cord-285458-g6esbbrr	27	4	increases	increase	NNS
cord-285458-g6esbbrr	27	5	in	in	IN
cord-285458-g6esbbrr	27	6	sovereign	sovereign	JJ
cord-285458-g6esbbrr	27	7	spreads	spread	NNS
cord-285458-g6esbbrr	27	8	,	,	,
cord-285458-g6esbbrr	27	9	among	among	IN
cord-285458-g6esbbrr	27	10	other	other	JJ
cord-285458-g6esbbrr	27	11	effects	effect	NNS
cord-285458-g6esbbrr	27	12	,	,	,
cord-285458-g6esbbrr	27	13	are	be	VBP
cord-285458-g6esbbrr	27	14	also	also	RB
cord-285458-g6esbbrr	27	15	likely	likely	JJ
cord-285458-g6esbbrr	27	16	to	to	TO
cord-285458-g6esbbrr	27	17	cause	cause	VB
cord-285458-g6esbbrr	27	18	frustration	frustration	NN
cord-285458-g6esbbrr	27	19	in	in	IN
cord-285458-g6esbbrr	27	20	relation	relation	NN
cord-285458-g6esbbrr	27	21	to	to	IN
cord-285458-g6esbbrr	27	22	the	the	DT
cord-285458-g6esbbrr	27	23	Fiscal	Fiscal	NNP
cord-285458-g6esbbrr	27	24	Policy	Policy	NNP
cord-285458-g6esbbrr	27	25	rising	rise	VBG
cord-285458-g6esbbrr	27	26	demand	demand	NN
cord-285458-g6esbbrr	27	27	for	for	IN
cord-285458-g6esbbrr	27	28	balancing	balance	VBG
cord-285458-g6esbbrr	27	29	fi	fi	NNP
cord-285458-g6esbbrr	27	30	scal	scal	NNP
cord-285458-g6esbbrr	27	31	discipline	discipline	NN
cord-285458-g6esbbrr	27	32	with	with	IN
cord-285458-g6esbbrr	27	33	other	other	JJ
cord-285458-g6esbbrr	27	34	policy	policy	NN
cord-285458-g6esbbrr	27	35	goals	goal	NNS
cord-285458-g6esbbrr	27	36	,	,	,
cord-285458-g6esbbrr	27	37	in	in	IN
cord-285458-g6esbbrr	27	38	particular	particular	JJ
cord-285458-g6esbbrr	27	39	supporting	support	VBG
cord-285458-g6esbbrr	27	40	growth	growth	NN
cord-285458-g6esbbrr	27	41	and	and	CC
cord-285458-g6esbbrr	27	42	economic	economic	JJ
cord-285458-g6esbbrr	27	43	recovery	recovery	NN
cord-285458-g6esbbrr	27	44	,	,	,
cord-285458-g6esbbrr	27	45	increasing	increase	VBG
cord-285458-g6esbbrr	27	46	public	public	JJ
cord-285458-g6esbbrr	27	47	investment	investment	NN
cord-285458-g6esbbrr	27	48	and	and	CC
cord-285458-g6esbbrr	27	49	reducing	reduce	VBG
cord-285458-g6esbbrr	27	50	unemployment	unemployment	NN
cord-285458-g6esbbrr	27	51	and	and	CC
cord-285458-g6esbbrr	27	52	inequalities	inequality	NNS
cord-285458-g6esbbrr	27	53	.	.	.
cord-285458-g6esbbrr	28	1	In	in	IN
cord-285458-g6esbbrr	28	2	high	high	JJ
cord-285458-g6esbbrr	28	3	-	-	HYPH
cord-285458-g6esbbrr	28	4	debt	debt	NN
cord-285458-g6esbbrr	28	5	countries	country	NNS
cord-285458-g6esbbrr	28	6	,	,	,
cord-285458-g6esbbrr	28	7	because	because	IN
cord-285458-g6esbbrr	28	8	of	of	IN
cord-285458-g6esbbrr	28	9	subdued	subdue	VBN
cord-285458-g6esbbrr	28	10	growth	growth	NN
cord-285458-g6esbbrr	28	11	and	and	CC
cord-285458-g6esbbrr	28	12	infl	infl	NN
cord-285458-g6esbbrr	28	13	ation	ation	NN
cord-285458-g6esbbrr	28	14	,	,	,
cord-285458-g6esbbrr	28	15	the	the	DT
cord-285458-g6esbbrr	28	16	permanent	permanent	JJ
cord-285458-g6esbbrr	28	17	increase	increase	NN
cord-285458-g6esbbrr	28	18	in	in	IN
cord-285458-g6esbbrr	28	19	the	the	DT
cord-285458-g6esbbrr	28	20	primary	primary	JJ
cord-285458-g6esbbrr	28	21	surplus	surplus	NN
cord-285458-g6esbbrr	28	22	needed	need	VBD
cord-285458-g6esbbrr	28	23	to	to	TO
cord-285458-g6esbbrr	28	24	put	put	VB
cord-285458-g6esbbrr	28	25	the	the	DT
cord-285458-g6esbbrr	28	26	evolution	evolution	NN
cord-285458-g6esbbrr	28	27	of	of	IN
cord-285458-g6esbbrr	28	28	the	the	DT
cord-285458-g6esbbrr	28	29	debt	debt	NN
cord-285458-g6esbbrr	28	30	-	-	HYPH
cord-285458-g6esbbrr	28	31	to	to	IN
cord-285458-g6esbbrr	28	32	-	-	HYPH
cord-285458-g6esbbrr	28	33	GDP	gdp	NN
cord-285458-g6esbbrr	28	34	ratio	ratio	NN
cord-285458-g6esbbrr	28	35	on	on	IN
cord-285458-g6esbbrr	28	36	a	a	DT
cord-285458-g6esbbrr	28	37	convergence	convergence	NN
cord-285458-g6esbbrr	28	38	path	path	NN
cord-285458-g6esbbrr	28	39	towards	towards	IN
cord-285458-g6esbbrr	28	40	the	the	DT
cord-285458-g6esbbrr	28	41	60	60	CD
cord-285458-g6esbbrr	28	42	%	%	NN
cord-285458-g6esbbrr	28	43	SGP	SGP	NNP
cord-285458-g6esbbrr	28	44	target	target	NN
cord-285458-g6esbbrr	28	45	,	,	,
cord-285458-g6esbbrr	28	46	ranged	range	VBD
cord-285458-g6esbbrr	28	47	,	,	,
cord-285458-g6esbbrr	28	48	before	before	IN
cord-285458-g6esbbrr	28	49	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	28	50	,	,	,
cord-285458-g6esbbrr	28	51	from	from	IN
cord-285458-g6esbbrr	28	52	1	1	CD
cord-285458-g6esbbrr	28	53	%	%	NN
cord-285458-g6esbbrr	28	54	of	of	IN
cord-285458-g6esbbrr	28	55	GDP	GDP	NNP
cord-285458-g6esbbrr	28	56	in	in	IN
cord-285458-g6esbbrr	28	57	Belgium	Belgium	NNP
cord-285458-g6esbbrr	28	58	and	and	CC
cord-285458-g6esbbrr	28	59	Portugal	Portugal	NNP
cord-285458-g6esbbrr	28	60	to	to	IN
cord-285458-g6esbbrr	28	61	2	2	CD
cord-285458-g6esbbrr	28	62	-	-	SYM
cord-285458-g6esbbrr	28	63	3	3	CD
cord-285458-g6esbbrr	28	64	%	%	NN
cord-285458-g6esbbrr	28	65	of	of	IN
cord-285458-g6esbbrr	28	66	GDP	GDP	NNP
cord-285458-g6esbbrr	28	67	in	in	IN
cord-285458-g6esbbrr	28	68	Italy	Italy	NNP
cord-285458-g6esbbrr	28	69	,	,	,
cord-285458-g6esbbrr	28	70	Spain	Spain	NNP
cord-285458-g6esbbrr	28	71	and	and	CC
cord-285458-g6esbbrr	28	72	France	France	NNP
cord-285458-g6esbbrr	28	73	.	.	.
cord-285458-g6esbbrr	29	1	While	while	IN
cord-285458-g6esbbrr	29	2	the	the	DT
cord-285458-g6esbbrr	29	3	huge	huge	JJ
cord-285458-g6esbbrr	29	4	stress	stress	NN
cord-285458-g6esbbrr	29	5	to	to	IN
cord-285458-g6esbbrr	29	6	which	which	WDT
cord-285458-g6esbbrr	29	7	public	public	JJ
cord-285458-g6esbbrr	29	8	fi	fi	NN
cord-285458-g6esbbrr	29	9	nances	nance	NNS
cord-285458-g6esbbrr	29	10	are	be	VBP
cord-285458-g6esbbrr	29	11	currently	currently	RB
cord-285458-g6esbbrr	29	12	subject	subject	JJ
cord-285458-g6esbbrr	29	13	will	will	MD
cord-285458-g6esbbrr	29	14	increase	increase	VB
cord-285458-g6esbbrr	29	15	these	these	DT
cord-285458-g6esbbrr	29	16	requirements	requirement	NNS
cord-285458-g6esbbrr	29	17	,	,	,
cord-285458-g6esbbrr	29	18	greater	great	JJR
cord-285458-g6esbbrr	29	19	fi	fi	NNP
cord-285458-g6esbbrr	29	20	scal	scal	NNP
cord-285458-g6esbbrr	29	21	corrections	correction	NNS
cord-285458-g6esbbrr	29	22	risk	risk	NN
cord-285458-g6esbbrr	29	23	being	be	VBG
cord-285458-g6esbbrr	29	24	politically	politically	RB
cord-285458-g6esbbrr	29	25	unattainable	unattainable	JJ
cord-285458-g6esbbrr	29	26	in	in	IN
cord-285458-g6esbbrr	29	27	the	the	DT
cord-285458-g6esbbrr	29	28	future	future	NN
cord-285458-g6esbbrr	29	29	.	.	.
cord-285458-g6esbbrr	30	1	Indeed	indeed	RB
cord-285458-g6esbbrr	30	2	,	,	,
cord-285458-g6esbbrr	30	3	the	the	DT
cord-285458-g6esbbrr	30	4	social	social	JJ
cord-285458-g6esbbrr	30	5	and	and	CC
cord-285458-g6esbbrr	30	6	political	political	JJ
cord-285458-g6esbbrr	30	7	backlash	backlash	NN
cord-285458-g6esbbrr	30	8	,	,	,
cord-285458-g6esbbrr	30	9	partly	partly	RB
cord-285458-g6esbbrr	30	10	triggered	trigger	VBN
cord-285458-g6esbbrr	30	11	by	by	IN
cord-285458-g6esbbrr	30	12	the	the	DT
cord-285458-g6esbbrr	30	13	Great	great	JJ
cord-285458-g6esbbrr	30	14	Recession	recession	NN
cord-285458-g6esbbrr	30	15	and	and	CC
cord-285458-g6esbbrr	30	16	its	-PRON-	PRP$
cord-285458-g6esbbrr	30	17	policy	policy	NN
cord-285458-g6esbbrr	30	18	response	response	NN
cord-285458-g6esbbrr	30	19	,	,	,
cord-285458-g6esbbrr	30	20	coupled	couple	VBN
cord-285458-g6esbbrr	30	21	with	with	IN
cord-285458-g6esbbrr	30	22	more	more	JJR
cord-285458-g6esbbrr	30	23	recent	recent	JJ
cord-285458-g6esbbrr	30	24	protests	protest	NNS
cord-285458-g6esbbrr	30	25	related	relate	VBN
cord-285458-g6esbbrr	30	26	to	to	IN
cord-285458-g6esbbrr	30	27	relatively	relatively	RB
cord-285458-g6esbbrr	30	28	modest	modest	JJ
cord-285458-g6esbbrr	30	29	tax	tax	NN
cord-285458-g6esbbrr	30	30	hikes	hike	NNS
cord-285458-g6esbbrr	30	31	,	,	,
cord-285458-g6esbbrr	30	32	e.g.	e.g.	RB
cord-285458-g6esbbrr	30	33	by	by	IN
cord-285458-g6esbbrr	30	34	the	the	DT
cord-285458-g6esbbrr	30	35	gilets	gilets	NNP
cord-285458-g6esbbrr	30	36	jaunes	jaunes	NNP
cord-285458-g6esbbrr	30	37	movement	movement	NN
cord-285458-g6esbbrr	30	38	in	in	IN
cord-285458-g6esbbrr	30	39	France	France	NNP
cord-285458-g6esbbrr	30	40	,	,	,
cord-285458-g6esbbrr	30	41	suggest	suggest	VBP
cord-285458-g6esbbrr	30	42	that	that	IN
cord-285458-g6esbbrr	30	43	in	in	IN
cord-285458-g6esbbrr	30	44	a	a	DT
cord-285458-g6esbbrr	30	45	number	number	NN
cord-285458-g6esbbrr	30	46	of	of	IN
cord-285458-g6esbbrr	30	47	countries	country	NNS
cord-285458-g6esbbrr	30	48	,	,	,
cord-285458-g6esbbrr	30	49	the	the	DT
cord-285458-g6esbbrr	30	50	political	political	JJ
cord-285458-g6esbbrr	30	51	limits	limit	NNS
cord-285458-g6esbbrr	30	52	for	for	IN
cord-285458-g6esbbrr	30	53	fi	fi	NNP
cord-285458-g6esbbrr	30	54	scal	scal	NNP
cord-285458-g6esbbrr	30	55	consolidation	consolidation	NN
cord-285458-g6esbbrr	30	56	have	have	VBP
cord-285458-g6esbbrr	30	57	already	already	RB
cord-285458-g6esbbrr	30	58	been	be	VBN
cord-285458-g6esbbrr	30	59	reached	reach	VBN
cord-285458-g6esbbrr	30	60	.	.	.
cord-285458-g6esbbrr	31	1	The	the	DT
cord-285458-g6esbbrr	31	2	so	so	RB
cord-285458-g6esbbrr	31	3	-	-	HYPH
cord-285458-g6esbbrr	31	4	called	call	VBN
cord-285458-g6esbbrr	31	5	period	period	NN
cord-285458-g6esbbrr	31	6	of	of	IN
cord-285458-g6esbbrr	31	7	great	great	JJ
cord-285458-g6esbbrr	31	8	moderation	moderation	NN
cord-285458-g6esbbrr	31	9	,	,	,
cord-285458-g6esbbrr	31	10	characterised	characterise	VBN
cord-285458-g6esbbrr	31	11	by	by	IN
cord-285458-g6esbbrr	31	12	infl	infl	NN
cord-285458-g6esbbrr	31	13	ation	ation	NN
cord-285458-g6esbbrr	31	14	under	under	IN
cord-285458-g6esbbrr	31	15	control	control	NN
cord-285458-g6esbbrr	31	16	,	,	,
cord-285458-g6esbbrr	31	17	decreasing	decrease	VBG
cord-285458-g6esbbrr	31	18	unemployment	unemployment	NN
cord-285458-g6esbbrr	31	19	and	and	CC
cord-285458-g6esbbrr	31	20	lower	low	JJR
cord-285458-g6esbbrr	31	21	output	output	NN
cord-285458-g6esbbrr	31	22	volatility	volatility	NN
cord-285458-g6esbbrr	31	23	,	,	,
cord-285458-g6esbbrr	31	24	cemented	cement	VBD
cord-285458-g6esbbrr	31	25	a	a	DT
cord-285458-g6esbbrr	31	26	widely	widely	RB
cord-285458-g6esbbrr	31	27	accepted	accept	VBN
cord-285458-g6esbbrr	31	28	consensus	consensus	NN
cord-285458-g6esbbrr	31	29	over	over	IN
cord-285458-g6esbbrr	31	30	fi	fi	NNP
cord-285458-g6esbbrr	31	31	scal	scal	NNP
cord-285458-g6esbbrr	31	32	policy	policy	NN
cord-285458-g6esbbrr	31	33	functions	function	NNS
cord-285458-g6esbbrr	31	34	.	.	.
cord-285458-g6esbbrr	32	1	Most	Most	JJS
cord-285458-g6esbbrr	32	2	economists	economist	NNS
cord-285458-g6esbbrr	32	3	used	use	VBD
cord-285458-g6esbbrr	32	4	to	to	TO
cord-285458-g6esbbrr	32	5	agree	agree	VB
cord-285458-g6esbbrr	32	6	that	that	IN
cord-285458-g6esbbrr	32	7	fi	fi	NNP
cord-285458-g6esbbrr	32	8	scal	scal	NNP
cord-285458-g6esbbrr	32	9	policy	policy	NN
cord-285458-g6esbbrr	32	10	should	should	MD
cord-285458-g6esbbrr	32	11	focus	focus	VB
cord-285458-g6esbbrr	32	12	mainly	mainly	RB
cord-285458-g6esbbrr	32	13	on	on	IN
cord-285458-g6esbbrr	32	14	the	the	DT
cord-285458-g6esbbrr	32	15	long	long	JJ
cord-285458-g6esbbrr	32	16	-	-	HYPH
cord-285458-g6esbbrr	32	17	term	term	NN
cord-285458-g6esbbrr	32	18	sustainability	sustainability	NN
cord-285458-g6esbbrr	32	19	of	of	IN
cord-285458-g6esbbrr	32	20	public	public	JJ
cord-285458-g6esbbrr	32	21	fi	fi	NN
cord-285458-g6esbbrr	32	22	nances	nance	NNS
cord-285458-g6esbbrr	32	23	,	,	,
cord-285458-g6esbbrr	32	24	while	while	IN
cord-285458-g6esbbrr	32	25	leaving	leave	VBG
cord-285458-g6esbbrr	32	26	stabilisation	stabilisation	NN
cord-285458-g6esbbrr	32	27	goals	goal	NNS
cord-285458-g6esbbrr	32	28	to	to	IN
cord-285458-g6esbbrr	32	29	the	the	DT
cord-285458-g6esbbrr	32	30	mere	mere	JJ
cord-285458-g6esbbrr	32	31	functioning	functioning	NN
cord-285458-g6esbbrr	32	32	of	of	IN
cord-285458-g6esbbrr	32	33	automatic	automatic	JJ
cord-285458-g6esbbrr	32	34	stabilisers	stabiliser	NNS
cord-285458-g6esbbrr	32	35	.	.	.
cord-285458-g6esbbrr	33	1	This	this	DT
cord-285458-g6esbbrr	33	2	consensus	consensus	NN
cord-285458-g6esbbrr	33	3	was	be	VBD
cord-285458-g6esbbrr	33	4	the	the	DT
cord-285458-g6esbbrr	33	5	basis	basis	NN
cord-285458-g6esbbrr	33	6	for	for	IN
cord-285458-g6esbbrr	33	7	the	the	DT
cord-285458-g6esbbrr	33	8	design	design	NN
cord-285458-g6esbbrr	33	9	of	of	IN
cord-285458-g6esbbrr	33	10	the	the	DT
cord-285458-g6esbbrr	33	11	SGP	SGP	NNP
cord-285458-g6esbbrr	33	12	.	.	.
cord-285458-g6esbbrr	34	1	The	the	DT
cord-285458-g6esbbrr	34	2	limits	limit	NNS
cord-285458-g6esbbrr	34	3	of	of	IN
cord-285458-g6esbbrr	34	4	monetary	monetary	JJ
cord-285458-g6esbbrr	34	5	policy	policy	NN
cord-285458-g6esbbrr	34	6	effectiveness	effectiveness	NN
cord-285458-g6esbbrr	34	7	in	in	IN
cord-285458-g6esbbrr	34	8	an	an	DT
cord-285458-g6esbbrr	34	9	environment	environment	NN
cord-285458-g6esbbrr	34	10	characterised	characterise	VBN
cord-285458-g6esbbrr	34	11	by	by	IN
cord-285458-g6esbbrr	34	12	interest	interest	NN
cord-285458-g6esbbrr	34	13	rates	rate	NNS
cord-285458-g6esbbrr	34	14	at	at	IN
cord-285458-g6esbbrr	34	15	the	the	DT
cord-285458-g6esbbrr	34	16	zero	zero	CD
cord-285458-g6esbbrr	34	17	lower	lower	RBR
cord-285458-g6esbbrr	34	18	bound	bind	VBN
cord-285458-g6esbbrr	34	19	hit	hit	VBD
cord-285458-g6esbbrr	34	20	this	this	DT
cord-285458-g6esbbrr	34	21	conventional	conventional	JJ
cord-285458-g6esbbrr	34	22	wisdom	wisdom	NN
cord-285458-g6esbbrr	34	23	.	.	.
cord-285458-g6esbbrr	35	1	A	a	DT
cord-285458-g6esbbrr	35	2	general	general	JJ
cord-285458-g6esbbrr	35	3	shift	shift	NN
cord-285458-g6esbbrr	35	4	in	in	IN
cord-285458-g6esbbrr	35	5	thinking	thinking	NN
cord-285458-g6esbbrr	35	6	advocates	advocate	VBZ
cord-285458-g6esbbrr	35	7	a	a	DT
cord-285458-g6esbbrr	35	8	more	more	RBR
cord-285458-g6esbbrr	35	9	active	active	JJ
cord-285458-g6esbbrr	35	10	role	role	NN
cord-285458-g6esbbrr	35	11	for	for	IN
cord-285458-g6esbbrr	35	12	discretionary	discretionary	JJ
cord-285458-g6esbbrr	35	13	fi	fi	NNP
cord-285458-g6esbbrr	35	14	scal	scal	NNP
cord-285458-g6esbbrr	35	15	policy	policy	NN
cord-285458-g6esbbrr	35	16	for	for	IN
cord-285458-g6esbbrr	35	17	different	different	JJ
cord-285458-g6esbbrr	35	18	purposes	purpose	NNS
cord-285458-g6esbbrr	35	19	such	such	JJ
cord-285458-g6esbbrr	35	20	as	as	IN
cord-285458-g6esbbrr	35	21	:	:	:
cord-285458-g6esbbrr	35	22	i	i	PRP
cord-285458-g6esbbrr	35	23	)	)	-RRB-
cord-285458-g6esbbrr	35	24	to	to	TO
cord-285458-g6esbbrr	35	25	cope	cope	VB
cord-285458-g6esbbrr	35	26	with	with	IN
cord-285458-g6esbbrr	35	27	present	present	JJ
cord-285458-g6esbbrr	35	28	and	and	CC
cord-285458-g6esbbrr	35	29	future	future	JJ
cord-285458-g6esbbrr	35	30	stabilisation	stabilisation	NN
cord-285458-g6esbbrr	35	31	needs	need	NNS
cord-285458-g6esbbrr	35	32	,	,	,
cord-285458-g6esbbrr	35	33	especially	especially	RB
cord-285458-g6esbbrr	35	34	in	in	IN
cord-285458-g6esbbrr	35	35	the	the	DT
cord-285458-g6esbbrr	35	36	presence	presence	NN
cord-285458-g6esbbrr	35	37	of	of	IN
cord-285458-g6esbbrr	35	38	hysteresis	hysteresis	NN
cord-285458-g6esbbrr	35	39	implying	imply	VBG
cord-285458-g6esbbrr	35	40	lasting	last	VBG
cord-285458-g6esbbrr	35	41	lower	low	JJR
cord-285458-g6esbbrr	35	42	output	output	NN
cord-285458-g6esbbrr	35	43	levels	level	NNS
cord-285458-g6esbbrr	35	44	(	(	-LRB-
cord-285458-g6esbbrr	35	45	Draghi	Draghi	NNP
cord-285458-g6esbbrr	35	46	,	,	,
cord-285458-g6esbbrr	35	47	2019	2019	CD
cord-285458-g6esbbrr	35	48	)	)	-RRB-
cord-285458-g6esbbrr	36	1	;	;	:
cord-285458-g6esbbrr	36	2	ii	ii	LS
cord-285458-g6esbbrr	36	3	)	)	-RRB-
cord-285458-g6esbbrr	36	4	to	to	TO
cord-285458-g6esbbrr	36	5	address	address	VB
cord-285458-g6esbbrr	36	6	defl	defl	NNP
cord-285458-g6esbbrr	36	7	ationary	ationary	JJ
cord-285458-g6esbbrr	36	8	tendencies	tendency	NNS
cord-285458-g6esbbrr	36	9	and	and	CC
cord-285458-g6esbbrr	36	10	the	the	DT
cord-285458-g6esbbrr	36	11	persistent	persistent	JJ
cord-285458-g6esbbrr	36	12	gap	gap	NN
cord-285458-g6esbbrr	36	13	in	in	IN
cord-285458-g6esbbrr	36	14	aggregate	aggregate	JJ
cord-285458-g6esbbrr	36	15	demand	demand	NN
cord-285458-g6esbbrr	36	16	(	(	-LRB-
cord-285458-g6esbbrr	36	17	Rachel	Rachel	NNP
cord-285458-g6esbbrr	36	18	and	and	CC
cord-285458-g6esbbrr	36	19	Summers	Summers	NNPS
cord-285458-g6esbbrr	36	20	,	,	,
cord-285458-g6esbbrr	36	21	2019	2019	CD
cord-285458-g6esbbrr	36	22	)	)	-RRB-
cord-285458-g6esbbrr	36	23	;	;	:
cord-285458-g6esbbrr	36	24	iii	iii	LS
cord-285458-g6esbbrr	36	25	)	)	-RRB-
cord-285458-g6esbbrr	36	26	to	to	TO
cord-285458-g6esbbrr	36	27	stimulate	stimulate	VB
cord-285458-g6esbbrr	36	28	long	long	JJ
cord-285458-g6esbbrr	36	29	-	-	HYPH
cord-285458-g6esbbrr	36	30	term	term	NN
cord-285458-g6esbbrr	36	31	output	output	NN
cord-285458-g6esbbrr	36	32	through	through	IN
cord-285458-g6esbbrr	36	33	growth	growth	NN
cord-285458-g6esbbrr	36	34	-	-	HYPH
cord-285458-g6esbbrr	36	35	enhancing	enhance	VBG
cord-285458-g6esbbrr	36	36	expenditure	expenditure	NN
cord-285458-g6esbbrr	36	37	(	(	-LRB-
cord-285458-g6esbbrr	36	38	Deleidi	Deleidi	NNP
cord-285458-g6esbbrr	36	39	and	and	CC
cord-285458-g6esbbrr	36	40	Mazzucato	Mazzucato	NNP
cord-285458-g6esbbrr	36	41	,	,	,
cord-285458-g6esbbrr	36	42	2019	2019	CD
cord-285458-g6esbbrr	36	43	)	)	-RRB-
cord-285458-g6esbbrr	36	44	.	.	.
cord-285458-g6esbbrr	37	1	If	if	IN
cord-285458-g6esbbrr	37	2	the	the	DT
cord-285458-g6esbbrr	37	3	persistent	persistent	JJ
cord-285458-g6esbbrr	37	4	'	'	''
cord-285458-g6esbbrr	37	5	liquidity	liquidity	NN
cord-285458-g6esbbrr	37	6	trap	trap	NN
cord-285458-g6esbbrr	37	7	'	'	''
cord-285458-g6esbbrr	37	8	started	start	VBD
cord-285458-g6esbbrr	37	9	to	to	TO
cord-285458-g6esbbrr	37	10	erode	erode	VB
cord-285458-g6esbbrr	37	11	the	the	DT
cord-285458-g6esbbrr	37	12	old	old	JJ
cord-285458-g6esbbrr	37	13	consensus	consensus	NN
cord-285458-g6esbbrr	37	14	,	,	,
cord-285458-g6esbbrr	37	15	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	37	16	is	be	VBZ
cord-285458-g6esbbrr	37	17	fully	fully	RB
cord-285458-g6esbbrr	37	18	abating	abate	VBG
cord-285458-g6esbbrr	37	19	it	-PRON-	PRP
cord-285458-g6esbbrr	37	20	,	,	,
cord-285458-g6esbbrr	37	21	leading	lead	VBG
cord-285458-g6esbbrr	37	22	to	to	IN
cord-285458-g6esbbrr	37	23	a	a	DT
cord-285458-g6esbbrr	37	24	profound	profound	JJ
cord-285458-g6esbbrr	37	25	revolution	revolution	NN
cord-285458-g6esbbrr	37	26	with	with	IN
cord-285458-g6esbbrr	37	27	regard	regard	NN
cord-285458-g6esbbrr	37	28	to	to	IN
cord-285458-g6esbbrr	37	29	the	the	DT
cord-285458-g6esbbrr	37	30	set	set	NN
cord-285458-g6esbbrr	37	31	of	of	IN
cord-285458-g6esbbrr	37	32	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	37	33	tools	tool	NNS
cord-285458-g6esbbrr	37	34	to	to	TO
cord-285458-g6esbbrr	37	35	be	be	VB
cord-285458-g6esbbrr	37	36	used	use	VBN
cord-285458-g6esbbrr	37	37	in	in	IN
cord-285458-g6esbbrr	37	38	this	this	DT
cord-285458-g6esbbrr	37	39	new	new	JJ
cord-285458-g6esbbrr	37	40	environment	environment	NN
cord-285458-g6esbbrr	37	41	.	.	.
cord-285458-g6esbbrr	38	1	First	first	RB
cord-285458-g6esbbrr	38	2	of	of	IN
cord-285458-g6esbbrr	38	3	all	all	DT
cord-285458-g6esbbrr	38	4	,	,	,
cord-285458-g6esbbrr	38	5	there	there	EX
cord-285458-g6esbbrr	38	6	is	be	VBZ
cord-285458-g6esbbrr	38	7	an	an	DT
cord-285458-g6esbbrr	38	8	almost	almost	RB
cord-285458-g6esbbrr	38	9	unanimous	unanimous	JJ
cord-285458-g6esbbrr	38	10	agreement	agreement	NN
cord-285458-g6esbbrr	38	11	on	on	IN
cord-285458-g6esbbrr	38	12	the	the	DT
cord-285458-g6esbbrr	38	13	fact	fact	NN
cord-285458-g6esbbrr	38	14	that	that	IN
cord-285458-g6esbbrr	38	15	massive	massive	JJ
cord-285458-g6esbbrr	38	16	public	public	JJ
cord-285458-g6esbbrr	38	17	intervention	intervention	NN
cord-285458-g6esbbrr	38	18	is	be	VBZ
cord-285458-g6esbbrr	38	19	needed	need	VBN
cord-285458-g6esbbrr	38	20	to	to	TO
cord-285458-g6esbbrr	38	21	cope	cope	VB
cord-285458-g6esbbrr	38	22	with	with	IN
cord-285458-g6esbbrr	38	23	the	the	DT
cord-285458-g6esbbrr	38	24	mix	mix	NN
cord-285458-g6esbbrr	38	25	of	of	IN
cord-285458-g6esbbrr	38	26	strong	strong	JJ
cord-285458-g6esbbrr	38	27	supply	supply	NN
cord-285458-g6esbbrr	38	28	and	and	CC
cord-285458-g6esbbrr	38	29	demand	demand	NN
cord-285458-g6esbbrr	38	30	shocks	shock	NNS
cord-285458-g6esbbrr	38	31	caused	cause	VBN
cord-285458-g6esbbrr	38	32	by	by	IN
cord-285458-g6esbbrr	38	33	the	the	DT
cord-285458-g6esbbrr	38	34	pandemic	pandemic	NN
cord-285458-g6esbbrr	38	35	in	in	IN
cord-285458-g6esbbrr	38	36	order	order	NN
cord-285458-g6esbbrr	38	37	to	to	TO
cord-285458-g6esbbrr	38	38	keep	keep	VB
cord-285458-g6esbbrr	38	39	the	the	DT
cord-285458-g6esbbrr	38	40	economy	economy	NN
cord-285458-g6esbbrr	38	41	afl	afl	NNP
cord-285458-g6esbbrr	38	42	oat	oat	NN
cord-285458-g6esbbrr	38	43	.	.	.
cord-285458-g6esbbrr	39	1	Income	income	NN
cord-285458-g6esbbrr	39	2	support	support	NN
cord-285458-g6esbbrr	39	3	for	for	IN
cord-285458-g6esbbrr	39	4	households	household	NNS
cord-285458-g6esbbrr	39	5	,	,	,
cord-285458-g6esbbrr	39	6	extended	extend	VBN
cord-285458-g6esbbrr	39	7	unemployment	unemployment	NN
cord-285458-g6esbbrr	39	8	benefi	benefi	NN
cord-285458-g6esbbrr	39	9	ts	ts	NN
cord-285458-g6esbbrr	39	10	,	,	,
cord-285458-g6esbbrr	39	11	tax	tax	NN
cord-285458-g6esbbrr	39	12	reliefs	relief	NNS
cord-285458-g6esbbrr	39	13	,	,	,
cord-285458-g6esbbrr	39	14	government	government	NN
cord-285458-g6esbbrr	39	15	capital	capital	NN
cord-285458-g6esbbrr	39	16	injections	injection	NNS
cord-285458-g6esbbrr	39	17	and	and	CC
cord-285458-g6esbbrr	39	18	guarantees	guarantee	NNS
cord-285458-g6esbbrr	39	19	for	for	IN
cord-285458-g6esbbrr	39	20	fi	fi	NNP
cord-285458-g6esbbrr	39	21	rms	rms	NNP
cord-285458-g6esbbrr	39	22	besides	besides	IN
cord-285458-g6esbbrr	39	23	health	health	NN
cord-285458-g6esbbrr	39	24	-	-	HYPH
cord-285458-g6esbbrr	39	25	related	relate	VBN
cord-285458-g6esbbrr	39	26	costs	cost	NNS
cord-285458-g6esbbrr	39	27	to	to	TO
cord-285458-g6esbbrr	39	28	contain	contain	VB
cord-285458-g6esbbrr	39	29	the	the	DT
cord-285458-g6esbbrr	39	30	pandemic	pandemic	NN
cord-285458-g6esbbrr	39	31	will	will	MD
cord-285458-g6esbbrr	39	32	lead	lead	VB
cord-285458-g6esbbrr	39	33	to	to	IN
cord-285458-g6esbbrr	39	34	skyrocketing	skyrocket	VBG
cord-285458-g6esbbrr	39	35	budget	budget	NN
cord-285458-g6esbbrr	39	36	defi	defi	NNP
cord-285458-g6esbbrr	39	37	cits	cits	NNP
cord-285458-g6esbbrr	39	38	.	.	.
cord-285458-g6esbbrr	40	1	The	the	DT
cord-285458-g6esbbrr	40	2	diffi	diffi	JJ
cord-285458-g6esbbrr	40	3	cult	cult	NN
cord-285458-g6esbbrr	40	4	challenge	challenge	NN
cord-285458-g6esbbrr	40	5	of	of	IN
cord-285458-g6esbbrr	40	6	managing	manage	VBG
cord-285458-g6esbbrr	40	7	the	the	DT
cord-285458-g6esbbrr	40	8	resulting	result	VBG
cord-285458-g6esbbrr	40	9	high	high	JJ
cord-285458-g6esbbrr	40	10	levels	level	NNS
cord-285458-g6esbbrr	40	11	of	of	IN
cord-285458-g6esbbrr	40	12	government	government	NN
cord-285458-g6esbbrr	40	13	debt	debt	NN
cord-285458-g6esbbrr	40	14	is	be	VBZ
cord-285458-g6esbbrr	40	15	also	also	RB
cord-285458-g6esbbrr	40	16	affecting	affect	VBG
cord-285458-g6esbbrr	40	17	the	the	DT
cord-285458-g6esbbrr	40	18	almost	almost	RB
cord-285458-g6esbbrr	40	19	sacred	sacred	JJ
cord-285458-g6esbbrr	40	20	prohibition	prohibition	NN
cord-285458-g6esbbrr	40	21	of	of	IN
cord-285458-g6esbbrr	40	22	monetary	monetary	JJ
cord-285458-g6esbbrr	40	23	fi	fi	NN
cord-285458-g6esbbrr	40	24	nancing	nancing	NN
cord-285458-g6esbbrr	40	25	.	.	.
cord-285458-g6esbbrr	41	1	Some	some	DT
cord-285458-g6esbbrr	41	2	economists	economist	NNS
cord-285458-g6esbbrr	41	3	are	be	VBP
cord-285458-g6esbbrr	41	4	suggesting	suggest	VBG
cord-285458-g6esbbrr	41	5	radical	radical	JJ
cord-285458-g6esbbrr	41	6	solutions	solution	NNS
cord-285458-g6esbbrr	41	7	,	,	,
cord-285458-g6esbbrr	41	8	such	such	JJ
cord-285458-g6esbbrr	41	9	as	as	IN
cord-285458-g6esbbrr	41	10	direct	direct	JJ
cord-285458-g6esbbrr	41	11	central	central	JJ
cord-285458-g6esbbrr	41	12	bank	bank	NN
cord-285458-g6esbbrr	41	13	mon	mon	NN
cord-285458-g6esbbrr	41	14	-	-	HYPH
cord-285458-g6esbbrr	41	15	ey	ey	JJ
cord-285458-g6esbbrr	41	16	injections	injection	NNS
cord-285458-g6esbbrr	41	17	into	into	IN
cord-285458-g6esbbrr	41	18	the	the	DT
cord-285458-g6esbbrr	41	19	economy	economy	NN
cord-285458-g6esbbrr	41	20	through	through	IN
cord-285458-g6esbbrr	41	21	so	so	RB
cord-285458-g6esbbrr	41	22	-	-	HYPH
cord-285458-g6esbbrr	41	23	called	call	VBN
cord-285458-g6esbbrr	41	24	helicopter	helicopter	NN
cord-285458-g6esbbrr	41	25	money	money	NN
cord-285458-g6esbbrr	41	26	(	(	-LRB-
cord-285458-g6esbbrr	41	27	Gali	Gali	NNP
cord-285458-g6esbbrr	41	28	,	,	,
cord-285458-g6esbbrr	41	29	2020	2020	CD
cord-285458-g6esbbrr	41	30	)	)	-RRB-
cord-285458-g6esbbrr	41	31	.	.	.
cord-285458-g6esbbrr	42	1	Without	without	IN
cord-285458-g6esbbrr	42	2	going	go	VBG
cord-285458-g6esbbrr	42	3	so	so	RB
cord-285458-g6esbbrr	42	4	far	far	RB
cord-285458-g6esbbrr	42	5	,	,	,
cord-285458-g6esbbrr	42	6	proposals	proposal	NNS
cord-285458-g6esbbrr	42	7	like	like	IN
cord-285458-g6esbbrr	42	8	perpetual	perpetual	JJ
cord-285458-g6esbbrr	42	9	bond	bond	NN
cord-285458-g6esbbrr	42	10	issuances	issuance	NNS
cord-285458-g6esbbrr	42	11	with	with	IN
cord-285458-g6esbbrr	42	12	central	central	JJ
cord-285458-g6esbbrr	42	13	bank	bank	NN
cord-285458-g6esbbrr	42	14	backstops	backstop	NNS
cord-285458-g6esbbrr	42	15	(	(	-LRB-
cord-285458-g6esbbrr	42	16	Tabellini	Tabellini	NNP
cord-285458-g6esbbrr	42	17	and	and	CC
cord-285458-g6esbbrr	42	18	Giavazzi	Giavazzi	NNP
cord-285458-g6esbbrr	42	19	,	,	,
cord-285458-g6esbbrr	42	20	2020	2020	CD
cord-285458-g6esbbrr	42	21	)	)	-RRB-
cord-285458-g6esbbrr	42	22	or	or	CC
cord-285458-g6esbbrr	42	23	massive	massive	JJ
cord-285458-g6esbbrr	42	24	asset	asset	NN
cord-285458-g6esbbrr	42	25	purchases	purchase	NNS
cord-285458-g6esbbrr	42	26	undertaken	undertake	VBN
cord-285458-g6esbbrr	42	27	in	in	IN
cord-285458-g6esbbrr	42	28	particular	particular	JJ
cord-285458-g6esbbrr	42	29	by	by	IN
cord-285458-g6esbbrr	42	30	the	the	DT
cord-285458-g6esbbrr	42	31	Federal	Federal	NNP
cord-285458-g6esbbrr	42	32	Reserve	Reserve	NNP
cord-285458-g6esbbrr	42	33	blur	blur	VB
cord-285458-g6esbbrr	42	34	the	the	DT
cord-285458-g6esbbrr	42	35	lines	line	NNS
cord-285458-g6esbbrr	42	36	between	between	IN
cord-285458-g6esbbrr	42	37	unconventional	unconventional	JJ
cord-285458-g6esbbrr	42	38	monetary	monetary	JJ
cord-285458-g6esbbrr	42	39	policy	policy	NN
cord-285458-g6esbbrr	42	40	and	and	CC
cord-285458-g6esbbrr	42	41	monetary	monetary	JJ
cord-285458-g6esbbrr	42	42	fi	fi	NN
cord-285458-g6esbbrr	42	43	nancing	nancing	NN
cord-285458-g6esbbrr	42	44	.	.	.
cord-285458-g6esbbrr	43	1	In	in	IN
cord-285458-g6esbbrr	43	2	any	any	DT
cord-285458-g6esbbrr	43	3	case	case	NN
cord-285458-g6esbbrr	43	4	,	,	,
cord-285458-g6esbbrr	43	5	once	once	IN
cord-285458-g6esbbrr	43	6	the	the	DT
cord-285458-g6esbbrr	43	7	pandemic	pandemic	NN
cord-285458-g6esbbrr	43	8	is	be	VBZ
cord-285458-g6esbbrr	43	9	fi	fi	XX
cord-285458-g6esbbrr	43	10	nally	nally	RB
cord-285458-g6esbbrr	43	11	under	under	IN
cord-285458-g6esbbrr	43	12	control	control	NN
cord-285458-g6esbbrr	43	13	,	,	,
cord-285458-g6esbbrr	43	14	fi	fi	NNP
cord-285458-g6esbbrr	43	15	scal	scal	NNP
cord-285458-g6esbbrr	43	16	policy	policy	NN
cord-285458-g6esbbrr	43	17	should	should	MD
cord-285458-g6esbbrr	43	18	be	be	VB
cord-285458-g6esbbrr	43	19	loosened	loosen	VBN
cord-285458-g6esbbrr	43	20	futher	futher	RB
cord-285458-g6esbbrr	43	21	to	to	TO
cord-285458-g6esbbrr	43	22	support	support	VB
cord-285458-g6esbbrr	43	23	economic	economic	JJ
cord-285458-g6esbbrr	43	24	recovery	recovery	NN
cord-285458-g6esbbrr	43	25	.	.	.
cord-285458-g6esbbrr	44	1	Before	before	IN
cord-285458-g6esbbrr	44	2	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	44	3	,	,	,
cord-285458-g6esbbrr	44	4	many	many	JJ
cord-285458-g6esbbrr	44	5	prominent	prominent	JJ
cord-285458-g6esbbrr	44	6	voices	voice	NNS
cord-285458-g6esbbrr	44	7	called	call	VBD
cord-285458-g6esbbrr	44	8	for	for	IN
cord-285458-g6esbbrr	44	9	profiting	profit	VBG
cord-285458-g6esbbrr	44	10	from	from	IN
cord-285458-g6esbbrr	44	11	the	the	DT
cord-285458-g6esbbrr	44	12	low	low	JJ
cord-285458-g6esbbrr	44	13	interest	interest	NN
cord-285458-g6esbbrr	44	14	rate	rate	NN
cord-285458-g6esbbrr	44	15	environment	environment	NN
cord-285458-g6esbbrr	44	16	to	to	TO
cord-285458-g6esbbrr	44	17	prioritise	prioritise	VB
cord-285458-g6esbbrr	44	18	,	,	,
cord-285458-g6esbbrr	44	19	over	over	IN
cord-285458-g6esbbrr	44	20	other	other	JJ
cord-285458-g6esbbrr	44	21	policy	policy	NN
cord-285458-g6esbbrr	44	22	objectives	objective	NNS
cord-285458-g6esbbrr	44	23	,	,	,
cord-285458-g6esbbrr	44	24	a	a	DT
cord-285458-g6esbbrr	44	25	powerful	powerful	JJ
cord-285458-g6esbbrr	44	26	investment	investment	NN
cord-285458-g6esbbrr	44	27	policy	policy	NN
cord-285458-g6esbbrr	44	28	to	to	TO
cord-285458-g6esbbrr	44	29	spur	spur	VB
cord-285458-g6esbbrr	44	30	GDP	GDP	NNP
cord-285458-g6esbbrr	44	31	growth	growth	NN
cord-285458-g6esbbrr	44	32	both	both	DT
cord-285458-g6esbbrr	44	33	in	in	IN
cord-285458-g6esbbrr	44	34	the	the	DT
cord-285458-g6esbbrr	44	35	short	short	JJ
cord-285458-g6esbbrr	44	36	and	and	CC
cord-285458-g6esbbrr	44	37	in	in	IN
cord-285458-g6esbbrr	44	38	the	the	DT
cord-285458-g6esbbrr	44	39	long	long	JJ
cord-285458-g6esbbrr	44	40	term	term	NN
cord-285458-g6esbbrr	44	41	(	(	-LRB-
cord-285458-g6esbbrr	44	42	Blanchard	Blanchard	NNP
cord-285458-g6esbbrr	44	43	,	,	,
cord-285458-g6esbbrr	44	44	2019	2019	CD
cord-285458-g6esbbrr	44	45	)	)	-RRB-
cord-285458-g6esbbrr	44	46	.	.	.
cord-285458-g6esbbrr	45	1	This	this	DT
cord-285458-g6esbbrr	45	2	debate	debate	NN
cord-285458-g6esbbrr	45	3	,	,	,
cord-285458-g6esbbrr	45	4	reinvigorated	reinvigorate	VBD
cord-285458-g6esbbrr	45	5	proponents	proponent	NNS
cord-285458-g6esbbrr	45	6	of	of	IN
cord-285458-g6esbbrr	45	7	some	some	DT
cord-285458-g6esbbrr	45	8	sort	sort	NN
cord-285458-g6esbbrr	45	9	of	of	IN
cord-285458-g6esbbrr	45	10	golden	golden	JJ
cord-285458-g6esbbrr	45	11	rule	rule	NN
cord-285458-g6esbbrr	45	12	to	to	TO
cord-285458-g6esbbrr	45	13	be	be	VB
cord-285458-g6esbbrr	45	14	included	include	VBN
cord-285458-g6esbbrr	45	15	in	in	IN
cord-285458-g6esbbrr	45	16	the	the	DT
cord-285458-g6esbbrr	45	17	EU	EU	NNP
cord-285458-g6esbbrr	45	18	governance	governance	NN
cord-285458-g6esbbrr	45	19	framework	framework	NN
cord-285458-g6esbbrr	45	20	.	.	.
cord-285458-g6esbbrr	46	1	However	however	RB
cord-285458-g6esbbrr	46	2	,	,	,
cord-285458-g6esbbrr	46	3	given	give	VBN
cord-285458-g6esbbrr	46	4	the	the	DT
cord-285458-g6esbbrr	46	5	heterogeneity	heterogeneity	NN
cord-285458-g6esbbrr	46	6	of	of	IN
cord-285458-g6esbbrr	46	7	spending	spend	VBG
cord-285458-g6esbbrr	46	8	programmes	programme	NNS
cord-285458-g6esbbrr	46	9	with	with	IN
cord-285458-g6esbbrr	46	10	positive	positive	JJ
cord-285458-g6esbbrr	46	11	economic	economic	JJ
cord-285458-g6esbbrr	46	12	returns	return	NNS
cord-285458-g6esbbrr	46	13	,	,	,
cord-285458-g6esbbrr	46	14	ranging	range	VBG
cord-285458-g6esbbrr	46	15	from	from	IN
cord-285458-g6esbbrr	46	16	expenditure	expenditure	NN
cord-285458-g6esbbrr	46	17	in	in	IN
cord-285458-g6esbbrr	46	18	education	education	NN
cord-285458-g6esbbrr	46	19	,	,	,
cord-285458-g6esbbrr	46	20	training	training	NN
cord-285458-g6esbbrr	46	21	,	,	,
cord-285458-g6esbbrr	46	22	human	human	JJ
cord-285458-g6esbbrr	46	23	capital	capital	NN
cord-285458-g6esbbrr	46	24	investment	investment	NN
cord-285458-g6esbbrr	46	25	,	,	,
cord-285458-g6esbbrr	46	26	health	health	NN
cord-285458-g6esbbrr	46	27	,	,	,
cord-285458-g6esbbrr	46	28	climate	climate	NN
cord-285458-g6esbbrr	46	29	mitigation	mitigation	NN
cord-285458-g6esbbrr	46	30	,	,	,
cord-285458-g6esbbrr	46	31	infrastructure	infrastructure	NN
cord-285458-g6esbbrr	46	32	and	and	CC
cord-285458-g6esbbrr	46	33	the	the	DT
cord-285458-g6esbbrr	46	34	broad	broad	JJ
cord-285458-g6esbbrr	46	35	set	set	NN
cord-285458-g6esbbrr	46	36	of	of	IN
cord-285458-g6esbbrr	46	37	innovation	innovation	NN
cord-285458-g6esbbrr	46	38	policies	policy	NNS
cord-285458-g6esbbrr	46	39	,	,	,
cord-285458-g6esbbrr	46	40	it	-PRON-	PRP
cord-285458-g6esbbrr	46	41	is	be	VBZ
cord-285458-g6esbbrr	46	42	diffi	diffi	JJ
cord-285458-g6esbbrr	46	43	cult	cult	NN
cord-285458-g6esbbrr	46	44	to	to	TO
cord-285458-g6esbbrr	46	45	conceive	conceive	VB
cord-285458-g6esbbrr	46	46	an	an	DT
cord-285458-g6esbbrr	46	47	investment	investment	NN
cord-285458-g6esbbrr	46	48	clause	clause	NN
cord-285458-g6esbbrr	46	49	capable	capable	JJ
cord-285458-g6esbbrr	46	50	of	of	IN
cord-285458-g6esbbrr	46	51	covering	cover	VBG
cord-285458-g6esbbrr	46	52	all	all	PDT
cord-285458-g6esbbrr	46	53	these	these	DT
cord-285458-g6esbbrr	46	54	items	item	NNS
cord-285458-g6esbbrr	46	55	effectively	effectively	RB
cord-285458-g6esbbrr	46	56	and	and	CC
cord-285458-g6esbbrr	46	57	without	without	IN
cord-285458-g6esbbrr	46	58	creating	create	VBG
cord-285458-g6esbbrr	46	59	distortions	distortion	NNS
cord-285458-g6esbbrr	46	60	in	in	IN
cord-285458-g6esbbrr	46	61	the	the	DT
cord-285458-g6esbbrr	46	62	allocation	allocation	NN
cord-285458-g6esbbrr	46	63	of	of	IN
cord-285458-g6esbbrr	46	64	public	public	JJ
cord-285458-g6esbbrr	46	65	expenditure	expenditure	NN
cord-285458-g6esbbrr	46	66	.	.	.
cord-285458-g6esbbrr	47	1	Figure	figure	NN
cord-285458-g6esbbrr	47	2	1	1	CD
cord-285458-g6esbbrr	47	3	shows	show	VBZ
cord-285458-g6esbbrr	47	4	that	that	IN
cord-285458-g6esbbrr	47	5	a	a	DT
cord-285458-g6esbbrr	47	6	number	number	NN
cord-285458-g6esbbrr	47	7	of	of	IN
cord-285458-g6esbbrr	47	8	countries	country	NNS
cord-285458-g6esbbrr	47	9	present	present	VBP
cord-285458-g6esbbrr	47	10	a	a	DT
cord-285458-g6esbbrr	47	11	suboptimal	suboptimal	JJ
cord-285458-g6esbbrr	47	12	expenditure	expenditure	NN
cord-285458-g6esbbrr	47	13	composition	composition	NN
cord-285458-g6esbbrr	47	14	.	.	.
cord-285458-g6esbbrr	48	1	Countries	country	NNS
cord-285458-g6esbbrr	48	2	with	with	IN
cord-285458-g6esbbrr	48	3	low	low	JJ
cord-285458-g6esbbrr	48	4	potential	potential	JJ
cord-285458-g6esbbrr	48	5	growth	growth	NN
cord-285458-g6esbbrr	48	6	rates	rate	NNS
cord-285458-g6esbbrr	48	7	such	such	JJ
cord-285458-g6esbbrr	48	8	as	as	IN
cord-285458-g6esbbrr	48	9	Italy	Italy	NNP
cord-285458-g6esbbrr	48	10	and	and	CC
cord-285458-g6esbbrr	48	11	Spain	Spain	NNP
cord-285458-g6esbbrr	48	12	have	have	VBP
cord-285458-g6esbbrr	48	13	expenditures	expenditure	NNS
cord-285458-g6esbbrr	48	14	below	below	IN
cord-285458-g6esbbrr	48	15	the	the	DT
cord-285458-g6esbbrr	48	16	EU	EU	NNP
cord-285458-g6esbbrr	48	17	average	average	NN
cord-285458-g6esbbrr	48	18	in	in	IN
cord-285458-g6esbbrr	48	19	all	all	PDT
cord-285458-g6esbbrr	48	20	the	the	DT
cord-285458-g6esbbrr	48	21	growth	growth	NN
cord-285458-g6esbbrr	48	22	-	-	HYPH
cord-285458-g6esbbrr	48	23	enhancing	enhance	VBG
cord-285458-g6esbbrr	48	24	items	item	NNS
cord-285458-g6esbbrr	48	25	displayed	display	VBN
cord-285458-g6esbbrr	48	26	in	in	IN
cord-285458-g6esbbrr	48	27	the	the	DT
cord-285458-g6esbbrr	48	28	fi	fi	NNP
cord-285458-g6esbbrr	48	29	gure	gure	NNP
cord-285458-g6esbbrr	48	30	,	,	,
cord-285458-g6esbbrr	48	31	with	with	IN
cord-285458-g6esbbrr	48	32	a	a	DT
cord-285458-g6esbbrr	48	33	 	 	_SP
cord-285458-g6esbbrr	48	34	gap	gap	NN
cord-285458-g6esbbrr	48	35	accounting	account	VBG
cord-285458-g6esbbrr	48	36	for	for	IN
cord-285458-g6esbbrr	48	37	almost	almost	RB
cord-285458-g6esbbrr	48	38	2	2	CD
cord-285458-g6esbbrr	48	39	%	%	NN
cord-285458-g6esbbrr	48	40	of	of	IN
cord-285458-g6esbbrr	48	41	GDP	GDP	NNP
cord-285458-g6esbbrr	48	42	.	.	.
cord-285458-g6esbbrr	49	1	The	the	DT
cord-285458-g6esbbrr	49	2	fi	fi	NN
cord-285458-g6esbbrr	49	3	gure	gure	NNP
cord-285458-g6esbbrr	49	4	also	also	RB
cord-285458-g6esbbrr	49	5	shows	show	VBZ
cord-285458-g6esbbrr	49	6	that	that	IN
cord-285458-g6esbbrr	49	7	the	the	DT
cord-285458-g6esbbrr	49	8	expenditure	expenditure	NN
cord-285458-g6esbbrr	49	9	gap	gap	NN
cord-285458-g6esbbrr	49	10	widened	widen	VBD
cord-285458-g6esbbrr	49	11	in	in	IN
cord-285458-g6esbbrr	49	12	recent	recent	JJ
cord-285458-g6esbbrr	49	13	years	year	NNS
cord-285458-g6esbbrr	49	14	,	,	,
cord-285458-g6esbbrr	49	15	in	in	IN
cord-285458-g6esbbrr	49	16	particular	particular	JJ
cord-285458-g6esbbrr	49	17	in	in	IN
cord-285458-g6esbbrr	49	18	those	those	DT
cord-285458-g6esbbrr	49	19	countries	country	NNS
cord-285458-g6esbbrr	49	20	hit	hit	VBD
cord-285458-g6esbbrr	49	21	hardest	hard	RBS
cord-285458-g6esbbrr	49	22	by	by	IN
cord-285458-g6esbbrr	49	23	the	the	DT
cord-285458-g6esbbrr	49	24	sovereign	sovereign	JJ
cord-285458-g6esbbrr	49	25	debt	debt	NN
cord-285458-g6esbbrr	49	26	crisis	crisis	NN
cord-285458-g6esbbrr	49	27	.	.	.
cord-285458-g6esbbrr	50	1	Decisions	decision	NNS
cord-285458-g6esbbrr	50	2	on	on	IN
cord-285458-g6esbbrr	50	3	the	the	DT
cord-285458-g6esbbrr	50	4	size	size	NN
cord-285458-g6esbbrr	50	5	and	and	CC
cord-285458-g6esbbrr	50	6	the	the	DT
cord-285458-g6esbbrr	50	7	time	time	NN
cord-285458-g6esbbrr	50	8	extension	extension	NN
cord-285458-g6esbbrr	50	9	of	of	IN
cord-285458-g6esbbrr	50	10	counter	counter	JJ
cord-285458-g6esbbrr	50	11	-	-	JJ
cord-285458-g6esbbrr	50	12	cyclical	cyclical	JJ
cord-285458-g6esbbrr	50	13	measures	measure	NNS
cord-285458-g6esbbrr	50	14	as	as	RB
cord-285458-g6esbbrr	50	15	well	well	RB
cord-285458-g6esbbrr	50	16	as	as	IN
cord-285458-g6esbbrr	50	17	the	the	DT
cord-285458-g6esbbrr	50	18	more	more	RBR
cord-285458-g6esbbrr	50	19	structural	structural	JJ
cord-285458-g6esbbrr	50	20	increase	increase	NN
cord-285458-g6esbbrr	50	21	in	in	IN
cord-285458-g6esbbrr	50	22	investment	investment	NN
cord-285458-g6esbbrr	50	23	will	will	MD
cord-285458-g6esbbrr	50	24	face	face	VB
cord-285458-g6esbbrr	50	25	the	the	DT
cord-285458-g6esbbrr	50	26	limit	limit	NN
cord-285458-g6esbbrr	50	27	imposed	impose	VBN
cord-285458-g6esbbrr	50	28	by	by	IN
cord-285458-g6esbbrr	50	29	debt	debt	NN
cord-285458-g6esbbrr	50	30	sustainability	sustainability	NN
cord-285458-g6esbbrr	50	31	concerns	concern	NNS
cord-285458-g6esbbrr	50	32	.	.	.
cord-285458-g6esbbrr	51	1	However	however	RB
cord-285458-g6esbbrr	51	2	,	,	,
cord-285458-g6esbbrr	51	3	since	since	IN
cord-285458-g6esbbrr	51	4	much	much	RB
cord-285458-g6esbbrr	51	5	higher	high	JJR
cord-285458-g6esbbrr	51	6	debt	debt	NN
cord-285458-g6esbbrr	51	7	levels	level	NNS
cord-285458-g6esbbrr	51	8	will	will	MD
cord-285458-g6esbbrr	51	9	become	become	VB
cord-285458-g6esbbrr	51	10	permanent	permanent	JJ
cord-285458-g6esbbrr	51	11	in	in	IN
cord-285458-g6esbbrr	51	12	the	the	DT
cord-285458-g6esbbrr	51	13	future	future	NN
cord-285458-g6esbbrr	51	14	,	,	,
cord-285458-g6esbbrr	51	15	the	the	DT
cord-285458-g6esbbrr	51	16	debate	debate	NN
cord-285458-g6esbbrr	51	17	on	on	IN
cord-285458-g6esbbrr	51	18	how	how	WRB
cord-285458-g6esbbrr	51	19	to	to	TO
cord-285458-g6esbbrr	51	20	manage	manage	VB
cord-285458-g6esbbrr	51	21	such	such	PDT
cord-285458-g6esbbrr	51	22	a	a	DT
cord-285458-g6esbbrr	51	23	high	high	JJ
cord-285458-g6esbbrr	51	24	debt	debt	NN
cord-285458-g6esbbrr	51	25	burden	burden	NN
cord-285458-g6esbbrr	51	26	will	will	MD
cord-285458-g6esbbrr	51	27	intensify	intensify	VB
cord-285458-g6esbbrr	51	28	.	.	.
cord-285458-g6esbbrr	52	1	The	the	DT
cord-285458-g6esbbrr	52	2	views	view	NNS
cord-285458-g6esbbrr	52	3	will	will	MD
cord-285458-g6esbbrr	52	4	likely	likely	RB
cord-285458-g6esbbrr	52	5	diverge	diverge	VB
cord-285458-g6esbbrr	52	6	between	between	IN
cord-285458-g6esbbrr	52	7	those	those	DT
cord-285458-g6esbbrr	52	8	asking	ask	VBG
cord-285458-g6esbbrr	52	9	for	for	IN
cord-285458-g6esbbrr	52	10	achieving	achieve	VBG
cord-285458-g6esbbrr	52	11	a	a	DT
cord-285458-g6esbbrr	52	12	larger	large	JJR
cord-285458-g6esbbrr	52	13	primary	primary	JJ
cord-285458-g6esbbrr	52	14	surplus	surplus	NN
cord-285458-g6esbbrr	52	15	for	for	IN
cord-285458-g6esbbrr	52	16	a	a	DT
cord-285458-g6esbbrr	52	17	long	long	JJ
cord-285458-g6esbbrr	52	18	period	period	NN
cord-285458-g6esbbrr	52	19	of	of	IN
cord-285458-g6esbbrr	52	20	time	time	NN
cord-285458-g6esbbrr	52	21	in	in	IN
cord-285458-g6esbbrr	52	22	order	order	NN
cord-285458-g6esbbrr	52	23	to	to	TO
cord-285458-g6esbbrr	52	24	seek	seek	VB
cord-285458-g6esbbrr	52	25	reducing	reduce	VBG
cord-285458-g6esbbrr	52	26	the	the	DT
cord-285458-g6esbbrr	52	27	debt	debt	NN
cord-285458-g6esbbrr	52	28	ratio	ratio	NN
cord-285458-g6esbbrr	52	29	and	and	CC
cord-285458-g6esbbrr	52	30	those	those	DT
cord-285458-g6esbbrr	52	31	calling	call	VBG
cord-285458-g6esbbrr	52	32	for	for	IN
cord-285458-g6esbbrr	52	33	a	a	DT
cord-285458-g6esbbrr	52	34	strategy	strategy	NN
cord-285458-g6esbbrr	52	35	aimed	aim	VBN
cord-285458-g6esbbrr	52	36	at	at	IN
cord-285458-g6esbbrr	52	37	keeping	keep	VBG
cord-285458-g6esbbrr	52	38	the	the	DT
cord-285458-g6esbbrr	52	39	debt	debt	NN
cord-285458-g6esbbrr	52	40	under	under	IN
cord-285458-g6esbbrr	52	41	control	control	NN
cord-285458-g6esbbrr	52	42	in	in	IN
cord-285458-g6esbbrr	52	43	the	the	DT
cord-285458-g6esbbrr	52	44	short	short	JJ
cord-285458-g6esbbrr	52	45	term	term	NN
cord-285458-g6esbbrr	52	46	while	while	IN
cord-285458-g6esbbrr	52	47	undertaking	undertake	VBG
cord-285458-g6esbbrr	52	48	well	well	RB
cord-285458-g6esbbrr	52	49	-	-	HYPH
cord-285458-g6esbbrr	52	50	designed	design	VBN
cord-285458-g6esbbrr	52	51	growth	growth	NN
cord-285458-g6esbbrr	52	52	-	-	HYPH
cord-285458-g6esbbrr	52	53	enhancing	enhance	VBG
cord-285458-g6esbbrr	52	54	spending	spending	NN
cord-285458-g6esbbrr	52	55	programmes	programme	NNS
cord-285458-g6esbbrr	52	56	to	to	TO
cord-285458-g6esbbrr	52	57	strengthen	strengthen	VB
cord-285458-g6esbbrr	52	58	the	the	DT
cord-285458-g6esbbrr	52	59	recovery	recovery	NN
cord-285458-g6esbbrr	52	60	and	and	CC
cord-285458-g6esbbrr	52	61	raise	raise	VB
cord-285458-g6esbbrr	52	62	potential	potential	JJ
cord-285458-g6esbbrr	52	63	growth	growth	NN
cord-285458-g6esbbrr	52	64	.	.	.
cord-285458-g6esbbrr	53	1	In	in	IN
cord-285458-g6esbbrr	53	2	the	the	DT
cord-285458-g6esbbrr	53	3	future	future	JJ
cord-285458-g6esbbrr	53	4	passive	passive	JJ
cord-285458-g6esbbrr	53	5	debt	debt	NN
cord-285458-g6esbbrr	53	6	deleveraging	deleverage	VBG
cord-285458-g6esbbrr	53	7	based	base	VBN
cord-285458-g6esbbrr	53	8	on	on	IN
cord-285458-g6esbbrr	53	9	higher	high	JJR
cord-285458-g6esbbrr	53	10	nominal	nominal	JJ
cord-285458-g6esbbrr	53	11	growth	growth	NN
cord-285458-g6esbbrr	53	12	and	and	CC
cord-285458-g6esbbrr	53	13	prudent	prudent	JJ
cord-285458-g6esbbrr	53	14	fi	fi	NN
cord-285458-g6esbbrr	53	15	scal	scal	NNP
cord-285458-g6esbbrr	53	16	policy	policy	NN
cord-285458-g6esbbrr	53	17	in	in	IN
cord-285458-g6esbbrr	53	18	good	good	JJ
cord-285458-g6esbbrr	53	19	times	time	NNS
cord-285458-g6esbbrr	53	20	could	could	MD
cord-285458-g6esbbrr	53	21	result	result	VB
cord-285458-g6esbbrr	53	22	in	in	IN
cord-285458-g6esbbrr	53	23	a	a	DT
cord-285458-g6esbbrr	53	24	more	more	RBR
cord-285458-g6esbbrr	53	25	substantial	substantial	JJ
cord-285458-g6esbbrr	53	26	and	and	CC
cord-285458-g6esbbrr	53	27	politically	politically	RB
cord-285458-g6esbbrr	53	28	sustainable	sustainable	JJ
cord-285458-g6esbbrr	53	29	debt	debt	NN
cord-285458-g6esbbrr	53	30	reduction	reduction	NN
cord-285458-g6esbbrr	53	31	(	(	-LRB-
cord-285458-g6esbbrr	53	32	Rawdanowicz	Rawdanowicz	NNP
cord-285458-g6esbbrr	53	33	,	,	,
cord-285458-g6esbbrr	53	34	2013	2013	CD
cord-285458-g6esbbrr	53	35	)	)	-RRB-
cord-285458-g6esbbrr	53	36	.	.	.
cord-285458-g6esbbrr	54	1	At	at	IN
cord-285458-g6esbbrr	54	2	the	the	DT
cord-285458-g6esbbrr	54	3	same	same	JJ
cord-285458-g6esbbrr	54	4	time	time	NN
cord-285458-g6esbbrr	54	5	,	,	,
cord-285458-g6esbbrr	54	6	the	the	DT
cord-285458-g6esbbrr	54	7	inherent	inherent	JJ
cord-285458-g6esbbrr	54	8	vulnerability	vulnerability	NN
cord-285458-g6esbbrr	54	9	of	of	IN
cord-285458-g6esbbrr	54	10	high	high	JJ
cord-285458-g6esbbrr	54	11	-	-	HYPH
cord-285458-g6esbbrr	54	12	debt	debt	NN
cord-285458-g6esbbrr	54	13	countries	country	NNS
cord-285458-g6esbbrr	54	14	will	will	MD
cord-285458-g6esbbrr	54	15	raise	raise	VB
cord-285458-g6esbbrr	54	16	the	the	DT
cord-285458-g6esbbrr	54	17	question	question	NN
cord-285458-g6esbbrr	54	18	of	of	IN
cord-285458-g6esbbrr	54	19	whether	whether	IN
cord-285458-g6esbbrr	54	20	short	short	JJ
cord-285458-g6esbbrr	54	21	-	-	HYPH
cord-285458-g6esbbrr	54	22	term	term	NN
cord-285458-g6esbbrr	54	23	fi	fi	NN
cord-285458-g6esbbrr	54	24	nancial	nancial	JJ
cord-285458-g6esbbrr	54	25	market	market	NN
cord-285458-g6esbbrr	54	26	turmoil	turmoil	NN
cord-285458-g6esbbrr	54	27	,	,	,
cord-285458-g6esbbrr	54	28	causing	cause	VBG
cord-285458-g6esbbrr	54	29	dangerous	dangerous	JJ
cord-285458-g6esbbrr	54	30	increases	increase	NNS
cord-285458-g6esbbrr	54	31	in	in	IN
cord-285458-g6esbbrr	54	32	sovereign	sovereign	JJ
cord-285458-g6esbbrr	54	33	borrowing	borrowing	NN
cord-285458-g6esbbrr	54	34	costs	cost	NNS
cord-285458-g6esbbrr	54	35	,	,	,
cord-285458-g6esbbrr	54	36	can	can	MD
cord-285458-g6esbbrr	54	37	be	be	VB
cord-285458-g6esbbrr	54	38	managed	manage	VBN
cord-285458-g6esbbrr	54	39	by	by	IN
cord-285458-g6esbbrr	54	40	the	the	DT
cord-285458-g6esbbrr	54	41	European	European	NNP
cord-285458-g6esbbrr	54	42	Stability	Stability	NNP
cord-285458-g6esbbrr	54	43	Mechanism	Mechanism	NNP
cord-285458-g6esbbrr	54	44	(	(	-LRB-
cord-285458-g6esbbrr	54	45	ESM	ESM	NNP
cord-285458-g6esbbrr	54	46	)	)	-RRB-
cord-285458-g6esbbrr	54	47	or	or	CC
cord-285458-g6esbbrr	54	48	if	if	IN
cord-285458-g6esbbrr	54	49	,	,	,
cord-285458-g6esbbrr	54	50	alternatively	alternatively	RB
cord-285458-g6esbbrr	54	51	,	,	,
cord-285458-g6esbbrr	54	52	either	either	CC
cord-285458-g6esbbrr	54	53	a	a	DT
cord-285458-g6esbbrr	54	54	more	more	RBR
cord-285458-g6esbbrr	54	55	active	active	JJ
cord-285458-g6esbbrr	54	56	central	central	JJ
cord-285458-g6esbbrr	54	57	bank	bank	NN
cord-285458-g6esbbrr	54	58	intervention	intervention	NN
cord-285458-g6esbbrr	54	59	or	or	CC
cord-285458-g6esbbrr	54	60	some	some	DT
cord-285458-g6esbbrr	54	61	form	form	NN
cord-285458-g6esbbrr	54	62	of	of	IN
cord-285458-g6esbbrr	54	63	debt	debt	NN
cord-285458-g6esbbrr	54	64	restructuring	restructuring	NN
cord-285458-g6esbbrr	54	65	will	will	MD
cord-285458-g6esbbrr	54	66	become	become	VB
cord-285458-g6esbbrr	54	67	inevitable	inevitable	JJ
cord-285458-g6esbbrr	54	68	.	.	.
cord-285458-g6esbbrr	55	1	Against	against	IN
cord-285458-g6esbbrr	55	2	this	this	DT
cord-285458-g6esbbrr	55	3	backdrop	backdrop	NN
cord-285458-g6esbbrr	55	4	,	,	,
cord-285458-g6esbbrr	55	5	the	the	DT
cord-285458-g6esbbrr	55	6	debate	debate	NN
cord-285458-g6esbbrr	55	7	on	on	IN
cord-285458-g6esbbrr	55	8	fi	fi	NNP
cord-285458-g6esbbrr	55	9	scal	scal	NNP
cord-285458-g6esbbrr	55	10	policy	policy	NN
cord-285458-g6esbbrr	55	11	choices	choice	NNS
cord-285458-g6esbbrr	55	12	and	and	CC
cord-285458-g6esbbrr	55	13	debt	debt	NN
cord-285458-g6esbbrr	55	14	management	management	NN
cord-285458-g6esbbrr	55	15	interacts	interact	VBZ
cord-285458-g6esbbrr	55	16	with	with	IN
cord-285458-g6esbbrr	55	17	the	the	DT
cord-285458-g6esbbrr	55	18	political	political	JJ
cord-285458-g6esbbrr	55	19	economy	economy	NN
cord-285458-g6esbbrr	55	20	issues	issue	NNS
cord-285458-g6esbbrr	55	21	discussed	discuss	VBN
cord-285458-g6esbbrr	55	22	above	above	RB
cord-285458-g6esbbrr	55	23	.	.	.
cord-285458-g6esbbrr	56	1	Indeed	indeed	RB
cord-285458-g6esbbrr	56	2	,	,	,
cord-285458-g6esbbrr	56	3	irrespective	irrespective	RB
cord-285458-g6esbbrr	56	4	of	of	IN
cord-285458-g6esbbrr	56	5	the	the	DT
cord-285458-g6esbbrr	56	6	merit	merit	NN
cord-285458-g6esbbrr	56	7	of	of	IN
cord-285458-g6esbbrr	56	8	the	the	DT
cord-285458-g6esbbrr	56	9	different	different	JJ
cord-285458-g6esbbrr	56	10	views	view	NNS
cord-285458-g6esbbrr	56	11	,	,	,
cord-285458-g6esbbrr	56	12	this	this	DT
cord-285458-g6esbbrr	56	13	fragile	fragile	JJ
cord-285458-g6esbbrr	56	14	environment	environment	NN
cord-285458-g6esbbrr	56	15	will	will	MD
cord-285458-g6esbbrr	56	16	widen	widen	VB
cord-285458-g6esbbrr	56	17	the	the	DT
cord-285458-g6esbbrr	56	18	existing	exist	VBG
cord-285458-g6esbbrr	56	19	divergences	divergence	NNS
cord-285458-g6esbbrr	56	20	about	about	IN
cord-285458-g6esbbrr	56	21	the	the	DT
cord-285458-g6esbbrr	56	22	optimal	optimal	JJ
cord-285458-g6esbbrr	56	23	conduct	conduct	NN
cord-285458-g6esbbrr	56	24	of	of	IN
cord-285458-g6esbbrr	56	25	fi	fi	NNP
cord-285458-g6esbbrr	56	26	scal	scal	NNP
cord-285458-g6esbbrr	56	27	policy	policy	NN
cord-285458-g6esbbrr	56	28	,	,	,
cord-285458-g6esbbrr	56	29	making	make	VBG
cord-285458-g6esbbrr	56	30	the	the	DT
cord-285458-g6esbbrr	56	31	current	current	JJ
cord-285458-g6esbbrr	56	32	architecture	architecture	NN
cord-285458-g6esbbrr	56	33	of	of	IN
cord-285458-g6esbbrr	56	34	the	the	DT
cord-285458-g6esbbrr	56	35	European	european	JJ
cord-285458-g6esbbrr	56	36	eco	eco	JJ
cord-285458-g6esbbrr	56	37	-	-	HYPH
cord-285458-g6esbbrr	56	38	nomic	nomic	JJ
cord-285458-g6esbbrr	56	39	governance	governance	NN
cord-285458-g6esbbrr	56	40	,	,	,
cord-285458-g6esbbrr	56	41	in	in	IN
cord-285458-g6esbbrr	56	42	particular	particular	JJ
cord-285458-g6esbbrr	56	43	the	the	DT
cord-285458-g6esbbrr	56	44	current	current	JJ
cord-285458-g6esbbrr	56	45	rules	rule	NNS
cord-285458-g6esbbrr	56	46	-	-	HYPH
cord-285458-g6esbbrr	56	47	based	base	VBN
cord-285458-g6esbbrr	56	48	fi	fi	NNP
cord-285458-g6esbbrr	56	49	scal	scal	NNP
cord-285458-g6esbbrr	56	50	framework	framework	NNP
cord-285458-g6esbbrr	56	51	,	,	,
cord-285458-g6esbbrr	56	52	rather	rather	RB
cord-285458-g6esbbrr	56	53	unsuitable	unsuitable	JJ
cord-285458-g6esbbrr	56	54	to	to	IN
cord-285458-g6esbbrr	56	55	the	the	DT
cord-285458-g6esbbrr	56	56	post	post	JJ
cord-285458-g6esbbrr	56	57	-	-	JJ
cord-285458-g6esbbrr	56	58	pandemic	pandemic	JJ
cord-285458-g6esbbrr	56	59	world	world	NN
cord-285458-g6esbbrr	56	60	.	.	.
cord-285458-g6esbbrr	57	1	Figure	figure	NN
cord-285458-g6esbbrr	57	2	2	2	CD
cord-285458-g6esbbrr	57	3	displays	display	VBZ
cord-285458-g6esbbrr	57	4	the	the	DT
cord-285458-g6esbbrr	57	5	main	main	JJ
cord-285458-g6esbbrr	57	6	trade	trade	NN
cord-285458-g6esbbrr	57	7	-	-	HYPH
cord-285458-g6esbbrr	57	8	off	off	NN
cord-285458-g6esbbrr	57	9	characterising	characterise	VBG
cord-285458-g6esbbrr	57	10	the	the	DT
cord-285458-g6esbbrr	57	11	prospects	prospect	NNS
cord-285458-g6esbbrr	57	12	for	for	IN
cord-285458-g6esbbrr	57	13	the	the	DT
cord-285458-g6esbbrr	57	14	future	future	JJ
cord-285458-g6esbbrr	57	15	evolution	evolution	NN
cord-285458-g6esbbrr	57	16	in	in	IN
cord-285458-g6esbbrr	57	17	the	the	DT
cord-285458-g6esbbrr	57	18	EMU	emu	NN
cord-285458-g6esbbrr	57	19	institutional	institutional	JJ
cord-285458-g6esbbrr	57	20	architecture	architecture	NN
cord-285458-g6esbbrr	57	21	.	.	.
cord-285458-g6esbbrr	58	1	On	on	IN
cord-285458-g6esbbrr	58	2	the	the	DT
cord-285458-g6esbbrr	58	3	vertical	vertical	JJ
cord-285458-g6esbbrr	58	4	axes	axis	NNS
cord-285458-g6esbbrr	58	5	,	,	,
cord-285458-g6esbbrr	58	6	there	there	EX
cord-285458-g6esbbrr	58	7	are	be	VBP
cord-285458-g6esbbrr	58	8	types	type	NNS
cord-285458-g6esbbrr	58	9	of	of	IN
cord-285458-g6esbbrr	58	10	common	common	JJ
cord-285458-g6esbbrr	58	11	institutions	institution	NNS
cord-285458-g6esbbrr	58	12	and	and	CC
cord-285458-g6esbbrr	58	13	resources	resource	NNS
cord-285458-g6esbbrr	58	14	that	that	WDT
cord-285458-g6esbbrr	58	15	are	be	VBP
cord-285458-g6esbbrr	58	16	typically	typically	RB
cord-285458-g6esbbrr	58	17	found	find	VBN
cord-285458-g6esbbrr	58	18	in	in	IN
cord-285458-g6esbbrr	58	19	fully	fully	RB
cord-285458-g6esbbrr	58	20	fl	fl	NNP
cord-285458-g6esbbrr	58	21	edged	edge	VBN
cord-285458-g6esbbrr	58	22	monetary	monetary	JJ
cord-285458-g6esbbrr	58	23	unions	union	NNS
cord-285458-g6esbbrr	58	24	(	(	-LRB-
cord-285458-g6esbbrr	58	25	federations	federation	NNS
cord-285458-g6esbbrr	58	26	and	and	CC
cord-285458-g6esbbrr	58	27	confederations	confederation	NNS
cord-285458-g6esbbrr	58	28	)	)	-RRB-
cord-285458-g6esbbrr	58	29	.	.	.
cord-285458-g6esbbrr	59	1	On	on	IN
cord-285458-g6esbbrr	59	2	the	the	DT
cord-285458-g6esbbrr	59	3	horizontal	horizontal	JJ
cord-285458-g6esbbrr	59	4	axes	axis	NNS
cord-285458-g6esbbrr	59	5	,	,	,
cord-285458-g6esbbrr	59	6	fi	fi	NNP
cord-285458-g6esbbrr	59	7	scal	scal	NNP
cord-285458-g6esbbrr	59	8	policy	policy	NN
cord-285458-g6esbbrr	59	9	moves	move	NNS
cord-285458-g6esbbrr	59	10	from	from	IN
cord-285458-g6esbbrr	59	11	tight	tight	JJ
cord-285458-g6esbbrr	59	12	fi	fi	NNP
cord-285458-g6esbbrr	59	13	scal	scal	NNP
cord-285458-g6esbbrr	59	14	controls	control	NNS
cord-285458-g6esbbrr	59	15	exerted	exert	VBN
cord-285458-g6esbbrr	59	16	by	by	IN
cord-285458-g6esbbrr	59	17	the	the	DT
cord-285458-g6esbbrr	59	18	federal	federal	JJ
cord-285458-g6esbbrr	59	19	government	government	NN
cord-285458-g6esbbrr	59	20	to	to	IN
cord-285458-g6esbbrr	59	21	larger	large	JJR
cord-285458-g6esbbrr	59	22	discretion	discretion	NN
cord-285458-g6esbbrr	59	23	for	for	IN
cord-285458-g6esbbrr	59	24	lower	low	JJR
cord-285458-g6esbbrr	59	25	levels	level	NNS
cord-285458-g6esbbrr	59	26	of	of	IN
cord-285458-g6esbbrr	59	27	government	government	NN
cord-285458-g6esbbrr	59	28	.	.	.
cord-285458-g6esbbrr	60	1	The	the	DT
cord-285458-g6esbbrr	60	2	EMU	emu	NN
cord-285458-g6esbbrr	60	3	is	be	VBZ
cord-285458-g6esbbrr	60	4	now	now	RB
cord-285458-g6esbbrr	60	5	situated	situate	VBN
cord-285458-g6esbbrr	60	6	in	in	IN
cord-285458-g6esbbrr	60	7	the	the	DT
cord-285458-g6esbbrr	60	8	bottom	bottom	NN
cord-285458-g6esbbrr	60	9	left	leave	VBN
cord-285458-g6esbbrr	60	10	quadrant	quadrant	NN
cord-285458-g6esbbrr	60	11	where	where	WRB
cord-285458-g6esbbrr	60	12	political	political	JJ
cord-285458-g6esbbrr	60	13	tensions	tension	NNS
cord-285458-g6esbbrr	60	14	and	and	CC
cord-285458-g6esbbrr	60	15	the	the	DT
cord-285458-g6esbbrr	60	16	risk	risk	NN
cord-285458-g6esbbrr	60	17	of	of	IN
cord-285458-g6esbbrr	60	18	fi	fi	NNP
cord-285458-g6esbbrr	60	19	nancial	nancial	JJ
cord-285458-g6esbbrr	60	20	instability	instability	NN
cord-285458-g6esbbrr	60	21	are	be	VBP
cord-285458-g6esbbrr	60	22	not	not	RB
cord-285458-g6esbbrr	60	23	excluded	exclude	VBN
cord-285458-g6esbbrr	60	24	.	.	.
cord-285458-g6esbbrr	61	1	This	this	DT
cord-285458-g6esbbrr	61	2	is	be	VBZ
cord-285458-g6esbbrr	61	3	true	true	JJ
cord-285458-g6esbbrr	61	4	despite	despite	IN
cord-285458-g6esbbrr	61	5	the	the	DT
cord-285458-g6esbbrr	61	6	creation	creation	NN
cord-285458-g6esbbrr	61	7	of	of	IN
cord-285458-g6esbbrr	61	8	the	the	DT
cord-285458-g6esbbrr	61	9	ESM	ESM	NNP
cord-285458-g6esbbrr	61	10	and	and	CC
cord-285458-g6esbbrr	61	11	the	the	DT
cord-285458-g6esbbrr	61	12	fact	fact	NN
cord-285458-g6esbbrr	61	13	that	that	IN
cord-285458-g6esbbrr	61	14	the	the	DT
cord-285458-g6esbbrr	61	15	possible	possible	JJ
cord-285458-g6esbbrr	61	16	completion	completion	NN
cord-285458-g6esbbrr	61	17	of	of	IN
cord-285458-g6esbbrr	61	18	the	the	DT
cord-285458-g6esbbrr	61	19	banking	banking	NN
cord-285458-g6esbbrr	61	20	union	union	NN
cord-285458-g6esbbrr	61	21	could	could	MD
cord-285458-g6esbbrr	61	22	allow	allow	VB
cord-285458-g6esbbrr	61	23	for	for	IN
cord-285458-g6esbbrr	61	24	the	the	DT
cord-285458-g6esbbrr	61	25	reduction	reduction	NN
cord-285458-g6esbbrr	61	26	of	of	IN
cord-285458-g6esbbrr	61	27	the	the	DT
cord-285458-g6esbbrr	61	28	most	most	RBS
cord-285458-g6esbbrr	61	29	extreme	extreme	JJ
cord-285458-g6esbbrr	61	30	consequences	consequence	NNS
cord-285458-g6esbbrr	61	31	of	of	IN
cord-285458-g6esbbrr	61	32	a	a	DT
cord-285458-g6esbbrr	61	33	fi	fi	NN
cord-285458-g6esbbrr	61	34	nancial	nancial	JJ
cord-285458-g6esbbrr	61	35	crisis	crisis	NN
cord-285458-g6esbbrr	61	36	.	.	.
cord-285458-g6esbbrr	62	1	The	the	DT
cord-285458-g6esbbrr	62	2	EMU	EMU	NNP
cord-285458-g6esbbrr	62	3	,	,	,
cord-285458-g6esbbrr	62	4	at	at	IN
cord-285458-g6esbbrr	62	5	present	present	NN
cord-285458-g6esbbrr	62	6	,	,	,
cord-285458-g6esbbrr	62	7	shares	share	NNS
cord-285458-g6esbbrr	62	8	some	some	DT
cord-285458-g6esbbrr	62	9	features	feature	NNS
cord-285458-g6esbbrr	62	10	of	of	IN
cord-285458-g6esbbrr	62	11	centralised	centralised	JJ
cord-285458-g6esbbrr	62	12	models	model	NNS
cord-285458-g6esbbrr	62	13	of	of	IN
cord-285458-g6esbbrr	62	14	federations	federation	NNS
cord-285458-g6esbbrr	62	15	based	base	VBN
cord-285458-g6esbbrr	62	16	on	on	IN
cord-285458-g6esbbrr	62	17	the	the	DT
cord-285458-g6esbbrr	62	18	relatively	relatively	RB
cord-285458-g6esbbrr	62	19	strict	strict	JJ
cord-285458-g6esbbrr	62	20	fi	fi	NN
cord-285458-g6esbbrr	62	21	scal	scal	NN
cord-285458-g6esbbrr	62	22	rules	rule	NNS
cord-285458-g6esbbrr	62	23	often	often	RB
cord-285458-g6esbbrr	62	24	associated	associate	VBN
cord-285458-g6esbbrr	62	25	with	with	IN
cord-285458-g6esbbrr	62	26	administrative	administrative	JJ
cord-285458-g6esbbrr	62	27	sanctions	sanction	NNS
cord-285458-g6esbbrr	62	28	and	and	CC
cord-285458-g6esbbrr	62	29	mild	mild	JJ
cord-285458-g6esbbrr	62	30	market	market	NN
cord-285458-g6esbbrr	62	31	discipline	discipline	NN
cord-285458-g6esbbrr	62	32	since	since	IN
cord-285458-g6esbbrr	62	33	member	member	NN
cord-285458-g6esbbrr	62	34	state	state	NN
cord-285458-g6esbbrr	62	35	bailout	bailout	NN
cord-285458-g6esbbrr	62	36	is	be	VBZ
cord-285458-g6esbbrr	62	37	de	de	FW
cord-285458-g6esbbrr	62	38	facto	facto	FW
cord-285458-g6esbbrr	62	39	no	no	RB
cord-285458-g6esbbrr	62	40	longer	long	RBR
cord-285458-g6esbbrr	62	41	excluded	exclude	VBN
cord-285458-g6esbbrr	62	42	.	.	.
cord-285458-g6esbbrr	63	1	However	however	RB
cord-285458-g6esbbrr	63	2	,	,	,
cord-285458-g6esbbrr	63	3	the	the	DT
cord-285458-g6esbbrr	63	4	EMU	emu	NN
cord-285458-g6esbbrr	63	5	lacks	lack	VBZ
cord-285458-g6esbbrr	63	6	the	the	DT
cord-285458-g6esbbrr	63	7	central	central	JJ
cord-285458-g6esbbrr	63	8	instruments	instrument	NNS
cord-285458-g6esbbrr	63	9	needed	need	VBD
cord-285458-g6esbbrr	63	10	to	to	TO
cord-285458-g6esbbrr	63	11	make	make	VB
cord-285458-g6esbbrr	63	12	this	this	DT
cord-285458-g6esbbrr	63	13	model	model	NN
cord-285458-g6esbbrr	63	14	fully	fully	RB
cord-285458-g6esbbrr	63	15	sustainable	sustainable	JJ
cord-285458-g6esbbrr	63	16	and	and	CC
cord-285458-g6esbbrr	63	17	resilient	resilient	JJ
cord-285458-g6esbbrr	63	18	.	.	.
cord-285458-g6esbbrr	64	1	Common	common	JJ
cord-285458-g6esbbrr	64	2	schemes	scheme	NNS
cord-285458-g6esbbrr	64	3	to	to	TO
cord-285458-g6esbbrr	64	4	address	address	VB
cord-285458-g6esbbrr	64	5	a	a	DT
cord-285458-g6esbbrr	64	6	common	common	JJ
cord-285458-g6esbbrr	64	7	real	real	JJ
cord-285458-g6esbbrr	64	8	economy	economy	NN
cord-285458-g6esbbrr	64	9	shock	shock	NN
cord-285458-g6esbbrr	64	10	are	be	VBP
cord-285458-g6esbbrr	64	11	absent	absent	JJ
cord-285458-g6esbbrr	64	12	.	.	.
cord-285458-g6esbbrr	65	1	National	national	JJ
cord-285458-g6esbbrr	65	2	governments	government	NNS
cord-285458-g6esbbrr	65	3	remain	remain	VBP
cord-285458-g6esbbrr	65	4	reluctant	reluctant	JJ
cord-285458-g6esbbrr	65	5	to	to	TO
cord-285458-g6esbbrr	65	6	move	move	VB
cord-285458-g6esbbrr	65	7	towards	towards	IN
cord-285458-g6esbbrr	65	8	a	a	DT
cord-285458-g6esbbrr	65	9	minimal	minimal	JJ
cord-285458-g6esbbrr	65	10	fi	fi	NN
cord-285458-g6esbbrr	65	11	scal	scal	NNP
cord-285458-g6esbbrr	65	12	union	union	NN
cord-285458-g6esbbrr	65	13	with	with	IN
cord-285458-g6esbbrr	65	14	stronger	strong	JJR
cord-285458-g6esbbrr	65	15	spending	spending	NN
cord-285458-g6esbbrr	65	16	responsibilities	responsibility	NNS
cord-285458-g6esbbrr	65	17	and	and	CC
cord-285458-g6esbbrr	65	18	coercive	coercive	JJ
cord-285458-g6esbbrr	65	19	powers	power	NNS
cord-285458-g6esbbrr	65	20	at	at	IN
cord-285458-g6esbbrr	65	21	the	the	DT
cord-285458-g6esbbrr	65	22	EMU	emu	NN
cord-285458-g6esbbrr	65	23	level	level	NN
cord-285458-g6esbbrr	65	24	(	(	-LRB-
cord-285458-g6esbbrr	65	25	moving	move	VBG
cord-285458-g6esbbrr	65	26	to	to	IN
cord-285458-g6esbbrr	65	27	the	the	DT
cord-285458-g6esbbrr	65	28	upper	upper	JJ
cord-285458-g6esbbrr	65	29	left	left	JJ
cord-285458-g6esbbrr	65	30	quadrant	quadrant	NN
cord-285458-g6esbbrr	65	31	)	)	-RRB-
cord-285458-g6esbbrr	65	32	.	.	.
cord-285458-g6esbbrr	66	1	The	the	DT
cord-285458-g6esbbrr	66	2	resources	resource	NNS
cord-285458-g6esbbrr	66	3	that	that	WDT
cord-285458-g6esbbrr	66	4	will	will	MD
cord-285458-g6esbbrr	66	5	be	be	VB
cord-285458-g6esbbrr	66	6	mobilised	mobilise	VBN
cord-285458-g6esbbrr	66	7	at	at	IN
cord-285458-g6esbbrr	66	8	the	the	DT
cord-285458-g6esbbrr	66	9	EU	EU	NNP
cord-285458-g6esbbrr	66	10	 	 	_SP
cord-285458-g6esbbrr	66	11	level	level	NN
cord-285458-g6esbbrr	66	12	through	through	IN
cord-285458-g6esbbrr	66	13	the	the	DT
cord-285458-g6esbbrr	66	14	Next	Next	NNP
cord-285458-g6esbbrr	66	15	Generation	Generation	NNP
cord-285458-g6esbbrr	66	16	EU	EU	NNP
cord-285458-g6esbbrr	66	17	instrument	instrument	NN
cord-285458-g6esbbrr	66	18	could	could	MD
cord-285458-g6esbbrr	66	19	push	push	VB
cord-285458-g6esbbrr	66	20	the	the	DT
cord-285458-g6esbbrr	66	21	EMU	emu	NN
cord-285458-g6esbbrr	66	22	(	(	-LRB-
cord-285458-g6esbbrr	66	23	EU	EU	NNP
cord-285458-g6esbbrr	66	24	)	)	-RRB-
cord-285458-g6esbbrr	66	25	towards	towards	IN
cord-285458-g6esbbrr	66	26	the	the	DT
cord-285458-g6esbbrr	66	27	upper	upper	JJ
cord-285458-g6esbbrr	66	28	quadrants	quadrant	NNS
cord-285458-g6esbbrr	66	29	,	,	,
cord-285458-g6esbbrr	66	30	especially	especially	RB
cord-285458-g6esbbrr	66	31	if	if	IN
cord-285458-g6esbbrr	66	32	new	new	JJ
cord-285458-g6esbbrr	66	33	EU	EU	NNP
cord-285458-g6esbbrr	66	34	own	own	JJ
cord-285458-g6esbbrr	66	35	budget	budget	NN
cord-285458-g6esbbrr	66	36	sources	source	NNS
cord-285458-g6esbbrr	66	37	are	be	VBP
cord-285458-g6esbbrr	66	38	to	to	TO
cord-285458-g6esbbrr	66	39	be	be	VB
cord-285458-g6esbbrr	66	40	set	set	VBN
cord-285458-g6esbbrr	66	41	up	up	RP
cord-285458-g6esbbrr	66	42	and	and	CC
cord-285458-g6esbbrr	66	43	at	at	IN
cord-285458-g6esbbrr	66	44	least	least	JJS
cord-285458-g6esbbrr	66	45	part	part	NN
cord-285458-g6esbbrr	66	46	of	of	IN
cord-285458-g6esbbrr	66	47	the	the	DT
cord-285458-g6esbbrr	66	48	common	common	JJ
cord-285458-g6esbbrr	66	49	debt	debt	NN
cord-285458-g6esbbrr	66	50	is	be	VBZ
cord-285458-g6esbbrr	66	51	rolled	roll	VBN
cord-285458-g6esbbrr	66	52	over	over	RP
cord-285458-g6esbbrr	66	53	,	,	,
cord-285458-g6esbbrr	66	54	to	to	TO
cord-285458-g6esbbrr	66	55	attain	attain	VB
cord-285458-g6esbbrr	66	56	a	a	DT
cord-285458-g6esbbrr	66	57	permanent	permanent	JJ
cord-285458-g6esbbrr	66	58	increase	increase	NN
cord-285458-g6esbbrr	66	59	in	in	IN
cord-285458-g6esbbrr	66	60	the	the	DT
cord-285458-g6esbbrr	66	61	size	size	NN
cord-285458-g6esbbrr	66	62	of	of	IN
cord-285458-g6esbbrr	66	63	the	the	DT
cord-285458-g6esbbrr	66	64	EU	EU	NNP
cord-285458-g6esbbrr	66	65	budget	budget	NN
cord-285458-g6esbbrr	66	66	.	.	.
cord-285458-g6esbbrr	67	1	Against	against	IN
cord-285458-g6esbbrr	67	2	this	this	DT
cord-285458-g6esbbrr	67	3	background	background	NN
cord-285458-g6esbbrr	67	4	,	,	,
cord-285458-g6esbbrr	67	5	it	-PRON-	PRP
cord-285458-g6esbbrr	67	6	is	be	VBZ
cord-285458-g6esbbrr	67	7	crucial	crucial	JJ
cord-285458-g6esbbrr	67	8	to	to	TO
cord-285458-g6esbbrr	67	9	highlight	highlight	VB
cord-285458-g6esbbrr	67	10	a	a	DT
cord-285458-g6esbbrr	67	11	basic	basic	JJ
cord-285458-g6esbbrr	67	12	principle	principle	NN
cord-285458-g6esbbrr	67	13	emerging	emerge	VBG
cord-285458-g6esbbrr	67	14	from	from	IN
cord-285458-g6esbbrr	67	15	present	present	JJ
cord-285458-g6esbbrr	67	16	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	67	17	realities	reality	NNS
cord-285458-g6esbbrr	67	18	and	and	CC
cord-285458-g6esbbrr	67	19	the	the	DT
cord-285458-g6esbbrr	67	20	EMU	emu	NN
cord-285458-g6esbbrr	67	21	experience	experience	NN
cord-285458-g6esbbrr	67	22	:	:	:
cord-285458-g6esbbrr	68	1	The	the	DT
cord-285458-g6esbbrr	68	2	larger	large	JJR
cord-285458-g6esbbrr	68	3	the	the	DT
cord-285458-g6esbbrr	68	4	common	common	JJ
cord-285458-g6esbbrr	68	5	countercyclical	countercyclical	JJ
cord-285458-g6esbbrr	68	6	and	and	CC
cord-285458-g6esbbrr	68	7	investment	investment	NN
cord-285458-g6esbbrr	68	8	instruments	instrument	NNS
cord-285458-g6esbbrr	68	9	permanently	permanently	RB
cord-285458-g6esbbrr	68	10	available	available	JJ
cord-285458-g6esbbrr	68	11	,	,	,
cord-285458-g6esbbrr	68	12	the	the	DT
cord-285458-g6esbbrr	68	13	stricter	strict	JJR
cord-285458-g6esbbrr	68	14	the	the	DT
cord-285458-g6esbbrr	68	15	oversight	oversight	NN
cord-285458-g6esbbrr	68	16	and	and	CC
cord-285458-g6esbbrr	68	17	the	the	DT
cord-285458-g6esbbrr	68	18	constraints	constraint	NNS
cord-285458-g6esbbrr	68	19	on	on	IN
cord-285458-g6esbbrr	68	20	national	national	JJ
cord-285458-g6esbbrr	68	21	public	public	NN
cord-285458-g6esbbrr	68	22	fi	fi	NN
cord-285458-g6esbbrr	68	23	nances	nance	NNS
cord-285458-g6esbbrr	68	24	,	,	,
cord-285458-g6esbbrr	68	25	also	also	RB
cord-285458-g6esbbrr	68	26	by	by	IN
cord-285458-g6esbbrr	68	27	means	mean	NNS
cord-285458-g6esbbrr	68	28	of	of	IN
cord-285458-g6esbbrr	68	29	stringent	stringent	JJ
cord-285458-g6esbbrr	68	30	fi	fi	NN
cord-285458-g6esbbrr	68	31	scal	scal	NN
cord-285458-g6esbbrr	68	32	rules	rule	NNS
cord-285458-g6esbbrr	68	33	.	.	.
cord-285458-g6esbbrr	69	1	However	however	RB
cord-285458-g6esbbrr	69	2	,	,	,
cord-285458-g6esbbrr	69	3	although	although	IN
cord-285458-g6esbbrr	69	4	the	the	DT
cord-285458-g6esbbrr	69	5	agreement	agreement	NN
cord-285458-g6esbbrr	69	6	on	on	IN
cord-285458-g6esbbrr	69	7	the	the	DT
cord-285458-g6esbbrr	69	8	recovery	recovery	NN
cord-285458-g6esbbrr	69	9	facility	facility	NN
cord-285458-g6esbbrr	69	10	represents	represent	VBZ
cord-285458-g6esbbrr	69	11	a	a	DT
cord-285458-g6esbbrr	69	12	polar	polar	JJ
cord-285458-g6esbbrr	69	13	step	step	NN
cord-285458-g6esbbrr	69	14	in	in	IN
cord-285458-g6esbbrr	69	15	the	the	DT
cord-285458-g6esbbrr	69	16	right	right	JJ
cord-285458-g6esbbrr	69	17	direction	direction	NN
cord-285458-g6esbbrr	69	18	by	by	IN
cord-285458-g6esbbrr	69	19	providing	provide	VBG
cord-285458-g6esbbrr	69	20	crucial	crucial	JJ
cord-285458-g6esbbrr	69	21	support	support	NN
cord-285458-g6esbbrr	69	22	to	to	IN
cord-285458-g6esbbrr	69	23	national	national	JJ
cord-285458-g6esbbrr	69	24	budgets	budget	NNS
cord-285458-g6esbbrr	69	25	,	,	,
cord-285458-g6esbbrr	69	26	they	-PRON-	PRP
cord-285458-g6esbbrr	69	27	will	will	MD
cord-285458-g6esbbrr	69	28	continue	continue	VB
cord-285458-g6esbbrr	69	29	to	to	TO
cord-285458-g6esbbrr	69	30	play	play	VB
cord-285458-g6esbbrr	69	31	a	a	DT
cord-285458-g6esbbrr	69	32	key	key	JJ
cord-285458-g6esbbrr	69	33	role	role	NN
cord-285458-g6esbbrr	69	34	in	in	IN
cord-285458-g6esbbrr	69	35	order	order	NN
cord-285458-g6esbbrr	69	36	to	to	TO
cord-285458-g6esbbrr	69	37	achieve	achieve	VB
cord-285458-g6esbbrr	69	38	the	the	DT
cord-285458-g6esbbrr	69	39	goals	goal	NNS
cord-285458-g6esbbrr	69	40	of	of	IN
cord-285458-g6esbbrr	69	41	attaining	attain	VBG
cord-285458-g6esbbrr	69	42	full	full	JJ
cord-285458-g6esbbrr	69	43	recovery	recovery	NN
cord-285458-g6esbbrr	69	44	and	and	CC
cord-285458-g6esbbrr	69	45	ensuring	ensure	VBG
cord-285458-g6esbbrr	69	46	a	a	DT
cord-285458-g6esbbrr	69	47	proper	proper	JJ
cord-285458-g6esbbrr	69	48	level	level	NN
cord-285458-g6esbbrr	69	49	of	of	IN
cord-285458-g6esbbrr	69	50	growth	growth	NN
cord-285458-g6esbbrr	69	51	-	-	HYPH
cord-285458-g6esbbrr	69	52	enhancing	enhance	VBG
cord-285458-g6esbbrr	69	53	spending	spending	NN
cord-285458-g6esbbrr	69	54	.	.	.
cord-285458-g6esbbrr	70	1	The	the	DT
cord-285458-g6esbbrr	70	2	temporary	temporary	JJ
cord-285458-g6esbbrr	70	3	nature	nature	NN
cord-285458-g6esbbrr	70	4	of	of	IN
cord-285458-g6esbbrr	70	5	the	the	DT
cord-285458-g6esbbrr	70	6	recovery	recovery	NN
cord-285458-g6esbbrr	70	7	instrument	instrument	NN
cord-285458-g6esbbrr	70	8	will	will	MD
cord-285458-g6esbbrr	70	9	also	also	RB
cord-285458-g6esbbrr	70	10	require	require	VB
cord-285458-g6esbbrr	70	11	,	,	,
cord-285458-g6esbbrr	70	12	in	in	IN
cord-285458-g6esbbrr	70	13	the	the	DT
cord-285458-g6esbbrr	70	14	future	future	NN
cord-285458-g6esbbrr	70	15	,	,	,
cord-285458-g6esbbrr	70	16	that	that	IN
cord-285458-g6esbbrr	70	17	national	national	JJ
cord-285458-g6esbbrr	70	18	budgets	budget	NNS
cord-285458-g6esbbrr	70	19	are	be	VBP
cord-285458-g6esbbrr	70	20	able	able	JJ
cord-285458-g6esbbrr	70	21	to	to	TO
cord-285458-g6esbbrr	70	22	keep	keep	VB
cord-285458-g6esbbrr	70	23	ensuring	ensure	VBG
cord-285458-g6esbbrr	70	24	the	the	DT
cord-285458-g6esbbrr	70	25	fi	fi	NN
cord-285458-g6esbbrr	70	26	nancing	nancing	NN
cord-285458-g6esbbrr	70	27	of	of	IN
cord-285458-g6esbbrr	70	28	some	some	DT
cord-285458-g6esbbrr	70	29	of	of	IN
cord-285458-g6esbbrr	70	30	the	the	DT
cord-285458-g6esbbrr	70	31	main	main	JJ
cord-285458-g6esbbrr	70	32	long	long	JJ
cord-285458-g6esbbrr	70	33	-	-	HYPH
cord-285458-g6esbbrr	70	34	term	term	NN
cord-285458-g6esbbrr	70	35	investment	investment	NN
cord-285458-g6esbbrr	70	36	programmes	programme	NNS
cord-285458-g6esbbrr	70	37	activated	activate	VBN
cord-285458-g6esbbrr	70	38	today	today	NN
cord-285458-g6esbbrr	70	39	by	by	IN
cord-285458-g6esbbrr	70	40	common	common	JJ
cord-285458-g6esbbrr	70	41	borrowing	borrowing	NN
cord-285458-g6esbbrr	70	42	.	.	.
cord-285458-g6esbbrr	71	1	All	all	PDT
cord-285458-g6esbbrr	71	2	these	these	DT
cord-285458-g6esbbrr	71	3	considerations	consideration	NNS
cord-285458-g6esbbrr	71	4	support	support	VBP
cord-285458-g6esbbrr	71	5	the	the	DT
cord-285458-g6esbbrr	71	6	case	case	NN
cord-285458-g6esbbrr	71	7	for	for	IN
cord-285458-g6esbbrr	71	8	conceiving	conceive	VBG
cord-285458-g6esbbrr	71	9	the	the	DT
cord-285458-g6esbbrr	71	10	future	future	JJ
cord-285458-g6esbbrr	71	11	economic	economic	JJ
cord-285458-g6esbbrr	71	12	governance	governance	NN
cord-285458-g6esbbrr	71	13	in	in	IN
cord-285458-g6esbbrr	71	14	a	a	DT
cord-285458-g6esbbrr	71	15	way	way	NN
cord-285458-g6esbbrr	71	16	that	that	WDT
cord-285458-g6esbbrr	71	17	guarantees	guarantee	VBZ
cord-285458-g6esbbrr	71	18	greater	great	JJR
cord-285458-g6esbbrr	71	19	room	room	NN
cord-285458-g6esbbrr	71	20	for	for	IN
cord-285458-g6esbbrr	71	21	manoeuvres	manoeuvre	NNS
cord-285458-g6esbbrr	71	22	at	at	IN
cord-285458-g6esbbrr	71	23	the	the	DT
cord-285458-g6esbbrr	71	24	national	national	JJ
cord-285458-g6esbbrr	71	25	level	level	NN
cord-285458-g6esbbrr	71	26	,	,	,
cord-285458-g6esbbrr	71	27	while	while	IN
cord-285458-g6esbbrr	71	28	promoting	promote	VBG
cord-285458-g6esbbrr	71	29	high	high	JJ
cord-285458-g6esbbrr	71	30	quality	quality	NN
cord-285458-g6esbbrr	71	31	policymaking	policymaking	NN
cord-285458-g6esbbrr	71	32	and	and	CC
cord-285458-g6esbbrr	71	33	preserving	preserve	VBG
cord-285458-g6esbbrr	71	34	debt	debt	NN
cord-285458-g6esbbrr	71	35	sustainability	sustainability	NN
cord-285458-g6esbbrr	71	36	.	.	.
cord-285458-g6esbbrr	72	1	Against	against	IN
cord-285458-g6esbbrr	72	2	this	this	DT
cord-285458-g6esbbrr	72	3	background	background	NN
cord-285458-g6esbbrr	72	4	,	,	,
cord-285458-g6esbbrr	72	5	it	-PRON-	PRP
cord-285458-g6esbbrr	72	6	has	have	VBZ
cord-285458-g6esbbrr	72	7	been	be	VBN
cord-285458-g6esbbrr	72	8	argued	argue	VBN
cord-285458-g6esbbrr	72	9	that	that	IN
cord-285458-g6esbbrr	72	10	the	the	DT
cord-285458-g6esbbrr	72	11	peculiar	peculiar	JJ
cord-285458-g6esbbrr	72	12	features	feature	NNS
cord-285458-g6esbbrr	72	13	of	of	IN
cord-285458-g6esbbrr	72	14	the	the	DT
cord-285458-g6esbbrr	72	15	EMU	emu	NN
cord-285458-g6esbbrr	72	16	would	would	MD
cord-285458-g6esbbrr	72	17	fi	fi	VB
cord-285458-g6esbbrr	72	18	t	t	XX
cord-285458-g6esbbrr	72	19	better	well	RBR
cord-285458-g6esbbrr	72	20	with	with	IN
cord-285458-g6esbbrr	72	21	a	a	DT
cord-285458-g6esbbrr	72	22	decentralised	decentralised	JJ
cord-285458-g6esbbrr	72	23	system	system	NN
cord-285458-g6esbbrr	72	24	based	base	VBN
cord-285458-g6esbbrr	72	25	on	on	IN
cord-285458-g6esbbrr	72	26	larger	large	JJR
cord-285458-g6esbbrr	72	27	discretion	discretion	NN
cord-285458-g6esbbrr	72	28	and	and	CC
cord-285458-g6esbbrr	72	29	more	more	JJR
cord-285458-g6esbbrr	72	30	cooperation	cooperation	NN
cord-285458-g6esbbrr	72	31	on	on	IN
cord-285458-g6esbbrr	72	32	setting	set	VBG
cord-285458-g6esbbrr	72	33	fi	fi	NNP
cord-285458-g6esbbrr	72	34	scal	scal	NNP
cord-285458-g6esbbrr	72	35	targets	target	NNS
cord-285458-g6esbbrr	72	36	(	(	-LRB-
cord-285458-g6esbbrr	72	37	Wyplosz	Wyplosz	NNP
cord-285458-g6esbbrr	72	38	,	,	,
cord-285458-g6esbbrr	72	39	2013	2013	CD
cord-285458-g6esbbrr	72	40	)	)	-RRB-
cord-285458-g6esbbrr	72	41	.	.	.
cord-285458-g6esbbrr	73	1	In	in	IN
cord-285458-g6esbbrr	73	2	fact	fact	NN
cord-285458-g6esbbrr	73	3	,	,	,
cord-285458-g6esbbrr	73	4	despite	despite	IN
cord-285458-g6esbbrr	73	5	diffi	diffi	NNP
cord-285458-g6esbbrr	73	6	culties	cultie	NNS
cord-285458-g6esbbrr	73	7	in	in	IN
cord-285458-g6esbbrr	73	8	the	the	DT
cord-285458-g6esbbrr	73	9	optimal	optimal	JJ
cord-285458-g6esbbrr	73	10	design	design	NN
cord-285458-g6esbbrr	73	11	of	of	IN
cord-285458-g6esbbrr	73	12	fi	fi	NNP
cord-285458-g6esbbrr	73	13	scal	scal	NNP
cord-285458-g6esbbrr	73	14	rules	rule	NNS
cord-285458-g6esbbrr	73	15	and	and	CC
cord-285458-g6esbbrr	73	16	limited	limited	JJ
cord-285458-g6esbbrr	73	17	transfers	transfer	NNS
cord-285458-g6esbbrr	73	18	fl	fl	NNP
cord-285458-g6esbbrr	73	19	owing	owe	VBG
cord-285458-g6esbbrr	73	20	from	from	IN
cord-285458-g6esbbrr	73	21	the	the	DT
cord-285458-g6esbbrr	73	22	EU	EU	NNP
cord-285458-g6esbbrr	73	23	level	level	NN
cord-285458-g6esbbrr	73	24	,	,	,
cord-285458-g6esbbrr	73	25	full	full	JJ
cord-285458-g6esbbrr	73	26	sovereignty	sovereignty	NN
cord-285458-g6esbbrr	73	27	on	on	IN
cord-285458-g6esbbrr	73	28	taxation	taxation	NN
cord-285458-g6esbbrr	73	29	remains	remain	VBZ
cord-285458-g6esbbrr	73	30	a	a	DT
cord-285458-g6esbbrr	73	31	prerogative	prerogative	NN
cord-285458-g6esbbrr	73	32	of	of	IN
cord-285458-g6esbbrr	73	33	member	member	NN
cord-285458-g6esbbrr	73	34	states	state	NNS
cord-285458-g6esbbrr	73	35	,	,	,
cord-285458-g6esbbrr	73	36	who	who	WP
cord-285458-g6esbbrr	73	37	are	be	VBP
cord-285458-g6esbbrr	73	38	also	also	RB
cord-285458-g6esbbrr	73	39	likely	likely	JJ
cord-285458-g6esbbrr	73	40	to	to	TO
cord-285458-g6esbbrr	73	41	retain	retain	VB
cord-285458-g6esbbrr	73	42	signifi	signifi	NNP
cord-285458-g6esbbrr	73	43	ca	can	MD
cord-285458-g6esbbrr	73	44	nt	not	RB
cord-285458-g6esbbrr	73	45	divergences	divergence	NNS
cord-285458-g6esbbrr	73	46	in	in	IN
cord-285458-g6esbbrr	73	47	fi	fi	NNP
cord-285458-g6esbbrr	73	48	scal	scal	NNP
cord-285458-g6esbbrr	73	49	policy	policy	NN
cord-285458-g6esbbrr	73	50	preferences	preference	NNS
cord-285458-g6esbbrr	73	51	.	.	.
cord-285458-g6esbbrr	74	1	Moving	move	VBG
cord-285458-g6esbbrr	74	2	towards	towards	IN
cord-285458-g6esbbrr	74	3	a	a	DT
cord-285458-g6esbbrr	74	4	decentralised	decentralised	JJ
cord-285458-g6esbbrr	74	5	model	model	NN
cord-285458-g6esbbrr	74	6	would	would	MD
cord-285458-g6esbbrr	74	7	also	also	RB
cord-285458-g6esbbrr	74	8	reinforce	reinforce	VB
cord-285458-g6esbbrr	74	9	market	market	NN
cord-285458-g6esbbrr	74	10	discipline	discipline	NN
cord-285458-g6esbbrr	74	11	to	to	TO
cord-285458-g6esbbrr	74	12	avoid	avoid	VB
cord-285458-g6esbbrr	74	13	the	the	DT
cord-285458-g6esbbrr	74	14	risk	risk	NN
cord-285458-g6esbbrr	74	15	of	of	IN
cord-285458-g6esbbrr	74	16	fi	fi	NNP
cord-285458-g6esbbrr	74	17	scal	scal	NNP
cord-285458-g6esbbrr	74	18	profl	profl	NNP
cord-285458-g6esbbrr	74	19	igacy	igacy	NNP
cord-285458-g6esbbrr	74	20	.	.	.
cord-285458-g6esbbrr	75	1	These	these	DT
cord-285458-g6esbbrr	75	2	considerations	consideration	NNS
cord-285458-g6esbbrr	75	3	contributed	contribute	VBD
cord-285458-g6esbbrr	75	4	,	,	,
cord-285458-g6esbbrr	75	5	before	before	IN
cord-285458-g6esbbrr	75	6	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	75	7	,	,	,
cord-285458-g6esbbrr	75	8	to	to	IN
cord-285458-g6esbbrr	75	9	a	a	DT
cord-285458-g6esbbrr	75	10	debate	debate	NN
cord-285458-g6esbbrr	75	11	on	on	IN
cord-285458-g6esbbrr	75	12	the	the	DT
cord-285458-g6esbbrr	75	13	opportunity	opportunity	NN
cord-285458-g6esbbrr	75	14	to	to	TO
cord-285458-g6esbbrr	75	15	strengthen	strengthen	VB
cord-285458-g6esbbrr	75	16	the	the	DT
cord-285458-g6esbbrr	75	17	no	no	DT
cord-285458-g6esbbrr	75	18	-	-	HYPH
cord-285458-g6esbbrr	75	19	bailout	bailout	NN
cord-285458-g6esbbrr	75	20	rule	rule	NN
cord-285458-g6esbbrr	75	21	found	find	VBN
cord-285458-g6esbbrr	75	22	in	in	IN
cord-285458-g6esbbrr	75	23	Article	Article	NNP
cord-285458-g6esbbrr	75	24	125	125	CD
cord-285458-g6esbbrr	75	25	of	of	IN
cord-285458-g6esbbrr	75	26	the	the	DT
cord-285458-g6esbbrr	75	27	Treaty	Treaty	NNP
cord-285458-g6esbbrr	75	28	on	on	IN
cord-285458-g6esbbrr	75	29	the	the	DT
cord-285458-g6esbbrr	75	30	Functioning	functioning	NN
cord-285458-g6esbbrr	75	31	of	of	IN
cord-285458-g6esbbrr	75	32	the	the	DT
cord-285458-g6esbbrr	75	33	European	European	NNP
cord-285458-g6esbbrr	75	34	Union	Union	NNP
cord-285458-g6esbbrr	75	35	in	in	IN
cord-285458-g6esbbrr	75	36	order	order	NN
cord-285458-g6esbbrr	75	37	to	to	TO
cord-285458-g6esbbrr	75	38	:	:	:
cord-285458-g6esbbrr	75	39	i	i	PRP
cord-285458-g6esbbrr	75	40	)	)	-RRB-
cord-285458-g6esbbrr	75	41	provide	provide	VB
cord-285458-g6esbbrr	75	42	better	well	JJR
cord-285458-g6esbbrr	75	43	incentives	incentive	NNS
cord-285458-g6esbbrr	75	44	for	for	IN
cord-285458-g6esbbrr	75	45	sound	sound	JJ
cord-285458-g6esbbrr	75	46	policymaking	policymaking	NN
cord-285458-g6esbbrr	75	47	and	and	CC
cord-285458-g6esbbrr	75	48	reduce	reduce	VB
cord-285458-g6esbbrr	75	49	moral	moral	JJ
cord-285458-g6esbbrr	75	50	hazard	hazard	NN
cord-285458-g6esbbrr	75	51	risks	risk	NNS
cord-285458-g6esbbrr	75	52	;	;	:
cord-285458-g6esbbrr	75	53	ii	ii	LS
cord-285458-g6esbbrr	75	54	)	)	-RRB-
cord-285458-g6esbbrr	75	55	scale	scale	VB
cord-285458-g6esbbrr	75	56	down	down	RP
cord-285458-g6esbbrr	75	57	the	the	DT
cord-285458-g6esbbrr	75	58	current	current	JJ
cord-285458-g6esbbrr	75	59	rules	rule	NNS
cord-285458-g6esbbrr	75	60	-	-	HYPH
cord-285458-g6esbbrr	75	61	based	base	VBN
cord-285458-g6esbbrr	75	62	system	system	NN
cord-285458-g6esbbrr	75	63	,	,	,
cord-285458-g6esbbrr	75	64	providing	provide	VBG
cord-285458-g6esbbrr	75	65	space	space	NN
cord-285458-g6esbbrr	75	66	for	for	IN
cord-285458-g6esbbrr	75	67	tailoring	tailor	VBG
cord-285458-g6esbbrr	75	68	fi	fi	NNP
cord-285458-g6esbbrr	75	69	scal	scal	NNP
cord-285458-g6esbbrr	75	70	policy	policy	NN
cord-285458-g6esbbrr	75	71	to	to	IN
cord-285458-g6esbbrr	75	72	national	national	JJ
cord-285458-g6esbbrr	75	73	preferences	preference	NNS
cord-285458-g6esbbrr	75	74	within	within	IN
cord-285458-g6esbbrr	75	75	the	the	DT
cord-285458-g6esbbrr	75	76	limits	limit	NNS
cord-285458-g6esbbrr	75	77	set	set	VBN
cord-285458-g6esbbrr	75	78	by	by	IN
cord-285458-g6esbbrr	75	79	market	market	NN
cord-285458-g6esbbrr	75	80	assessments	assessment	NNS
cord-285458-g6esbbrr	75	81	;	;	:
cord-285458-g6esbbrr	75	82	iii	iii	LS
cord-285458-g6esbbrr	75	83	)	)	-RRB-
cord-285458-g6esbbrr	75	84	overcome	overcome	VBP
cord-285458-g6esbbrr	75	85	political	political	JJ
cord-285458-g6esbbrr	75	86	resistance	resistance	NN
cord-285458-g6esbbrr	75	87	towards	towards	IN
cord-285458-g6esbbrr	75	88	building	build	VBG
cord-285458-g6esbbrr	75	89	up	up	RP
cord-285458-g6esbbrr	75	90	needed	need	VBD
cord-285458-g6esbbrr	75	91	common	common	JJ
cord-285458-g6esbbrr	75	92	instruments	instrument	NNS
cord-285458-g6esbbrr	75	93	,	,	,
cord-285458-g6esbbrr	75	94	such	such	JJ
cord-285458-g6esbbrr	75	95	as	as	IN
cord-285458-g6esbbrr	75	96	a	a	DT
cord-285458-g6esbbrr	75	97	European	European	NNP
cord-285458-g6esbbrr	75	98	Deposit	Deposit	NNP
cord-285458-g6esbbrr	75	99	Insurance	Insurance	NNP
cord-285458-g6esbbrr	75	100	Scheme	Scheme	NNP
cord-285458-g6esbbrr	75	101	.	.	.
cord-285458-g6esbbrr	76	1	However	however	RB
cord-285458-g6esbbrr	76	2	,	,	,
cord-285458-g6esbbrr	76	3	this	this	DT
cord-285458-g6esbbrr	76	4	bright	bright	JJ
cord-285458-g6esbbrr	76	5	theoretical	theoretical	JJ
cord-285458-g6esbbrr	76	6	environment	environment	NN
cord-285458-g6esbbrr	76	7	confl	confl	NN
cord-285458-g6esbbrr	76	8	icts	ict	NNS
cord-285458-g6esbbrr	76	9	with	with	IN
cord-285458-g6esbbrr	76	10	reality	reality	NN
cord-285458-g6esbbrr	76	11	.	.	.
cord-285458-g6esbbrr	77	1	Indeed	indeed	RB
cord-285458-g6esbbrr	77	2	,	,	,
cord-285458-g6esbbrr	77	3	market	market	NN
cord-285458-g6esbbrr	77	4	assessment	assessment	NN
cord-285458-g6esbbrr	77	5	is	be	VBZ
cord-285458-g6esbbrr	77	6	characterised	characterise	VBN
cord-285458-g6esbbrr	77	7	by	by	IN
cord-285458-g6esbbrr	77	8	several	several	JJ
cord-285458-g6esbbrr	77	9	fl	fl	NNP
cord-285458-g6esbbrr	77	10	aws	aws	NNP
cord-285458-g6esbbrr	77	11	,	,	,
cord-285458-g6esbbrr	77	12	well	well	RB
cord-285458-g6esbbrr	77	13	observed	observe	VBD
cord-285458-g6esbbrr	77	14	during	during	IN
cord-285458-g6esbbrr	77	15	the	the	DT
cord-285458-g6esbbrr	77	16	Great	great	JJ
cord-285458-g6esbbrr	77	17	Recession	recession	NN
cord-285458-g6esbbrr	77	18	.	.	.
cord-285458-g6esbbrr	78	1	Markets	market	NNS
cord-285458-g6esbbrr	78	2	'	'	POS
cord-285458-g6esbbrr	78	3	perceptions	perception	NNS
cord-285458-g6esbbrr	78	4	are	be	VBP
cord-285458-g6esbbrr	78	5	pro	pro	JJ
cord-285458-g6esbbrr	78	6	-	-	JJ
cord-285458-g6esbbrr	78	7	cyclically	cyclically	RB
cord-285458-g6esbbrr	78	8	biased	biased	JJ
cord-285458-g6esbbrr	78	9	as	as	IN
cord-285458-g6esbbrr	78	10	they	-PRON-	PRP
cord-285458-g6esbbrr	78	11	tend	tend	VBP
cord-285458-g6esbbrr	78	12	to	to	TO
cord-285458-g6esbbrr	78	13	overlook	overlook	VB
cord-285458-g6esbbrr	78	14	risks	risk	NNS
cord-285458-g6esbbrr	78	15	in	in	IN
cord-285458-g6esbbrr	78	16	good	good	JJ
cord-285458-g6esbbrr	78	17	times	time	NNS
cord-285458-g6esbbrr	78	18	and	and	CC
cord-285458-g6esbbrr	78	19	be	be	VB
cord-285458-g6esbbrr	78	20	inclined	incline	VBN
cord-285458-g6esbbrr	78	21	to	to	TO
cord-285458-g6esbbrr	78	22	panic	panic	VB
cord-285458-g6esbbrr	78	23	in	in	IN
cord-285458-g6esbbrr	78	24	bad	bad	JJ
cord-285458-g6esbbrr	78	25	times	time	NNS
cord-285458-g6esbbrr	78	26	.	.	.
cord-285458-g6esbbrr	79	1	By	by	IN
cord-285458-g6esbbrr	79	2	overreacting	overreact	VBG
cord-285458-g6esbbrr	79	3	during	during	IN
cord-285458-g6esbbrr	79	4	a	a	DT
cord-285458-g6esbbrr	79	5	crisis	crisis	NN
cord-285458-g6esbbrr	79	6	period	period	NN
cord-285458-g6esbbrr	79	7	,	,	,
cord-285458-g6esbbrr	79	8	markets	market	NNS
cord-285458-g6esbbrr	79	9	can	can	MD
cord-285458-g6esbbrr	79	10	trigger	trigger	VB
cord-285458-g6esbbrr	79	11	a	a	DT
cord-285458-g6esbbrr	79	12	vicious	vicious	JJ
cord-285458-g6esbbrr	79	13	circle	circle	NN
cord-285458-g6esbbrr	79	14	of	of	IN
cord-285458-g6esbbrr	79	15	continuous	continuous	JJ
cord-285458-g6esbbrr	79	16	increases	increase	NNS
cord-285458-g6esbbrr	79	17	in	in	IN
cord-285458-g6esbbrr	79	18	interest	interest	NN
cord-285458-g6esbbrr	79	19	rates	rate	NNS
cord-285458-g6esbbrr	79	20	and	and	CC
cord-285458-g6esbbrr	79	21	deterioration	deterioration	NN
cord-285458-g6esbbrr	79	22	of	of	IN
cord-285458-g6esbbrr	79	23	sovereign	sovereign	JJ
cord-285458-g6esbbrr	79	24	debt	debt	NN
cord-285458-g6esbbrr	79	25	solvency	solvency	NN
cord-285458-g6esbbrr	79	26	,	,	,
cord-285458-g6esbbrr	79	27	generating	generate	VBG
cord-285458-g6esbbrr	79	28	self	self	NN
cord-285458-g6esbbrr	79	29	-	-	HYPH
cord-285458-g6esbbrr	79	30	fulfi	fulfi	NNP
cord-285458-g6esbbrr	79	31	lling	lling	NN
cord-285458-g6esbbrr	79	32	prophecies	prophecy	NNS
cord-285458-g6esbbrr	79	33	,	,	,
cord-285458-g6esbbrr	79	34	thus	thus	RB
cord-285458-g6esbbrr	79	35	turning	turn	VBG
cord-285458-g6esbbrr	79	36	simple	simple	JJ
cord-285458-g6esbbrr	79	37	liquidity	liquidity	NN
cord-285458-g6esbbrr	79	38	crises	crisis	NNS
cord-285458-g6esbbrr	79	39	into	into	IN
cord-285458-g6esbbrr	79	40	solvency	solvency	NN
cord-285458-g6esbbrr	79	41	crises	crisis	NNS
cord-285458-g6esbbrr	79	42	.	.	.
cord-285458-g6esbbrr	80	1	This	this	DT
cord-285458-g6esbbrr	80	2	can	can	MD
cord-285458-g6esbbrr	80	3	occur	occur	VB
cord-285458-g6esbbrr	80	4	more	more	RBR
cord-285458-g6esbbrr	80	5	easily	easily	RB
cord-285458-g6esbbrr	80	6	in	in	IN
cord-285458-g6esbbrr	80	7	a	a	DT
cord-285458-g6esbbrr	80	8	monetary	monetary	JJ
cord-285458-g6esbbrr	80	9	union	union	NN
cord-285458-g6esbbrr	80	10	due	due	IN
cord-285458-g6esbbrr	80	11	to	to	IN
cord-285458-g6esbbrr	80	12	credit	credit	NN
cord-285458-g6esbbrr	80	13	market	market	NN
cord-285458-g6esbbrr	80	14	integration	integration	NN
cord-285458-g6esbbrr	80	15	and	and	CC
cord-285458-g6esbbrr	80	16	the	the	DT
cord-285458-g6esbbrr	80	17	free	free	JJ
cord-285458-g6esbbrr	80	18	movement	movement	NN
cord-285458-g6esbbrr	80	19	of	of	IN
cord-285458-g6esbbrr	80	20	capital	capital	NN
cord-285458-g6esbbrr	80	21	across	across	IN
cord-285458-g6esbbrr	80	22	borders	border	NNS
cord-285458-g6esbbrr	80	23	which	which	WDT
cord-285458-g6esbbrr	80	24	increase	increase	VBP
cord-285458-g6esbbrr	80	25	the	the	DT
cord-285458-g6esbbrr	80	26	risk	risk	NN
cord-285458-g6esbbrr	80	27	of	of	IN
cord-285458-g6esbbrr	80	28	sudden	sudden	RB
cord-285458-g6esbbrr	80	29	-	-	HYPH
cord-285458-g6esbbrr	80	30	stop	stop	NN
cord-285458-g6esbbrr	80	31	crises	crisis	NNS
cord-285458-g6esbbrr	80	32	,	,	,
cord-285458-g6esbbrr	80	33	like	like	IN
cord-285458-g6esbbrr	80	34	that	that	DT
cord-285458-g6esbbrr	80	35	experienced	experience	VBN
cord-285458-g6esbbrr	80	36	by	by	IN
cord-285458-g6esbbrr	80	37	the	the	DT
cord-285458-g6esbbrr	80	38	EMU	EMU	NNP
cord-285458-g6esbbrr	80	39	in	in	IN
cord-285458-g6esbbrr	80	40	2011	2011	CD
cord-285458-g6esbbrr	80	41	-	-	SYM
cord-285458-g6esbbrr	80	42	13	13	CD
cord-285458-g6esbbrr	80	43	.	.	.
cord-285458-g6esbbrr	81	1	Furthermore	furthermore	RB
cord-285458-g6esbbrr	81	2	,	,	,
cord-285458-g6esbbrr	81	3	the	the	DT
cord-285458-g6esbbrr	81	4	probability	probability	NN
cord-285458-g6esbbrr	81	5	of	of	IN
cord-285458-g6esbbrr	81	6	ending	end	VBG
cord-285458-g6esbbrr	81	7	in	in	IN
cord-285458-g6esbbrr	81	8	a	a	DT
cord-285458-g6esbbrr	81	9	bad	bad	JJ
cord-285458-g6esbbrr	81	10	equilibrium	equilibrium	NN
cord-285458-g6esbbrr	81	11	scenario	scenario	NN
cord-285458-g6esbbrr	81	12	will	will	MD
cord-285458-g6esbbrr	81	13	be	be	VB
cord-285458-g6esbbrr	81	14	bigger	big	JJR
cord-285458-g6esbbrr	81	15	in	in	IN
cord-285458-g6esbbrr	81	16	the	the	DT
cord-285458-g6esbbrr	81	17	future	future	NN
cord-285458-g6esbbrr	81	18	,	,	,
cord-285458-g6esbbrr	81	19	as	as	IN
cord-285458-g6esbbrr	81	20	it	-PRON-	PRP
cord-285458-g6esbbrr	81	21	increases	increase	VBZ
cord-285458-g6esbbrr	81	22	with	with	IN
cord-285458-g6esbbrr	81	23	a	a	DT
cord-285458-g6esbbrr	81	24	larger	large	JJR
cord-285458-g6esbbrr	81	25	stock	stock	NN
cord-285458-g6esbbrr	81	26	of	of	IN
cord-285458-g6esbbrr	81	27	existing	exist	VBG
cord-285458-g6esbbrr	81	28	debt	debt	NN
cord-285458-g6esbbrr	81	29	.	.	.
cord-285458-g6esbbrr	82	1	Indeed	indeed	RB
cord-285458-g6esbbrr	82	2	,	,	,
cord-285458-g6esbbrr	82	3	the	the	DT
cord-285458-g6esbbrr	82	4	post	post	JJ
cord-285458-g6esbbrr	82	5	-	-	JJ
cord-285458-g6esbbrr	82	6	pandemic	pandemic	JJ
cord-285458-g6esbbrr	82	7	world	world	NN
cord-285458-g6esbbrr	82	8	,	,	,
cord-285458-g6esbbrr	82	9	characterised	characterise	VBN
cord-285458-g6esbbrr	82	10	by	by	IN
cord-285458-g6esbbrr	82	11	the	the	DT
cord-285458-g6esbbrr	82	12	strong	strong	JJ
cord-285458-g6esbbrr	82	13	vulnerability	vulnerability	NN
cord-285458-g6esbbrr	82	14	of	of	IN
cord-285458-g6esbbrr	82	15	those	those	DT
cord-285458-g6esbbrr	82	16	EMU	emu	NN
cord-285458-g6esbbrr	82	17	countries	country	NNS
cord-285458-g6esbbrr	82	18	with	with	IN
cord-285458-g6esbbrr	82	19	a	a	DT
cord-285458-g6esbbrr	82	20	high	high	JJ
cord-285458-g6esbbrr	82	21	debt	debt	NN
cord-285458-g6esbbrr	82	22	burden	burden	NN
cord-285458-g6esbbrr	82	23	,	,	,
cord-285458-g6esbbrr	82	24	will	will	MD
cord-285458-g6esbbrr	82	25	make	make	VB
cord-285458-g6esbbrr	82	26	the	the	DT
cord-285458-g6esbbrr	82	27	full	full	JJ
cord-285458-g6esbbrr	82	28	enforcement	enforcement	NN
cord-285458-g6esbbrr	82	29	of	of	IN
cord-285458-g6esbbrr	82	30	strong	strong	JJ
cord-285458-g6esbbrr	82	31	market	market	NN
cord-285458-g6esbbrr	82	32	discipline	discipline	NN
cord-285458-g6esbbrr	82	33	particularly	particularly	RB
cord-285458-g6esbbrr	82	34	risky	risky	JJ
cord-285458-g6esbbrr	82	35	.	.	.
cord-285458-g6esbbrr	83	1	First	first	RB
cord-285458-g6esbbrr	83	2	,	,	,
cord-285458-g6esbbrr	83	3	the	the	DT
cord-285458-g6esbbrr	83	4	prerequisite	prerequisite	NN
cord-285458-g6esbbrr	83	5	to	to	TO
cord-285458-g6esbbrr	83	6	minimise	minimise	VB
cord-285458-g6esbbrr	83	7	the	the	DT
cord-285458-g6esbbrr	83	8	impact	impact	NN
cord-285458-g6esbbrr	83	9	of	of	IN
cord-285458-g6esbbrr	83	10	a	a	DT
cord-285458-g6esbbrr	83	11	sovereign	sovereign	JJ
cord-285458-g6esbbrr	83	12	debt	debt	NN
cord-285458-g6esbbrr	83	13	default	default	NN
cord-285458-g6esbbrr	83	14	on	on	IN
cord-285458-g6esbbrr	83	15	the	the	DT
cord-285458-g6esbbrr	83	16	real	real	JJ
cord-285458-g6esbbrr	83	17	economy	economy	NN
cord-285458-g6esbbrr	83	18	and	and	CC
cord-285458-g6esbbrr	83	19	the	the	DT
cord-285458-g6esbbrr	83	20	fi	fi	NNP
cord-285458-g6esbbrr	83	21	nancial	nancial	NNP
cord-285458-g6esbbrr	83	22	sector	sector	NN
cord-285458-g6esbbrr	83	23	have	have	VBP
cord-285458-g6esbbrr	83	24	not	not	RB
cord-285458-g6esbbrr	83	25	been	be	VBN
cord-285458-g6esbbrr	83	26	created	create	VBN
cord-285458-g6esbbrr	83	27	.	.	.
cord-285458-g6esbbrr	84	1	In	in	IN
cord-285458-g6esbbrr	84	2	the	the	DT
cord-285458-g6esbbrr	84	3	US	US	NNP
cord-285458-g6esbbrr	84	4	,	,	,
cord-285458-g6esbbrr	84	5	the	the	DT
cord-285458-g6esbbrr	84	6	federal	federal	JJ
cord-285458-g6esbbrr	84	7	budget	budget	NN
cord-285458-g6esbbrr	84	8	,	,	,
cord-285458-g6esbbrr	84	9	besides	besides	IN
cord-285458-g6esbbrr	84	10	dealing	deal	VBG
cord-285458-g6esbbrr	84	11	with	with	IN
cord-285458-g6esbbrr	84	12	stabilisation	stabilisation	NN
cord-285458-g6esbbrr	84	13	needs	need	NNS
cord-285458-g6esbbrr	84	14	,	,	,
cord-285458-g6esbbrr	84	15	accounts	account	VBZ
cord-285458-g6esbbrr	84	16	for	for	IN
cord-285458-g6esbbrr	84	17	key	key	JJ
cord-285458-g6esbbrr	84	18	expenditure	expenditure	NN
cord-285458-g6esbbrr	84	19	functions	function	NNS
cord-285458-g6esbbrr	84	20	(	(	-LRB-
cord-285458-g6esbbrr	84	21	investment	investment	NN
cord-285458-g6esbbrr	84	22	,	,	,
cord-285458-g6esbbrr	84	23	innovation	innovation	NN
cord-285458-g6esbbrr	84	24	,	,	,
cord-285458-g6esbbrr	84	25	top	top	NN
cord-285458-g6esbbrr	84	26	-	-	HYPH
cord-285458-g6esbbrr	84	27	up	up	NN
cord-285458-g6esbbrr	84	28	of	of	IN
cord-285458-g6esbbrr	84	29	unemployment	unemployment	NN
cord-285458-g6esbbrr	84	30	expenditure	expenditure	NN
cord-285458-g6esbbrr	84	31	,	,	,
cord-285458-g6esbbrr	84	32	social	social	JJ
cord-285458-g6esbbrr	84	33	insurance	insurance	NN
cord-285458-g6esbbrr	84	34	)	)	-RRB-
cord-285458-g6esbbrr	84	35	.	.	.
cord-285458-g6esbbrr	85	1	This	this	DT
cord-285458-g6esbbrr	85	2	will	will	MD
cord-285458-g6esbbrr	85	3	reduce	reduce	VB
cord-285458-g6esbbrr	85	4	the	the	DT
cord-285458-g6esbbrr	85	5	real	real	JJ
cord-285458-g6esbbrr	85	6	economy	economy	NN
cord-285458-g6esbbrr	85	7	cost	cost	NN
cord-285458-g6esbbrr	85	8	of	of	IN
cord-285458-g6esbbrr	85	9	an	an	DT
cord-285458-g6esbbrr	85	10	eventual	eventual	JJ
cord-285458-g6esbbrr	85	11	bail	bail	NN
cord-285458-g6esbbrr	85	12	-	-	HYPH
cord-285458-g6esbbrr	85	13	in	in	NN
cord-285458-g6esbbrr	85	14	of	of	IN
cord-285458-g6esbbrr	85	15	a	a	DT
cord-285458-g6esbbrr	85	16	US	US	NNP
cord-285458-g6esbbrr	85	17	state	state	NN
cord-285458-g6esbbrr	85	18	,	,	,
cord-285458-g6esbbrr	85	19	thus	thus	RB
cord-285458-g6esbbrr	85	20	increasing	increase	VBG
cord-285458-g6esbbrr	85	21	the	the	DT
cord-285458-g6esbbrr	85	22	political	political	JJ
cord-285458-g6esbbrr	85	23	acceptance	acceptance	NN
cord-285458-g6esbbrr	85	24	of	of	IN
cord-285458-g6esbbrr	85	25	the	the	DT
cord-285458-g6esbbrr	85	26	no	no	DT
cord-285458-g6esbbrr	85	27	-	-	HYPH
cord-285458-g6esbbrr	85	28	bailout	bailout	NN
cord-285458-g6esbbrr	85	29	rule	rule	NN
cord-285458-g6esbbrr	85	30	and	and	CC
cord-285458-g6esbbrr	85	31	strengthening	strengthen	VBG
cord-285458-g6esbbrr	85	32	perceptions	perception	NNS
cord-285458-g6esbbrr	85	33	about	about	IN
cord-285458-g6esbbrr	85	34	its	-PRON-	PRP$
cord-285458-g6esbbrr	85	35	concrete	concrete	JJ
cord-285458-g6esbbrr	85	36	application	application	NN
cord-285458-g6esbbrr	85	37	(	(	-LRB-
cord-285458-g6esbbrr	85	38	Kirkegaard	Kirkegaard	NNP
cord-285458-g6esbbrr	85	39	,	,	,
cord-285458-g6esbbrr	85	40	2017	2017	CD
cord-285458-g6esbbrr	85	41	)	)	-RRB-
cord-285458-g6esbbrr	85	42	.	.	.
cord-285458-g6esbbrr	86	1	Financial	financial	JJ
cord-285458-g6esbbrr	86	2	spillovers	spillover	NNS
cord-285458-g6esbbrr	86	3	are	be	VBP
cord-285458-g6esbbrr	86	4	also	also	RB
cord-285458-g6esbbrr	86	5	circumscribed	circumscribe	VBN
cord-285458-g6esbbrr	86	6	by	by	IN
cord-285458-g6esbbrr	86	7	the	the	DT
cord-285458-g6esbbrr	86	8	fact	fact	NN
cord-285458-g6esbbrr	86	9	that	that	IN
cord-285458-g6esbbrr	86	10	state	state	NN
cord-285458-g6esbbrr	86	11	government	government	NN
cord-285458-g6esbbrr	86	12	debt	debt	NN
cord-285458-g6esbbrr	86	13	is	be	VBZ
cord-285458-g6esbbrr	86	14	about	about	RB
cord-285458-g6esbbrr	86	15	13	13	CD
cord-285458-g6esbbrr	86	16	%	%	NN
cord-285458-g6esbbrr	86	17	of	of	IN
cord-285458-g6esbbrr	86	18	GDP	gdp	NN
cord-285458-g6esbbrr	86	19	and	and	CC
cord-285458-g6esbbrr	86	20	the	the	DT
cord-285458-g6esbbrr	86	21	share	share	NN
cord-285458-g6esbbrr	86	22	of	of	IN
cord-285458-g6esbbrr	86	23	state	state	NN
cord-285458-g6esbbrr	86	24	securities	security	NNS
cord-285458-g6esbbrr	86	25	in	in	IN
cord-285458-g6esbbrr	86	26	the	the	DT
cord-285458-g6esbbrr	86	27	portfolio	portfolio	NN
cord-285458-g6esbbrr	86	28	of	of	IN
cord-285458-g6esbbrr	86	29	US	US	NNP
cord-285458-g6esbbrr	86	30	banks	bank	NNS
cord-285458-g6esbbrr	86	31	is	be	VBZ
cord-285458-g6esbbrr	86	32	low	low	JJ
cord-285458-g6esbbrr	86	33	.	.	.
cord-285458-g6esbbrr	87	1	Despite	despite	IN
cord-285458-g6esbbrr	87	2	all	all	DT
cord-285458-g6esbbrr	87	3	of	of	IN
cord-285458-g6esbbrr	87	4	this	this	DT
cord-285458-g6esbbrr	87	5	,	,	,
cord-285458-g6esbbrr	87	6	the	the	DT
cord-285458-g6esbbrr	87	7	high	high	JJ
cord-285458-g6esbbrr	87	8	costs	cost	NNS
cord-285458-g6esbbrr	87	9	associated	associate	VBN
cord-285458-g6esbbrr	87	10	with	with	IN
cord-285458-g6esbbrr	87	11	any	any	DT
cord-285458-g6esbbrr	87	12	sort	sort	NN
cord-285458-g6esbbrr	87	13	of	of	IN
cord-285458-g6esbbrr	87	14	subnational	subnational	JJ
cord-285458-g6esbbrr	87	15	government	government	NN
cord-285458-g6esbbrr	87	16	default	default	NN
cord-285458-g6esbbrr	87	17	explain	explain	VB
cord-285458-g6esbbrr	87	18	why	why	WRB
cord-285458-g6esbbrr	87	19	federal	federal	JJ
cord-285458-g6esbbrr	87	20	governments	government	NNS
cord-285458-g6esbbrr	87	21	(	(	-LRB-
cord-285458-g6esbbrr	87	22	in	in	IN
cord-285458-g6esbbrr	87	23	the	the	DT
cord-285458-g6esbbrr	87	24	US	US	NNP
cord-285458-g6esbbrr	87	25	and	and	CC
cord-285458-g6esbbrr	87	26	in	in	IN
cord-285458-g6esbbrr	87	27	other	other	JJ
cord-285458-g6esbbrr	87	28	federations	federation	NNS
cord-285458-g6esbbrr	87	29	)	)	-RRB-
cord-285458-g6esbbrr	87	30	often	often	RB
cord-285458-g6esbbrr	87	31	prefer	prefer	VBP
cord-285458-g6esbbrr	87	32	some	some	DT
cord-285458-g6esbbrr	87	33	form	form	NN
cord-285458-g6esbbrr	87	34	of	of	IN
cord-285458-g6esbbrr	87	35	bailout	bailout	NN
cord-285458-g6esbbrr	87	36	of	of	IN
cord-285458-g6esbbrr	87	37	subnational	subnational	JJ
cord-285458-g6esbbrr	87	38	entities	entity	NNS
cord-285458-g6esbbrr	87	39	(	(	-LRB-
cord-285458-g6esbbrr	87	40	Cordes	Cordes	NNP
cord-285458-g6esbbrr	87	41	et	et	NNP
cord-285458-g6esbbrr	87	42	al	al	NNP
cord-285458-g6esbbrr	87	43	.	.	NNP
cord-285458-g6esbbrr	87	44	,	,	,
cord-285458-g6esbbrr	87	45	2015	2015	CD
cord-285458-g6esbbrr	87	46	)	)	-RRB-
cord-285458-g6esbbrr	87	47	.	.	.
cord-285458-g6esbbrr	88	1	Furthermore	furthermore	RB
cord-285458-g6esbbrr	88	2	,	,	,
cord-285458-g6esbbrr	88	3	in	in	IN
cord-285458-g6esbbrr	88	4	the	the	DT
cord-285458-g6esbbrr	88	5	current	current	JJ
cord-285458-g6esbbrr	88	6	context	context	NN
cord-285458-g6esbbrr	88	7	,	,	,
cord-285458-g6esbbrr	88	8	in	in	IN
cord-285458-g6esbbrr	88	9	the	the	DT
cord-285458-g6esbbrr	88	10	EMU	emu	NN
cord-285458-g6esbbrr	88	11	,	,	,
cord-285458-g6esbbrr	88	12	the	the	DT
cord-285458-g6esbbrr	88	13	political	political	JJ
cord-285458-g6esbbrr	88	14	impact	impact	NN
cord-285458-g6esbbrr	88	15	of	of	IN
cord-285458-g6esbbrr	88	16	debt	debt	NN
cord-285458-g6esbbrr	88	17	restructuring	restructuring	NN
cord-285458-g6esbbrr	88	18	risks	risk	NNS
cord-285458-g6esbbrr	88	19	being	be	VBG
cord-285458-g6esbbrr	88	20	even	even	RB
cord-285458-g6esbbrr	88	21	more	more	RBR
cord-285458-g6esbbrr	88	22	destructive	destructive	JJ
cord-285458-g6esbbrr	88	23	than	than	IN
cord-285458-g6esbbrr	88	24	its	-PRON-	PRP$
cord-285458-g6esbbrr	88	25	economic	economic	JJ
cord-285458-g6esbbrr	88	26	costs	cost	NNS
cord-285458-g6esbbrr	88	27	.	.	.
cord-285458-g6esbbrr	89	1	The	the	DT
cord-285458-g6esbbrr	89	2	pandemic	pandemic	NN
cord-285458-g6esbbrr	89	3	has	have	VBZ
cord-285458-g6esbbrr	89	4	amplifi	amplifi	VBN
cord-285458-g6esbbrr	89	5	ed	ed	NNP
cord-285458-g6esbbrr	89	6	the	the	DT
cord-285458-g6esbbrr	89	7	request	request	NN
cord-285458-g6esbbrr	89	8	for	for	IN
cord-285458-g6esbbrr	89	9	recognising	recognise	VBG
cord-285458-g6esbbrr	89	10	mutual	mutual	JJ
cord-285458-g6esbbrr	89	11	interest	interest	NN
cord-285458-g6esbbrr	89	12	and	and	CC
cord-285458-g6esbbrr	89	13	mutual	mutual	JJ
cord-285458-g6esbbrr	89	14	support	support	NN
cord-285458-g6esbbrr	89	15	among	among	IN
cord-285458-g6esbbrr	89	16	EU	EU	NNP
cord-285458-g6esbbrr	89	17	countries	country	NNS
cord-285458-g6esbbrr	89	18	.	.	.
cord-285458-g6esbbrr	90	1	Another	another	DT
cord-285458-g6esbbrr	90	2	reason	reason	NN
cord-285458-g6esbbrr	90	3	why	why	WRB
cord-285458-g6esbbrr	90	4	a	a	DT
cord-285458-g6esbbrr	90	5	debt	debt	NN
cord-285458-g6esbbrr	90	6	restructuring	restructuring	NN
cord-285458-g6esbbrr	90	7	will	will	MD
cord-285458-g6esbbrr	90	8	hardly	hardly	RB
cord-285458-g6esbbrr	90	9	be	be	VB
cord-285458-g6esbbrr	90	10	accepted	accept	VBN
cord-285458-g6esbbrr	90	11	is	be	VBZ
cord-285458-g6esbbrr	90	12	that	that	IN
cord-285458-g6esbbrr	90	13	it	-PRON-	PRP
cord-285458-g6esbbrr	90	14	will	will	MD
cord-285458-g6esbbrr	90	15	be	be	VB
cord-285458-g6esbbrr	90	16	associated	associate	VBN
cord-285458-g6esbbrr	90	17	with	with	IN
cord-285458-g6esbbrr	90	18	the	the	DT
cord-285458-g6esbbrr	90	19	last	last	JJ
cord-285458-g6esbbrr	90	20	episode	episode	NN
cord-285458-g6esbbrr	90	21	of	of	IN
cord-285458-g6esbbrr	90	22	rising	rise	VBG
cord-285458-g6esbbrr	90	23	public	public	JJ
cord-285458-g6esbbrr	90	24	debt	debt	NN
cord-285458-g6esbbrr	90	25	,	,	,
cord-285458-g6esbbrr	90	26	namely	namely	RB
cord-285458-g6esbbrr	90	27	the	the	DT
cord-285458-g6esbbrr	90	28	COVID-19	COVID-19	NNP
cord-285458-g6esbbrr	90	29	crisis	crisis	NN
cord-285458-g6esbbrr	90	30	,	,	,
cord-285458-g6esbbrr	90	31	regarded	regard	VBD
cord-285458-g6esbbrr	90	32	as	as	IN
cord-285458-g6esbbrr	90	33	an	an	DT
cord-285458-g6esbbrr	90	34	exogenous	exogenous	JJ
cord-285458-g6esbbrr	90	35	shock	shock	NN
cord-285458-g6esbbrr	90	36	with	with	IN
cord-285458-g6esbbrr	90	37	no	no	DT
cord-285458-g6esbbrr	90	38	government	government	NN
cord-285458-g6esbbrr	90	39	responsibilities	responsibility	NNS
cord-285458-g6esbbrr	90	40	involved	involve	VBN
cord-285458-g6esbbrr	90	41	.	.	.
cord-285458-g6esbbrr	91	1	Lastly	lastly	RB
cord-285458-g6esbbrr	91	2	,	,	,
cord-285458-g6esbbrr	91	3	it	-PRON-	PRP
cord-285458-g6esbbrr	91	4	should	should	MD
cord-285458-g6esbbrr	91	5	be	be	VB
cord-285458-g6esbbrr	91	6	considered	consider	VBN
cord-285458-g6esbbrr	91	7	that	that	IN
cord-285458-g6esbbrr	91	8	the	the	DT
cord-285458-g6esbbrr	91	9	downturn	downturn	NN
cord-285458-g6esbbrr	91	10	induced	induce	VBN
cord-285458-g6esbbrr	91	11	by	by	IN
cord-285458-g6esbbrr	91	12	a	a	DT
cord-285458-g6esbbrr	91	13	debt	debt	NN
cord-285458-g6esbbrr	91	14	restructuring	restructuring	NN
cord-285458-g6esbbrr	91	15	would	would	MD
cord-285458-g6esbbrr	91	16	represent	represent	VB
cord-285458-g6esbbrr	91	17	the	the	DT
cord-285458-g6esbbrr	91	18	signifi	signifi	NNP
cord-285458-g6esbbrr	91	19	ca	can	MD
cord-285458-g6esbbrr	91	20	nt	not	RB
cord-285458-g6esbbrr	91	21	third	third	JJ
cord-285458-g6esbbrr	91	22	economic	economic	JJ
cord-285458-g6esbbrr	91	23	shock	shock	NN
cord-285458-g6esbbrr	91	24	in	in	IN
cord-285458-g6esbbrr	91	25	only	only	RB
cord-285458-g6esbbrr	91	26	a	a	DT
cord-285458-g6esbbrr	91	27	few	few	JJ
cord-285458-g6esbbrr	91	28	years	year	NNS
cord-285458-g6esbbrr	91	29	,	,	,
cord-285458-g6esbbrr	91	30	after	after	IN
cord-285458-g6esbbrr	91	31	the	the	DT
cord-285458-g6esbbrr	91	32	Great	great	JJ
cord-285458-g6esbbrr	91	33	Recession	recession	NN
cord-285458-g6esbbrr	91	34	and	and	CC
cord-285458-g6esbbrr	91	35	the	the	DT
cord-285458-g6esbbrr	91	36	current	current	JJ
cord-285458-g6esbbrr	91	37	crisis	crisis	NN
cord-285458-g6esbbrr	91	38	.	.	.
cord-285458-g6esbbrr	92	1	Against	against	IN
cord-285458-g6esbbrr	92	2	this	this	DT
cord-285458-g6esbbrr	92	3	background	background	NN
cord-285458-g6esbbrr	92	4	,	,	,
cord-285458-g6esbbrr	92	5	it	-PRON-	PRP
cord-285458-g6esbbrr	92	6	is	be	VBZ
cord-285458-g6esbbrr	92	7	likely	likely	JJ
cord-285458-g6esbbrr	92	8	that	that	IN
cord-285458-g6esbbrr	92	9	strong	strong	JJ
cord-285458-g6esbbrr	92	10	market	market	NN
cord-285458-g6esbbrr	92	11	discipline	discipline	NN
cord-285458-g6esbbrr	92	12	will	will	MD
cord-285458-g6esbbrr	92	13	lack	lack	VB
cord-285458-g6esbbrr	92	14	credibility	credibility	NN
cord-285458-g6esbbrr	92	15	in	in	IN
cord-285458-g6esbbrr	92	16	the	the	DT
cord-285458-g6esbbrr	92	17	EMU	emu	NN
cord-285458-g6esbbrr	92	18	due	due	IN
cord-285458-g6esbbrr	92	19	to	to	IN
cord-285458-g6esbbrr	92	20	the	the	DT
cord-285458-g6esbbrr	92	21	large	large	JJ
cord-285458-g6esbbrr	92	22	economic	economic	JJ
cord-285458-g6esbbrr	92	23	and	and	CC
cord-285458-g6esbbrr	92	24	political	political	JJ
cord-285458-g6esbbrr	92	25	consequences	consequence	NNS
cord-285458-g6esbbrr	92	26	it	-PRON-	PRP
cord-285458-g6esbbrr	92	27	involves	involve	VBZ
cord-285458-g6esbbrr	92	28	.	.	.
cord-285458-g6esbbrr	93	1	Alternatively	alternatively	RB
cord-285458-g6esbbrr	93	2	,	,	,
cord-285458-g6esbbrr	93	3	in	in	IN
cord-285458-g6esbbrr	93	4	case	case	NN
cord-285458-g6esbbrr	93	5	it	-PRON-	PRP
cord-285458-g6esbbrr	93	6	would	would	MD
cord-285458-g6esbbrr	93	7	entail	entail	VB
cord-285458-g6esbbrr	93	8	sovereign	sovereign	JJ
cord-285458-g6esbbrr	93	9	debt	debt	NN
cord-285458-g6esbbrr	93	10	restructuring	restructuring	NN
cord-285458-g6esbbrr	93	11	,	,	,
cord-285458-g6esbbrr	93	12	the	the	DT
cord-285458-g6esbbrr	93	13	risk	risk	NN
cord-285458-g6esbbrr	93	14	of	of	IN
cord-285458-g6esbbrr	93	15	a	a	DT
cord-285458-g6esbbrr	93	16	political	political	JJ
cord-285458-g6esbbrr	93	17	and	and	CC
cord-285458-g6esbbrr	93	18	social	social	JJ
cord-285458-g6esbbrr	93	19	backlash	backlash	NN
cord-285458-g6esbbrr	93	20	triggered	trigger	VBN
cord-285458-g6esbbrr	93	21	by	by	IN
cord-285458-g6esbbrr	93	22	the	the	DT
cord-285458-g6esbbrr	93	23	size	size	NN
cord-285458-g6esbbrr	93	24	of	of	IN
cord-285458-g6esbbrr	93	25	economic	economic	JJ
cord-285458-g6esbbrr	93	26	disorder	disorder	NN
cord-285458-g6esbbrr	93	27	that	that	IN
cord-285458-g6esbbrr	93	28	it	-PRON-	PRP
cord-285458-g6esbbrr	93	29	would	would	MD
cord-285458-g6esbbrr	93	30	generate	generate	VB
cord-285458-g6esbbrr	93	31	could	could	MD
cord-285458-g6esbbrr	93	32	jeopardise	jeopardise	VB
cord-285458-g6esbbrr	93	33	the	the	DT
cord-285458-g6esbbrr	93	34	EU	EU	NNP
cord-285458-g6esbbrr	93	35	integration	integration	NN
cord-285458-g6esbbrr	93	36	process	process	NN
cord-285458-g6esbbrr	93	37	as	as	IN
cord-285458-g6esbbrr	93	38	a	a	DT
cord-285458-g6esbbrr	93	39	whole	whole	NN
cord-285458-g6esbbrr	93	40	.	.	.
cord-285458-g6esbbrr	94	1	These	these	DT
cord-285458-g6esbbrr	94	2	considerations	consideration	NNS
cord-285458-g6esbbrr	94	3	suggest	suggest	VBP
cord-285458-g6esbbrr	94	4	that	that	IN
cord-285458-g6esbbrr	94	5	neither	neither	CC
cord-285458-g6esbbrr	94	6	a	a	DT
cord-285458-g6esbbrr	94	7	reform	reform	NN
cord-285458-g6esbbrr	94	8	of	of	IN
cord-285458-g6esbbrr	94	9	fi	fi	NN
cord-285458-g6esbbrr	94	10	scal	scal	NNP
cord-285458-g6esbbrr	94	11	rules	rule	NNS
cord-285458-g6esbbrr	94	12	nor	nor	CC
cord-285458-g6esbbrr	94	13	pure	pure	JJ
cord-285458-g6esbbrr	94	14	fi	fi	NN
cord-285458-g6esbbrr	94	15	scal	scal	NN
cord-285458-g6esbbrr	94	16	policy	policy	NN
cord-285458-g6esbbrr	94	17	decentralisation	decentralisation	NN
cord-285458-g6esbbrr	94	18	at	at	IN
cord-285458-g6esbbrr	94	19	the	the	DT
cord-285458-g6esbbrr	94	20	member	member	NN
cord-285458-g6esbbrr	94	21	state	state	NN
cord-285458-g6esbbrr	94	22	level	level	NN
cord-285458-g6esbbrr	94	23	(	(	-LRB-
cord-285458-g6esbbrr	94	24	associated	associate	VBN
cord-285458-g6esbbrr	94	25	with	with	IN
cord-285458-g6esbbrr	94	26	strong	strong	JJ
cord-285458-g6esbbrr	94	27	market	market	NN
cord-285458-g6esbbrr	94	28	discipline	discipline	NN
cord-285458-g6esbbrr	94	29	)	)	-RRB-
cord-285458-g6esbbrr	94	30	are	be	VBP
cord-285458-g6esbbrr	94	31	mod	mod	NN
cord-285458-g6esbbrr	94	32	-	-	:
cord-285458-g6esbbrr	94	33	Fiscal	fiscal	JJ
cord-285458-g6esbbrr	94	34	Policy	policy	NN
cord-285458-g6esbbrr	94	35	els	el	NNS
cord-285458-g6esbbrr	94	36	capable	capable	JJ
cord-285458-g6esbbrr	94	37	of	of	IN
cord-285458-g6esbbrr	94	38	promoting	promote	VBG
cord-285458-g6esbbrr	94	39	high	high	JJ
cord-285458-g6esbbrr	94	40	-	-	HYPH
cord-285458-g6esbbrr	94	41	quality	quality	NN
cord-285458-g6esbbrr	94	42	fi	fi	NN
cord-285458-g6esbbrr	94	43	scal	scal	NNP
cord-285458-g6esbbrr	94	44	policy	policy	NN
cord-285458-g6esbbrr	94	45	and	and	CC
cord-285458-g6esbbrr	94	46	strong	strong	JJ
cord-285458-g6esbbrr	94	47	political	political	JJ
cord-285458-g6esbbrr	94	48	ownership	ownership	NN
cord-285458-g6esbbrr	94	49	and	and	CC
cord-285458-g6esbbrr	94	50	legitimacy	legitimacy	NN
cord-285458-g6esbbrr	94	51	,	,	,
cord-285458-g6esbbrr	94	52	while	while	IN
cord-285458-g6esbbrr	94	53	also	also	RB
cord-285458-g6esbbrr	94	54	minimising	minimise	VBG
cord-285458-g6esbbrr	94	55	risks	risk	NNS
cord-285458-g6esbbrr	94	56	of	of	IN
cord-285458-g6esbbrr	94	57	political	political	JJ
cord-285458-g6esbbrr	94	58	turmoil	turmoil	NN
cord-285458-g6esbbrr	94	59	and	and	CC
cord-285458-g6esbbrr	94	60	fi	fi	NN
cord-285458-g6esbbrr	94	61	nancial	nancial	JJ
cord-285458-g6esbbrr	94	62	instability	instability	NN
cord-285458-g6esbbrr	94	63	.	.	.
cord-285458-g6esbbrr	95	1	In	in	IN
cord-285458-g6esbbrr	95	2	this	this	DT
cord-285458-g6esbbrr	95	3	respect	respect	NN
cord-285458-g6esbbrr	95	4	,	,	,
cord-285458-g6esbbrr	95	5	while	while	IN
cord-285458-g6esbbrr	95	6	these	these	DT
cord-285458-g6esbbrr	95	7	goals	goal	NNS
cord-285458-g6esbbrr	95	8	could	could	MD
cord-285458-g6esbbrr	95	9	be	be	VB
cord-285458-g6esbbrr	95	10	achieved	achieve	VBN
cord-285458-g6esbbrr	95	11	by	by	IN
cord-285458-g6esbbrr	95	12	building	build	VBG
cord-285458-g6esbbrr	95	13	up	up	RP
cord-285458-g6esbbrr	95	14	meaningful	meaningful	JJ
cord-285458-g6esbbrr	95	15	and	and	CC
cord-285458-g6esbbrr	95	16	permanent	permanent	JJ
cord-285458-g6esbbrr	95	17	risk	risk	NN
cord-285458-g6esbbrr	95	18	-	-	HYPH
cord-285458-g6esbbrr	95	19	sharing	share	VBG
cord-285458-g6esbbrr	95	20	instruments	instrument	NNS
cord-285458-g6esbbrr	95	21	at	at	IN
cord-285458-g6esbbrr	95	22	the	the	DT
cord-285458-g6esbbrr	95	23	EU	EU	NNP
cord-285458-g6esbbrr	95	24	level	level	NN
cord-285458-g6esbbrr	95	25	,	,	,
cord-285458-g6esbbrr	95	26	supported	support	VBN
cord-285458-g6esbbrr	95	27	by	by	IN
cord-285458-g6esbbrr	95	28	some	some	DT
cord-285458-g6esbbrr	95	29	embryonic	embryonic	JJ
cord-285458-g6esbbrr	95	30	form	form	NN
cord-285458-g6esbbrr	95	31	of	of	IN
cord-285458-g6esbbrr	95	32	political	political	JJ
cord-285458-g6esbbrr	95	33	union	union	NN
cord-285458-g6esbbrr	95	34	,	,	,
cord-285458-g6esbbrr	95	35	this	this	DT
cord-285458-g6esbbrr	95	36	scenario	scenario	NN
cord-285458-g6esbbrr	95	37	does	do	VBZ
cord-285458-g6esbbrr	95	38	not	not	RB
cord-285458-g6esbbrr	95	39	seem	seem	VB
cord-285458-g6esbbrr	95	40	politically	politically	RB
cord-285458-g6esbbrr	95	41	attainable	attainable	JJ
cord-285458-g6esbbrr	95	42	for	for	IN
cord-285458-g6esbbrr	95	43	the	the	DT
cord-285458-g6esbbrr	95	44	time	time	NN
cord-285458-g6esbbrr	95	45	being	be	VBG
cord-285458-g6esbbrr	95	46	.	.	.
cord-285458-g6esbbrr	96	1	An	an	DT
cord-285458-g6esbbrr	96	2	alternative	alternative	JJ
cord-285458-g6esbbrr	96	3	model	model	NN
cord-285458-g6esbbrr	96	4	of	of	IN
cord-285458-g6esbbrr	96	5	fi	fi	NNP
cord-285458-g6esbbrr	96	6	scal	scal	NNP
cord-285458-g6esbbrr	96	7	governance	governance	NN
cord-285458-g6esbbrr	96	8	could	could	MD
cord-285458-g6esbbrr	96	9	be	be	VB
cord-285458-g6esbbrr	96	10	designed	design	VBN
cord-285458-g6esbbrr	96	11	by	by	IN
cord-285458-g6esbbrr	96	12	reducing	reduce	VBG
cord-285458-g6esbbrr	96	13	the	the	DT
cord-285458-g6esbbrr	96	14	role	role	NN
cord-285458-g6esbbrr	96	15	of	of	IN
cord-285458-g6esbbrr	96	16	quantitative	quantitative	JJ
cord-285458-g6esbbrr	96	17	fi	fi	NN
cord-285458-g6esbbrr	96	18	scal	scal	NN
cord-285458-g6esbbrr	96	19	rules	rule	NNS
cord-285458-g6esbbrr	96	20	and	and	CC
cord-285458-g6esbbrr	96	21	moving	move	VBG
cord-285458-g6esbbrr	96	22	towards	towards	IN
cord-285458-g6esbbrr	96	23	a	a	DT
cord-285458-g6esbbrr	96	24	cooperative	cooperative	JJ
cord-285458-g6esbbrr	96	25	system	system	NN
cord-285458-g6esbbrr	96	26	where	where	WRB
cord-285458-g6esbbrr	96	27	fi	fi	NNP
cord-285458-g6esbbrr	96	28	scal	scal	NNP
cord-285458-g6esbbrr	96	29	targets	target	NNS
cord-285458-g6esbbrr	96	30	and	and	CC
cord-285458-g6esbbrr	96	31	the	the	DT
cord-285458-g6esbbrr	96	32	medium	medium	JJ
cord-285458-g6esbbrr	96	33	-	-	HYPH
cord-285458-g6esbbrr	96	34	term	term	NN
cord-285458-g6esbbrr	96	35	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	96	36	strategy	strategy	NN
cord-285458-g6esbbrr	96	37	are	be	VBP
cord-285458-g6esbbrr	96	38	periodically	periodically	RB
cord-285458-g6esbbrr	96	39	negotiated	negotiate	VBN
cord-285458-g6esbbrr	96	40	by	by	IN
cord-285458-g6esbbrr	96	41	a	a	DT
cord-285458-g6esbbrr	96	42	competent	competent	JJ
cord-285458-g6esbbrr	96	43	EU	EU	NNP
cord-285458-g6esbbrr	96	44	authority	authority	NN
cord-285458-g6esbbrr	96	45	and	and	CC
cord-285458-g6esbbrr	96	46	the	the	DT
cord-285458-g6esbbrr	96	47	national	national	JJ
cord-285458-g6esbbrr	96	48	government	government	NN
cord-285458-g6esbbrr	96	49	.	.	.
cord-285458-g6esbbrr	97	1	The	the	DT
cord-285458-g6esbbrr	97	2	base	base	NN
cord-285458-g6esbbrr	97	3	for	for	IN
cord-285458-g6esbbrr	97	4	negotiations	negotiation	NNS
cord-285458-g6esbbrr	97	5	would	would	MD
cord-285458-g6esbbrr	97	6	be	be	VB
cord-285458-g6esbbrr	97	7	represented	represent	VBN
cord-285458-g6esbbrr	97	8	by	by	IN
cord-285458-g6esbbrr	97	9	a	a	DT
cord-285458-g6esbbrr	97	10	multi	multi	JJ
cord-285458-g6esbbrr	97	11	-	-	JJ
cord-285458-g6esbbrr	97	12	annual	annual	JJ
cord-285458-g6esbbrr	97	13	plan	plan	NN
cord-285458-g6esbbrr	97	14	submitted	submit	VBN
cord-285458-g6esbbrr	97	15	by	by	IN
cord-285458-g6esbbrr	97	16	the	the	DT
cord-285458-g6esbbrr	97	17	national	national	JJ
cord-285458-g6esbbrr	97	18	government	government	NN
cord-285458-g6esbbrr	97	19	at	at	IN
cord-285458-g6esbbrr	97	20	the	the	DT
cord-285458-g6esbbrr	97	21	beginning	beginning	NN
cord-285458-g6esbbrr	97	22	of	of	IN
cord-285458-g6esbbrr	97	23	its	-PRON-	PRP$
cord-285458-g6esbbrr	97	24	mandate	mandate	NN
cord-285458-g6esbbrr	97	25	,	,	,
cord-285458-g6esbbrr	97	26	setting	set	VBG
cord-285458-g6esbbrr	97	27	a	a	DT
cord-285458-g6esbbrr	97	28	medium	medium	JJ
cord-285458-g6esbbrr	97	29	-	-	HYPH
cord-285458-g6esbbrr	97	30	term	term	NN
cord-285458-g6esbbrr	97	31	debt	debt	NN
cord-285458-g6esbbrr	97	32	target	target	NN
cord-285458-g6esbbrr	97	33	and	and	CC
cord-285458-g6esbbrr	97	34	other	other	JJ
cord-285458-g6esbbrr	97	35	concrete	concrete	JJ
cord-285458-g6esbbrr	97	36	objectives	objective	NNS
cord-285458-g6esbbrr	97	37	in	in	IN
cord-285458-g6esbbrr	97	38	terms	term	NNS
cord-285458-g6esbbrr	97	39	of	of	IN
cord-285458-g6esbbrr	97	40	fi	fi	NN
cord-285458-g6esbbrr	97	41	scal	scal	NNP
cord-285458-g6esbbrr	97	42	variables	variable	NNS
cord-285458-g6esbbrr	97	43	and	and	CC
cord-285458-g6esbbrr	97	44	policies	policy	NNS
cord-285458-g6esbbrr	97	45	.	.	.
cord-285458-g6esbbrr	98	1	A	a	DT
cord-285458-g6esbbrr	98	2	qualitative	qualitative	JJ
cord-285458-g6esbbrr	98	3	analysis	analysis	NN
cord-285458-g6esbbrr	98	4	of	of	IN
cord-285458-g6esbbrr	98	5	the	the	DT
cord-285458-g6esbbrr	98	6	plan	plan	NN
cord-285458-g6esbbrr	98	7	should	should	MD
cord-285458-g6esbbrr	98	8	go	go	VB
cord-285458-g6esbbrr	98	9	hand	hand	NN
cord-285458-g6esbbrr	98	10	in	in	IN
cord-285458-g6esbbrr	98	11	hand	hand	NN
cord-285458-g6esbbrr	98	12	with	with	IN
cord-285458-g6esbbrr	98	13	the	the	DT
cord-285458-g6esbbrr	98	14	quantitative	quantitative	JJ
cord-285458-g6esbbrr	98	15	assessment	assessment	NN
cord-285458-g6esbbrr	98	16	of	of	IN
cord-285458-g6esbbrr	98	17	government	government	NN
cord-285458-g6esbbrr	98	18	targets	target	NNS
cord-285458-g6esbbrr	98	19	.	.	.
cord-285458-g6esbbrr	99	1	Cooperation	cooperation	NN
cord-285458-g6esbbrr	99	2	and	and	CC
cord-285458-g6esbbrr	99	3	negotiations	negotiation	NNS
cord-285458-g6esbbrr	99	4	would	would	MD
cord-285458-g6esbbrr	99	5	serve	serve	VB
cord-285458-g6esbbrr	99	6	the	the	DT
cord-285458-g6esbbrr	99	7	purpose	purpose	NN
cord-285458-g6esbbrr	99	8	of	of	IN
cord-285458-g6esbbrr	99	9	increasing	increase	VBG
cord-285458-g6esbbrr	99	10	the	the	DT
cord-285458-g6esbbrr	99	11	focus	focus	NN
cord-285458-g6esbbrr	99	12	on	on	IN
cord-285458-g6esbbrr	99	13	qualitative	qualitative	JJ
cord-285458-g6esbbrr	99	14	variables	variable	NNS
cord-285458-g6esbbrr	99	15	,	,	,
cord-285458-g6esbbrr	99	16	e.g.	e.g.	IN
cord-285458-g6esbbrr	99	17	the	the	DT
cord-285458-g6esbbrr	99	18	quality	quality	NN
cord-285458-g6esbbrr	99	19	of	of	IN
cord-285458-g6esbbrr	99	20	public	public	JJ
cord-285458-g6esbbrr	99	21	expenditure	expenditure	NN
cord-285458-g6esbbrr	99	22	,	,	,
cord-285458-g6esbbrr	99	23	while	while	IN
cord-285458-g6esbbrr	99	24	also	also	RB
cord-285458-g6esbbrr	99	25	taking	take	VBG
cord-285458-g6esbbrr	99	26	into	into	IN
cord-285458-g6esbbrr	99	27	account	account	NN
cord-285458-g6esbbrr	99	28	national	national	JJ
cord-285458-g6esbbrr	99	29	views	view	NNS
cord-285458-g6esbbrr	99	30	and	and	CC
cord-285458-g6esbbrr	99	31	other	other	JJ
cord-285458-g6esbbrr	99	32	policy	policy	NN
cord-285458-g6esbbrr	99	33	objectives	objective	NNS
cord-285458-g6esbbrr	99	34	following	follow	VBG
cord-285458-g6esbbrr	99	35	an	an	DT
cord-285458-g6esbbrr	99	36	outcome	outcome	NN
cord-285458-g6esbbrr	99	37	-	-	HYPH
cord-285458-g6esbbrr	99	38	based	base	VBN
cord-285458-g6esbbrr	99	39	assessment	assessment	NN
cord-285458-g6esbbrr	99	40	.	.	.
cord-285458-g6esbbrr	100	1	This	this	DT
cord-285458-g6esbbrr	100	2	would	would	MD
cord-285458-g6esbbrr	100	3	increase	increase	VB
cord-285458-g6esbbrr	100	4	national	national	JJ
cord-285458-g6esbbrr	100	5	authorities	authority	NNS
cord-285458-g6esbbrr	100	6	'	'	POS
cord-285458-g6esbbrr	100	7	accountability	accountability	NN
cord-285458-g6esbbrr	100	8	and	and	CC
cord-285458-g6esbbrr	100	9	responsibility	responsibility	NN
cord-285458-g6esbbrr	100	10	,	,	,
cord-285458-g6esbbrr	100	11	besides	besides	IN
cord-285458-g6esbbrr	100	12	providing	provide	VBG
cord-285458-g6esbbrr	100	13	a	a	DT
cord-285458-g6esbbrr	100	14	high	high	JJ
cord-285458-g6esbbrr	100	15	degree	degree	NN
cord-285458-g6esbbrr	100	16	of	of	IN
cord-285458-g6esbbrr	100	17	adaptability	adaptability	NN
cord-285458-g6esbbrr	100	18	to	to	IN
cord-285458-g6esbbrr	100	19	macroeconomic	macroeconomic	JJ
cord-285458-g6esbbrr	100	20	circumstances	circumstance	NNS
cord-285458-g6esbbrr	100	21	.	.	.
cord-285458-g6esbbrr	101	1	This	this	DT
cord-285458-g6esbbrr	101	2	cooperative	cooperative	JJ
cord-285458-g6esbbrr	101	3	governance	governance	NN
cord-285458-g6esbbrr	101	4	principle	principle	NN
cord-285458-g6esbbrr	101	5	could	could	MD
cord-285458-g6esbbrr	101	6	also	also	RB
cord-285458-g6esbbrr	101	7	fi	fi	VB
cord-285458-g6esbbrr	101	8	t	t	NN
cord-285458-g6esbbrr	101	9	with	with	IN
cord-285458-g6esbbrr	101	10	the	the	DT
cord-285458-g6esbbrr	101	11	underlying	underlying	JJ
cord-285458-g6esbbrr	101	12	governance	governance	NN
cord-285458-g6esbbrr	101	13	framework	framework	NN
cord-285458-g6esbbrr	101	14	of	of	IN
cord-285458-g6esbbrr	101	15	the	the	DT
cord-285458-g6esbbrr	101	16	Next	Next	NNP
cord-285458-g6esbbrr	101	17	Generation	Generation	NNP
cord-285458-g6esbbrr	101	18	EU	EU	NNP
cord-285458-g6esbbrr	101	19	.	.	.
cord-285458-g6esbbrr	102	1	The	the	DT
cord-285458-g6esbbrr	102	2	narrative	narrative	NN
cord-285458-g6esbbrr	102	3	and	and	CC
cord-285458-g6esbbrr	102	4	the	the	DT
cord-285458-g6esbbrr	102	5	concrete	concrete	JJ
cord-285458-g6esbbrr	102	6	application	application	NN
cord-285458-g6esbbrr	102	7	of	of	IN
cord-285458-g6esbbrr	102	8	the	the	DT
cord-285458-g6esbbrr	102	9	monitoring	monitoring	NN
cord-285458-g6esbbrr	102	10	system	system	NN
cord-285458-g6esbbrr	102	11	should	should	MD
cord-285458-g6esbbrr	102	12	aim	aim	VB
cord-285458-g6esbbrr	102	13	at	at	IN
cord-285458-g6esbbrr	102	14	building	build	VBG
cord-285458-g6esbbrr	102	15	up	up	RP
cord-285458-g6esbbrr	102	16	effective	effective	JJ
cord-285458-g6esbbrr	102	17	cooperation	cooperation	NN
cord-285458-g6esbbrr	102	18	between	between	IN
cord-285458-g6esbbrr	102	19	national	national	JJ
cord-285458-g6esbbrr	102	20	governments	government	NNS
cord-285458-g6esbbrr	102	21	and	and	CC
cord-285458-g6esbbrr	102	22	EU	EU	NNP
cord-285458-g6esbbrr	102	23	institutions	institution	NNS
cord-285458-g6esbbrr	102	24	.	.	.
cord-285458-g6esbbrr	103	1	For	for	IN
cord-285458-g6esbbrr	103	2	instance	instance	NN
cord-285458-g6esbbrr	103	3	,	,	,
cord-285458-g6esbbrr	103	4	the	the	DT
cord-285458-g6esbbrr	103	5	policy	policy	NN
cord-285458-g6esbbrr	103	6	dialogue	dialogue	NN
cord-285458-g6esbbrr	103	7	on	on	IN
cord-285458-g6esbbrr	103	8	the	the	DT
cord-285458-g6esbbrr	103	9	National	National	NNP
cord-285458-g6esbbrr	103	10	Reform	Reform	NNP
cord-285458-g6esbbrr	103	11	Programme	Programme	NNP
cord-285458-g6esbbrr	103	12	could	could	MD
cord-285458-g6esbbrr	103	13	serve	serve	VB
cord-285458-g6esbbrr	103	14	to	to	TO
cord-285458-g6esbbrr	103	15	:	:	:
cord-285458-g6esbbrr	103	16	i	i	PRP
cord-285458-g6esbbrr	103	17	)	)	-RRB-
cord-285458-g6esbbrr	103	18	identify	identify	VB
cord-285458-g6esbbrr	103	19	national	national	JJ
cord-285458-g6esbbrr	103	20	policy	policy	NN
cord-285458-g6esbbrr	103	21	priorities	priority	NNS
cord-285458-g6esbbrr	103	22	in	in	IN
cord-285458-g6esbbrr	103	23	need	need	NN
cord-285458-g6esbbrr	103	24	of	of	IN
cord-285458-g6esbbrr	103	25	support	support	NN
cord-285458-g6esbbrr	103	26	;	;	:
cord-285458-g6esbbrr	103	27	ii	ii	LS
cord-285458-g6esbbrr	103	28	)	)	-RRB-
cord-285458-g6esbbrr	103	29	adopt	adopt	VB
cord-285458-g6esbbrr	103	30	high	high	JJ
cord-285458-g6esbbrr	103	31	-	-	HYPH
cord-285458-g6esbbrr	103	32	quality	quality	NN
cord-285458-g6esbbrr	103	33	practices	practice	NNS
cord-285458-g6esbbrr	103	34	for	for	IN
cord-285458-g6esbbrr	103	35	the	the	DT
cord-285458-g6esbbrr	103	36	design	design	NN
cord-285458-g6esbbrr	103	37	of	of	IN
cord-285458-g6esbbrr	103	38	the	the	DT
cord-285458-g6esbbrr	103	39	spending	spending	NN
cord-285458-g6esbbrr	103	40	programmes	programme	NNS
cord-285458-g6esbbrr	103	41	;	;	:
cord-285458-g6esbbrr	103	42	iii	iii	LS
cord-285458-g6esbbrr	103	43	)	)	-RRB-
cord-285458-g6esbbrr	103	44	monitor	monitor	VB
cord-285458-g6esbbrr	103	45	implementation	implementation	NN
cord-285458-g6esbbrr	103	46	and	and	CC
cord-285458-g6esbbrr	103	47	results	result	NNS
cord-285458-g6esbbrr	103	48	.	.	.
cord-285458-g6esbbrr	104	1	Leaving	leave	VBG
cord-285458-g6esbbrr	104	2	aside	aside	RB
cord-285458-g6esbbrr	104	3	the	the	DT
cord-285458-g6esbbrr	104	4	specifi	specifi	NNP
cord-285458-g6esbbrr	104	5	c	c	NNP
cord-285458-g6esbbrr	104	6	framework	framework	NNP
cord-285458-g6esbbrr	104	7	underlying	underlie	VBG
cord-285458-g6esbbrr	104	8	the	the	DT
cord-285458-g6esbbrr	104	9	recovery	recovery	NN
cord-285458-g6esbbrr	104	10	instrument	instrument	NN
cord-285458-g6esbbrr	104	11	in	in	IN
cord-285458-g6esbbrr	104	12	exchange	exchange	NN
cord-285458-g6esbbrr	104	13	for	for	IN
cord-285458-g6esbbrr	104	14	more	more	JJR
cord-285458-g6esbbrr	104	15	room	room	NN
cord-285458-g6esbbrr	104	16	to	to	TO
cord-285458-g6esbbrr	104	17	manoeuvre	manoeuvre	VB
cord-285458-g6esbbrr	104	18	with	with	IN
cord-285458-g6esbbrr	104	19	regards	regard	NNS
cord-285458-g6esbbrr	104	20	to	to	IN
cord-285458-g6esbbrr	104	21	national	national	JJ
cord-285458-g6esbbrr	104	22	fi	fi	NNP
cord-285458-g6esbbrr	104	23	scal	scal	NNP
cord-285458-g6esbbrr	104	24	policy	policy	NN
cord-285458-g6esbbrr	104	25	conduct	conduct	NN
cord-285458-g6esbbrr	104	26	,	,	,
cord-285458-g6esbbrr	104	27	a	a	DT
cord-285458-g6esbbrr	104	28	gradual	gradual	JJ
cord-285458-g6esbbrr	104	29	and	and	CC
cord-285458-g6esbbrr	104	30	semi	semi	JJ
cord-285458-g6esbbrr	104	31	-	-	JJ
cord-285458-g6esbbrr	104	32	automatic	automatic	JJ
cord-285458-g6esbbrr	104	33	enforcement	enforcement	NN
cord-285458-g6esbbrr	104	34	system	system	NN
cord-285458-g6esbbrr	104	35	should	should	MD
cord-285458-g6esbbrr	104	36	be	be	VB
cord-285458-g6esbbrr	104	37	put	put	VBN
cord-285458-g6esbbrr	104	38	in	in	IN
cord-285458-g6esbbrr	104	39	place	place	NN
cord-285458-g6esbbrr	104	40	to	to	TO
cord-285458-g6esbbrr	104	41	avoid	avoid	VB
cord-285458-g6esbbrr	104	42	moral	moral	JJ
cord-285458-g6esbbrr	104	43	hazard	hazard	NN
cord-285458-g6esbbrr	104	44	.	.	.
cord-285458-g6esbbrr	105	1	It	-PRON-	PRP
cord-285458-g6esbbrr	105	2	would	would	MD
cord-285458-g6esbbrr	105	3	range	range	VB
cord-285458-g6esbbrr	105	4	from	from	IN
cord-285458-g6esbbrr	105	5	small	small	JJ
cord-285458-g6esbbrr	105	6	penalties	penalty	NNS
cord-285458-g6esbbrr	105	7	in	in	IN
cord-285458-g6esbbrr	105	8	case	case	NN
cord-285458-g6esbbrr	105	9	of	of	IN
cord-285458-g6esbbrr	105	10	simple	simple	JJ
cord-285458-g6esbbrr	105	11	divergences	divergence	NNS
cord-285458-g6esbbrr	105	12	between	between	IN
cord-285458-g6esbbrr	105	13	EU	EU	NNP
cord-285458-g6esbbrr	105	14	recommended	recommend	VBD
cord-285458-g6esbbrr	105	15	policies	policy	NNS
cord-285458-g6esbbrr	105	16	and	and	CC
cord-285458-g6esbbrr	105	17	the	the	DT
cord-285458-g6esbbrr	105	18	national	national	JJ
cord-285458-g6esbbrr	105	19	policy	policy	NN
cord-285458-g6esbbrr	105	20	strategy	strategy	NN
cord-285458-g6esbbrr	105	21	,	,	,
cord-285458-g6esbbrr	105	22	to	to	IN
cord-285458-g6esbbrr	105	23	more	more	RBR
cord-285458-g6esbbrr	105	24	serious	serious	JJ
cord-285458-g6esbbrr	105	25	deterrents	deterrent	NNS
cord-285458-g6esbbrr	105	26	for	for	IN
cord-285458-g6esbbrr	105	27	reiteration	reiteration	NN
cord-285458-g6esbbrr	105	28	of	of	IN
cord-285458-g6esbbrr	105	29	ineffective	ineffective	JJ
cord-285458-g6esbbrr	105	30	policies	policy	NNS
cord-285458-g6esbbrr	105	31	and	and	CC
cord-285458-g6esbbrr	105	32	clear	clear	RB
cord-285458-g6esbbrr	105	33	-	-	HYPH
cord-285458-g6esbbrr	105	34	cut	cut	VBN
cord-285458-g6esbbrr	105	35	gross	gross	JJ
cord-285458-g6esbbrr	105	36	policy	policy	NN
cord-285458-g6esbbrr	105	37	errors	error	NNS
cord-285458-g6esbbrr	105	38	.	.	.
cord-285458-g6esbbrr	106	1	The	the	DT
cord-285458-g6esbbrr	106	2	enforcement	enforcement	NN
cord-285458-g6esbbrr	106	3	tools	tool	NNS
cord-285458-g6esbbrr	106	4	could	could	MD
cord-285458-g6esbbrr	106	5	include	include	VB
cord-285458-g6esbbrr	106	6	a	a	DT
cord-285458-g6esbbrr	106	7	quasi	quasi	JJ
cord-285458-g6esbbrr	106	8	-	-	JJ
cord-285458-g6esbbrr	106	9	automatic	automatic	JJ
cord-285458-g6esbbrr	106	10	contribution	contribution	NN
cord-285458-g6esbbrr	106	11	to	to	IN
cord-285458-g6esbbrr	106	12	a	a	DT
cord-285458-g6esbbrr	106	13	future	future	JJ
cord-285458-g6esbbrr	106	14	stabilisation	stabilisation	NN
cord-285458-g6esbbrr	106	15	fund	fund	NN
cord-285458-g6esbbrr	106	16	to	to	TO
cord-285458-g6esbbrr	106	17	be	be	VB
cord-285458-g6esbbrr	106	18	regarded	regard	VBN
cord-285458-g6esbbrr	106	19	as	as	IN
cord-285458-g6esbbrr	106	20	an	an	DT
cord-285458-g6esbbrr	106	21	insurance	insurance	NN
cord-285458-g6esbbrr	106	22	premium	premium	NN
cord-285458-g6esbbrr	106	23	to	to	IN
cord-285458-g6esbbrr	106	24	(	(	-LRB-
cord-285458-g6esbbrr	106	25	partly	partly	RB
cord-285458-g6esbbrr	106	26	)	)	-RRB-
cord-285458-g6esbbrr	106	27	cover	cover	VB
cord-285458-g6esbbrr	106	28	the	the	DT
cord-285458-g6esbbrr	106	29	risk	risk	NN
cord-285458-g6esbbrr	106	30	that	that	IN
cord-285458-g6esbbrr	106	31	the	the	DT
cord-285458-g6esbbrr	106	32	national	national	JJ
cord-285458-g6esbbrr	106	33	policy	policy	NN
cord-285458-g6esbbrr	106	34	strategy	strategy	NN
cord-285458-g6esbbrr	106	35	could	could	MD
cord-285458-g6esbbrr	106	36	weaken	weaken	VB
cord-285458-g6esbbrr	106	37	domestic	domestic	JJ
cord-285458-g6esbbrr	106	38	and	and	CC
cord-285458-g6esbbrr	106	39	EMU	emu	NN
cord-285458-g6esbbrr	106	40	resilience	resilience	NN
cord-285458-g6esbbrr	106	41	.	.	.
cord-285458-g6esbbrr	107	1	Finally	finally	RB
cord-285458-g6esbbrr	107	2	,	,	,
cord-285458-g6esbbrr	107	3	in	in	IN
cord-285458-g6esbbrr	107	4	the	the	DT
cord-285458-g6esbbrr	107	5	post	post	JJ
cord-285458-g6esbbrr	107	6	-	-	JJ
cord-285458-g6esbbrr	107	7	COVID-19	covid-19	JJ
cord-285458-g6esbbrr	107	8	world	world	NN
cord-285458-g6esbbrr	107	9	,	,	,
cord-285458-g6esbbrr	107	10	a	a	DT
cord-285458-g6esbbrr	107	11	proper	proper	JJ
cord-285458-g6esbbrr	107	12	management	management	NN
cord-285458-g6esbbrr	107	13	of	of	IN
cord-285458-g6esbbrr	107	14	high	high	JJ
cord-285458-g6esbbrr	107	15	levels	level	NNS
cord-285458-g6esbbrr	107	16	of	of	IN
cord-285458-g6esbbrr	107	17	public	public	JJ
cord-285458-g6esbbrr	107	18	debt	debt	NN
cord-285458-g6esbbrr	107	19	will	will	MD
cord-285458-g6esbbrr	107	20	be	be	VB
cord-285458-g6esbbrr	107	21	crucial	crucial	JJ
cord-285458-g6esbbrr	107	22	to	to	TO
cord-285458-g6esbbrr	107	23	safeguard	safeguard	VB
cord-285458-g6esbbrr	107	24	fi	fi	NN
cord-285458-g6esbbrr	107	25	nancial	nancial	JJ
cord-285458-g6esbbrr	107	26	stability	stability	NN
cord-285458-g6esbbrr	107	27	.	.	.
cord-285458-g6esbbrr	108	1	In	in	IN
cord-285458-g6esbbrr	108	2	this	this	DT
cord-285458-g6esbbrr	108	3	regard	regard	NN
cord-285458-g6esbbrr	108	4	,	,	,
cord-285458-g6esbbrr	108	5	one	one	PRP
cord-285458-g6esbbrr	108	6	could	could	MD
cord-285458-g6esbbrr	108	7	question	question	VB
cord-285458-g6esbbrr	108	8	whether	whether	IN
cord-285458-g6esbbrr	108	9	the	the	DT
cord-285458-g6esbbrr	108	10	current	current	JJ
cord-285458-g6esbbrr	108	11	Outright	Outright	NNP
cord-285458-g6esbbrr	108	12	Monetary	Monetary	NNP
cord-285458-g6esbbrr	108	13	Transactions	Transactions	NNP
cord-285458-g6esbbrr	108	14	(	(	-LRB-
cord-285458-g6esbbrr	108	15	OMT	OMT	NNP
cord-285458-g6esbbrr	108	16	)	)	-RRB-
cord-285458-g6esbbrr	108	17	framework	framework	NN
cord-285458-g6esbbrr	108	18	would	would	MD
cord-285458-g6esbbrr	108	19	remain	remain	VB
cord-285458-g6esbbrr	108	20	fully	fully	RB
cord-285458-g6esbbrr	108	21	credible	credible	JJ
cord-285458-g6esbbrr	108	22	to	to	TO
cord-285458-g6esbbrr	108	23	address	address	VB
cord-285458-g6esbbrr	108	24	sovereign	sovereign	JJ
cord-285458-g6esbbrr	108	25	market	market	NN
cord-285458-g6esbbrr	108	26	volatility	volatility	NN
cord-285458-g6esbbrr	108	27	,	,	,
cord-285458-g6esbbrr	108	28	in	in	IN
cord-285458-g6esbbrr	108	29	light	light	NN
cord-285458-g6esbbrr	108	30	of	of	IN
cord-285458-g6esbbrr	108	31	the	the	DT
cord-285458-g6esbbrr	108	32	conditionalities	conditionality	NNS
cord-285458-g6esbbrr	108	33	attached	attach	VBN
cord-285458-g6esbbrr	108	34	to	to	IN
cord-285458-g6esbbrr	108	35	the	the	DT
cord-285458-g6esbbrr	108	36	instrument	instrument	NN
cord-285458-g6esbbrr	108	37	,	,	,
cord-285458-g6esbbrr	108	38	in	in	IN
cord-285458-g6esbbrr	108	39	particular	particular	JJ
cord-285458-g6esbbrr	108	40	adhering	adhere	VBG
cord-285458-g6esbbrr	108	41	to	to	IN
cord-285458-g6esbbrr	108	42	an	an	DT
cord-285458-g6esbbrr	108	43	ESM	ESM	NNP
cord-285458-g6esbbrr	108	44	programme	programme	NN
cord-285458-g6esbbrr	108	45	(	(	-LRB-
cord-285458-g6esbbrr	108	46	Cohen	Cohen	NNP
cord-285458-g6esbbrr	108	47	-	-	HYPH
cord-285458-g6esbbrr	108	48	Setton	Setton	NNP
cord-285458-g6esbbrr	108	49	and	and	CC
cord-285458-g6esbbrr	108	50	Vallee	Vallee	NNP
cord-285458-g6esbbrr	108	51	,	,	,
cord-285458-g6esbbrr	108	52	2018	2018	CD
cord-285458-g6esbbrr	108	53	)	)	-RRB-
cord-285458-g6esbbrr	108	54	.	.	.
cord-285458-g6esbbrr	109	1	Thus	thus	RB
cord-285458-g6esbbrr	109	2	,	,	,
cord-285458-g6esbbrr	109	3	a	a	DT
cord-285458-g6esbbrr	109	4	broader	broad	JJR
cord-285458-g6esbbrr	109	5	scope	scope	NN
cord-285458-g6esbbrr	109	6	for	for	IN
cord-285458-g6esbbrr	109	7	ECB	ECB	NNP
cord-285458-g6esbbrr	109	8	involvement	involvement	NN
cord-285458-g6esbbrr	109	9	might	may	MD
cord-285458-g6esbbrr	109	10	be	be	VB
cord-285458-g6esbbrr	109	11	needed	need	VBN
cord-285458-g6esbbrr	109	12	in	in	IN
cord-285458-g6esbbrr	109	13	the	the	DT
cord-285458-g6esbbrr	109	14	future	future	NN
cord-285458-g6esbbrr	109	15	.	.	.
cord-285458-g6esbbrr	110	1	In	in	IN
cord-285458-g6esbbrr	110	2	this	this	DT
cord-285458-g6esbbrr	110	3	respect	respect	NN
cord-285458-g6esbbrr	110	4	,	,	,
cord-285458-g6esbbrr	110	5	avoiding	avoid	VBG
cord-285458-g6esbbrr	110	6	gross	gross	JJ
cord-285458-g6esbbrr	110	7	policy	policy	NN
cord-285458-g6esbbrr	110	8	errors	error	NNS
cord-285458-g6esbbrr	110	9	in	in	IN
cord-285458-g6esbbrr	110	10	national	national	JJ
cord-285458-g6esbbrr	110	11	budgetary	budgetary	JJ
cord-285458-g6esbbrr	110	12	plans	plan	NNS
cord-285458-g6esbbrr	110	13	could	could	MD
cord-285458-g6esbbrr	110	14	provide	provide	VB
cord-285458-g6esbbrr	110	15	the	the	DT
cord-285458-g6esbbrr	110	16	basis	basis	NN
cord-285458-g6esbbrr	110	17	for	for	IN
cord-285458-g6esbbrr	110	18	a	a	DT
cord-285458-g6esbbrr	110	19	form	form	NN
cord-285458-g6esbbrr	110	20	of	of	IN
cord-285458-g6esbbrr	110	21	softer	soft	JJR
cord-285458-g6esbbrr	110	22	conditionality	conditionality	NN
cord-285458-g6esbbrr	110	23	,	,	,
cord-285458-g6esbbrr	110	24	opening	open	VBG
cord-285458-g6esbbrr	110	25	the	the	DT
cord-285458-g6esbbrr	110	26	way	way	NN
cord-285458-g6esbbrr	110	27	to	to	IN
cord-285458-g6esbbrr	110	28	more	more	RBR
cord-285458-g6esbbrr	110	29	ordinary	ordinary	JJ
cord-285458-g6esbbrr	110	30	ECB	ECB	NNP
cord-285458-g6esbbrr	110	31	intervention	intervention	NN
cord-285458-g6esbbrr	110	32	,	,	,
cord-285458-g6esbbrr	110	33	outside	outside	IN
cord-285458-g6esbbrr	110	34	a	a	DT
cord-285458-g6esbbrr	110	35	formal	formal	JJ
cord-285458-g6esbbrr	110	36	OMT	OMT	NNP
cord-285458-g6esbbrr	110	37	programme	programme	NN
cord-285458-g6esbbrr	110	38	,	,	,
cord-285458-g6esbbrr	110	39	to	to	TO
cord-285458-g6esbbrr	110	40	reduce	reduce	VB
cord-285458-g6esbbrr	110	41	short	short	JJ
cord-285458-g6esbbrr	110	42	-	-	HYPH
cord-285458-g6esbbrr	110	43	term	term	NN
cord-285458-g6esbbrr	110	44	market	market	NN
cord-285458-g6esbbrr	110	45	tensions	tension	NNS
cord-285458-g6esbbrr	110	46	causing	cause	VBG
cord-285458-g6esbbrr	110	47	dangerous	dangerous	JJ
cord-285458-g6esbbrr	110	48	increases	increase	NNS
cord-285458-g6esbbrr	110	49	in	in	IN
cord-285458-g6esbbrr	110	50	sovereign	sovereign	JJ
cord-285458-g6esbbrr	110	51	borrowing	borrowing	NN
cord-285458-g6esbbrr	110	52	costs	cost	NNS
cord-285458-g6esbbrr	110	53	.	.	.
cord-285458-g6esbbrr	111	1	In	in	IN
cord-285458-g6esbbrr	111	2	general	general	JJ
cord-285458-g6esbbrr	111	3	,	,	,
cord-285458-g6esbbrr	111	4	this	this	DT
cord-285458-g6esbbrr	111	5	cooperative	cooperative	JJ
cord-285458-g6esbbrr	111	6	system	system	NN
cord-285458-g6esbbrr	111	7	of	of	IN
cord-285458-g6esbbrr	111	8	governance	governance	NN
cord-285458-g6esbbrr	111	9	should	should	MD
cord-285458-g6esbbrr	111	10	be	be	VB
cord-285458-g6esbbrr	111	11	underpinned	underpin	VBN
cord-285458-g6esbbrr	111	12	by	by	IN
cord-285458-g6esbbrr	111	13	an	an	DT
cord-285458-g6esbbrr	111	14	open	open	JJ
cord-285458-g6esbbrr	111	15	and	and	CC
cord-285458-g6esbbrr	111	16	inclusive	inclusive	JJ
cord-285458-g6esbbrr	111	17	policy	policy	NN
cord-285458-g6esbbrr	111	18	dialogue	dialogue	NN
cord-285458-g6esbbrr	111	19	between	between	IN
cord-285458-g6esbbrr	111	20	the	the	DT
cord-285458-g6esbbrr	111	21	EU	EU	NNP
cord-285458-g6esbbrr	111	22	and	and	CC
cord-285458-g6esbbrr	111	23	national	national	JJ
cord-285458-g6esbbrr	111	24	stakeholders	stakeholder	NNS
cord-285458-g6esbbrr	111	25	.	.	.
cord-285458-g6esbbrr	112	1	Mutual	mutual	JJ
cord-285458-g6esbbrr	112	2	respect	respect	NN
cord-285458-g6esbbrr	112	3	and	and	CC
cord-285458-g6esbbrr	112	4	recognition	recognition	NN
cord-285458-g6esbbrr	112	5	of	of	IN
cord-285458-g6esbbrr	112	6	a	a	DT
cord-285458-g6esbbrr	112	7	larger	large	JJR
cord-285458-g6esbbrr	112	8	range	range	NN
cord-285458-g6esbbrr	112	9	of	of	IN
cord-285458-g6esbbrr	112	10	preferences	preference	NNS
cord-285458-g6esbbrr	112	11	,	,	,
cord-285458-g6esbbrr	112	12	views	view	NNS
cord-285458-g6esbbrr	112	13	and	and	CC
cord-285458-g6esbbrr	112	14	objectives	objective	NNS
cord-285458-g6esbbrr	112	15	are	be	VBP
cord-285458-g6esbbrr	112	16	the	the	DT
cord-285458-g6esbbrr	112	17	basis	basis	NN
cord-285458-g6esbbrr	112	18	for	for	IN
cord-285458-g6esbbrr	112	19	high	high	JJ
cord-285458-g6esbbrr	112	20	quality	quality	NN
cord-285458-g6esbbrr	112	21	policies	policy	NNS
cord-285458-g6esbbrr	112	22	to	to	TO
cord-285458-g6esbbrr	112	23	increase	increase	VB
cord-285458-g6esbbrr	112	24	input	input	NN
cord-285458-g6esbbrr	112	25	and	and	CC
cord-285458-g6esbbrr	112	26	output	output	NN
cord-285458-g6esbbrr	112	27	legitimacy	legitimacy	NN
cord-285458-g6esbbrr	112	28	of	of	IN
cord-285458-g6esbbrr	112	29	EU	EU	NNP
cord-285458-g6esbbrr	112	30	governance	governance	NN
cord-285458-g6esbbrr	112	31	and	and	CC
cord-285458-g6esbbrr	112	32	to	to	TO
cord-285458-g6esbbrr	112	33	underpin	underpin	VB
cord-285458-g6esbbrr	112	34	trust	trust	NN
cord-285458-g6esbbrr	112	35	and	and	CC
cord-285458-g6esbbrr	112	36	support	support	NN
cord-285458-g6esbbrr	112	37	in	in	IN
cord-285458-g6esbbrr	112	38	EU	EU	NNP
cord-285458-g6esbbrr	112	39	integration	integration	NN
cord-285458-g6esbbrr	112	40	.	.	.
cord-285458-g6esbbrr	113	1	This	this	DT
cord-285458-g6esbbrr	113	2	model	model	NN
cord-285458-g6esbbrr	113	3	could	could	MD
cord-285458-g6esbbrr	113	4	also	also	RB
cord-285458-g6esbbrr	113	5	be	be	VB
cord-285458-g6esbbrr	113	6	used	use	VBN
cord-285458-g6esbbrr	113	7	to	to	TO
cord-285458-g6esbbrr	113	8	create	create	VB
cord-285458-g6esbbrr	113	9	an	an	DT
cord-285458-g6esbbrr	113	10	environment	environment	NN
cord-285458-g6esbbrr	113	11	where	where	WRB
cord-285458-g6esbbrr	113	12	the	the	DT
cord-285458-g6esbbrr	113	13	conditions	condition	NNS
cord-285458-g6esbbrr	113	14	for	for	IN
cord-285458-g6esbbrr	113	15	moving	move	VBG
cord-285458-g6esbbrr	113	16	towards	towards	IN
cord-285458-g6esbbrr	113	17	a	a	DT
cord-285458-g6esbbrr	113	18	more	more	RBR
cord-285458-g6esbbrr	113	19	effi	effi	NNP
cord-285458-g6esbbrr	113	20	cient	cient	NN
cord-285458-g6esbbrr	113	21	fi	fi	NNP
cord-285458-g6esbbrr	113	22	scal	scal	NNP
cord-285458-g6esbbrr	113	23	,	,	,
cord-285458-g6esbbrr	113	24	fi	fi	NNP
cord-285458-g6esbbrr	113	25	nancial	nancial	NNP
cord-285458-g6esbbrr	113	26	,	,	,
cord-285458-g6esbbrr	113	27	economic	economic	JJ
cord-285458-g6esbbrr	113	28	and	and	CC
cord-285458-g6esbbrr	113	29	political	political	JJ
cord-285458-g6esbbrr	113	30	union	union	NN
cord-285458-g6esbbrr	113	31	could	could	MD
cord-285458-g6esbbrr	113	32	fl	fl	NNP
cord-285458-g6esbbrr	113	33	ourish	ourish	NN
cord-285458-g6esbbrr	113	34	because	because	IN
cord-285458-g6esbbrr	113	35	it	-PRON-	PRP
cord-285458-g6esbbrr	113	36	would	would	MD
cord-285458-g6esbbrr	113	37	seed	seed	VB
cord-285458-g6esbbrr	113	38	a	a	DT
cord-285458-g6esbbrr	113	39	culture	culture	NN
cord-285458-g6esbbrr	113	40	of	of	IN
cord-285458-g6esbbrr	113	41	confl	confl	NN
cord-285458-g6esbbrr	113	42	ict	ict	NN
cord-285458-g6esbbrr	113	43	resolution	resolution	NN
cord-285458-g6esbbrr	113	44	and	and	CC
cord-285458-g6esbbrr	113	45	would	would	MD
cord-285458-g6esbbrr	113	46	connect	connect	VB
cord-285458-g6esbbrr	113	47	national	national	JJ
cord-285458-g6esbbrr	113	48	spheres	sphere	NNS
cord-285458-g6esbbrr	113	49	by	by	IN
cord-285458-g6esbbrr	113	50	channelling	channel	VBG
cord-285458-g6esbbrr	113	51	and	and	CC
cord-285458-g6esbbrr	113	52	mediating	mediate	VBG
cord-285458-g6esbbrr	113	53	different	different	JJ
cord-285458-g6esbbrr	113	54	policy	policy	NN
cord-285458-g6esbbrr	113	55	conceptions	conception	NNS
cord-285458-g6esbbrr	113	56	.	.	.
cord-285458-g6esbbrr	114	1	As	as	IN
cord-285458-g6esbbrr	114	2	John	John	NNP
cord-285458-g6esbbrr	114	3	Stuart	Stuart	NNP
cord-285458-g6esbbrr	114	4	Mill	Mill	NNP
cord-285458-g6esbbrr	114	5	(	(	-LRB-
cord-285458-g6esbbrr	114	6	1859	1859	CD
cord-285458-g6esbbrr	114	7	)	)	-RRB-
cord-285458-g6esbbrr	114	8	asserted	assert	VBD
cord-285458-g6esbbrr	114	9	in	in	IN
cord-285458-g6esbbrr	114	10	its	-PRON-	PRP$
cord-285458-g6esbbrr	114	11	masterpiece	masterpiece	NN
cord-285458-g6esbbrr	114	12	On	on	IN
cord-285458-g6esbbrr	114	13	Liberty	liberty	NN
cord-285458-g6esbbrr	114	14	:	:	:
cord-285458-g6esbbrr	114	15	"	"	``
cord-285458-g6esbbrr	114	16	It	-PRON-	PRP
cord-285458-g6esbbrr	114	17	is	be	VBZ
cord-285458-g6esbbrr	114	18	only	only	RB
cord-285458-g6esbbrr	114	19	by	by	IN
cord-285458-g6esbbrr	114	20	the	the	DT
cord-285458-g6esbbrr	114	21	collision	collision	NN
cord-285458-g6esbbrr	114	22	of	of	IN
cord-285458-g6esbbrr	114	23	adverse	adverse	JJ
cord-285458-g6esbbrr	114	24	opinions	opinion	NNS
cord-285458-g6esbbrr	114	25	that	that	WDT
cord-285458-g6esbbrr	114	26	the	the	DT
cord-285458-g6esbbrr	114	27	remainder	remainder	NN
cord-285458-g6esbbrr	114	28	of	of	IN
cord-285458-g6esbbrr	114	29	the	the	DT
cord-285458-g6esbbrr	114	30	truth	truth	NN
cord-285458-g6esbbrr	114	31	has	have	VBZ
cord-285458-g6esbbrr	114	32	any	any	DT
cord-285458-g6esbbrr	114	33	chance	chance	NN
cord-285458-g6esbbrr	114	34	of	of	IN
cord-285458-g6esbbrr	114	35	being	be	VBG
cord-285458-g6esbbrr	114	36	supplied	supply	VBN
cord-285458-g6esbbrr	114	37	"	"	''
cord-285458-g6esbbrr	114	38	(	(	-LRB-
cord-285458-g6esbbrr	114	39	95	95	CD
cord-285458-g6esbbrr	114	40	)	)	-RRB-
cord-285458-g6esbbrr	114	41	.	.	.
cord-285458-g6esbbrr	115	1	Europe	Europe	NNP
cord-285458-g6esbbrr	115	2	must	must	MD
cord-285458-g6esbbrr	115	3	fi	fi	VB
cord-285458-g6esbbrr	115	4	x	x	NN
cord-285458-g6esbbrr	116	1	its	-PRON-	PRP$
cord-285458-g6esbbrr	116	2	fi	fi	NNP
cord-285458-g6esbbrr	117	1	scal	scal	NNP
cord-285458-g6esbbrr	117	2	rules	rule	VBZ
cord-285458-g6esbbrr	117	3	Euro	Euro	NNP
cord-285458-g6esbbrr	117	4	area	area	NN
cord-285458-g6esbbrr	117	5	reform	reform	NN
cord-285458-g6esbbrr	117	6	can	can	MD
cord-285458-g6esbbrr	117	7	not	not	RB
cord-285458-g6esbbrr	117	8	ignore	ignore	VB
cord-285458-g6esbbrr	117	9	the	the	DT
cord-285458-g6esbbrr	117	10	monetary	monetary	JJ
cord-285458-g6esbbrr	117	11	realm	realm	NN
cord-285458-g6esbbrr	117	12	Subnational	Subnational	NNP
cord-285458-g6esbbrr	117	13	fi	fi	IN
cord-285458-g6esbbrr	117	14	scal	scal	NN
cord-285458-g6esbbrr	117	15	crises	crisis	NNS
cord-285458-g6esbbrr	117	16	From	from	IN
cord-285458-g6esbbrr	117	17	Balance	Balance	NNP
cord-285458-g6esbbrr	117	18	to	to	IN
cord-285458-g6esbbrr	117	19	Confl	Confl	NNP
cord-285458-g6esbbrr	117	20	ict	ict	NNP
cord-285458-g6esbbrr	117	21	:	:	:
cord-285458-g6esbbrr	117	22	A	a	DT
cord-285458-g6esbbrr	117	23	new	new	JJ
cord-285458-g6esbbrr	117	24	constitution	constitution	NN
cord-285458-g6esbbrr	117	25	for	for	IN
cord-285458-g6esbbrr	117	26	the	the	DT
cord-285458-g6esbbrr	117	27	EU	EU	NNP
cord-285458-g6esbbrr	117	28	Putting	put	VBG
cord-285458-g6esbbrr	117	29	Austerity	Austerity	NNP
cord-285458-g6esbbrr	117	30	to	to	IN
cord-285458-g6esbbrr	117	31	Bed	bed	NN
cord-285458-g6esbbrr	117	32	:	:	:
cord-285458-g6esbbrr	117	33	Technical	technical	JJ
cord-285458-g6esbbrr	117	34	progress	progress	NN
cord-285458-g6esbbrr	117	35	,	,	,
cord-285458-g6esbbrr	117	36	aggregate	aggregate	JJ
cord-285458-g6esbbrr	117	37	demand	demand	NN
cord-285458-g6esbbrr	117	38	and	and	CC
cord-285458-g6esbbrr	117	39	the	the	DT
cord-285458-g6esbbrr	117	40	supermultiplier	supermultiplier	NN
cord-285458-g6esbbrr	117	41	Farewell	Farewell	NNP
cord-285458-g6esbbrr	117	42	remarks	remark	VBZ
cord-285458-g6esbbrr	117	43	,	,	,
cord-285458-g6esbbrr	117	44	Frankfurt	Frankfurt	NNP
cord-285458-g6esbbrr	117	45	am	be	VBP
cord-285458-g6esbbrr	117	46	Main	Main	NNP
cord-285458-g6esbbrr	117	47	Adapting	adapt	VBG
cord-285458-g6esbbrr	117	48	the	the	DT
cord-285458-g6esbbrr	117	49	EU	EU	NNP
cord-285458-g6esbbrr	117	50	fi	fi	NNP
cord-285458-g6esbbrr	117	51	scal	scal	NNP
cord-285458-g6esbbrr	117	52	framework	framework	NN
cord-285458-g6esbbrr	117	53	to	to	IN
cord-285458-g6esbbrr	117	54	new	new	JJ
cord-285458-g6esbbrr	117	55	macroeconomics	macroeconomic	NNS
cord-285458-g6esbbrr	117	56	and	and	CC
cord-285458-g6esbbrr	117	57	political	political	JJ
cord-285458-g6esbbrr	117	58	realities	reality	NNS
cord-285458-g6esbbrr	117	59	,	,	,
cord-285458-g6esbbrr	117	60	EUI	EUI	NNP
cord-285458-g6esbbrr	117	61	Working	Working	NNP
cord-285458-g6esbbrr	117	62	Paper	Paper	NNP
cord-285458-g6esbbrr	117	63	Helicopter	Helicopter	NNP
cord-285458-g6esbbrr	117	64	money	money	NN
cord-285458-g6esbbrr	118	1	:	:	:
cord-285458-g6esbbrr	118	2	The	the	DT
cord-285458-g6esbbrr	118	3	time	time	NN
cord-285458-g6esbbrr	118	4	is	be	VBZ
cord-285458-g6esbbrr	118	5	now	now	RB
cord-285458-g6esbbrr	118	6	A	a	DT
cord-285458-g6esbbrr	118	7	More	more	RBR
cord-285458-g6esbbrr	118	8	Perfect	perfect	JJ
cord-285458-g6esbbrr	118	9	(	(	-LRB-
cord-285458-g6esbbrr	118	10	Fiscal	fiscal	JJ
cord-285458-g6esbbrr	118	11	)	)	-RRB-
cord-285458-g6esbbrr	118	12	Union	union	NN
cord-285458-g6esbbrr	118	13	:	:	:
cord-285458-g6esbbrr	118	14	US	US	NNP
cord-285458-g6esbbrr	118	15	Experience	experience	NN
cord-285458-g6esbbrr	118	16	in	in	IN
cord-285458-g6esbbrr	118	17	Establishing	establish	VBG
cord-285458-g6esbbrr	118	18	Continent	Continent	NNP
cord-285458-g6esbbrr	118	19	-	-	HYPH
cord-285458-g6esbbrr	118	20	Sized	Sized	NNP
cord-285458-g6esbbrr	118	21	Fiscal	Fiscal	NNP
cord-285458-g6esbbrr	118	22	Union	Union	NNP
cord-285458-g6esbbrr	118	23	and	and	CC
cord-285458-g6esbbrr	118	24	Its	-PRON-	PRP$
cord-285458-g6esbbrr	118	25	Key	key	JJ
cord-285458-g6esbbrr	118	26	Elements	element	NNS
cord-285458-g6esbbrr	119	1	Most	most	RBS
cord-285458-g6esbbrr	119	2	Relevant	relevant	JJ
cord-285458-g6esbbrr	119	3	to	to	IN
cord-285458-g6esbbrr	119	4	the	the	DT
cord-285458-g6esbbrr	119	5	Euro	Euro	NNP
cord-285458-g6esbbrr	119	6	Area	Area	NNP
cord-285458-g6esbbrr	119	7	On	on	IN
cord-285458-g6esbbrr	119	8	Liberty	Liberty	NNP
cord-285458-g6esbbrr	120	1	On	on	IN
cord-285458-g6esbbrr	120	2	falling	fall	VBG
cord-285458-g6esbbrr	120	3	neutral	neutral	JJ
cord-285458-g6esbbrr	120	4	real	real	JJ
cord-285458-g6esbbrr	120	5	rates	rate	NNS
cord-285458-g6esbbrr	120	6	,	,	,
cord-285458-g6esbbrr	120	7	fi	fi	NNP
cord-285458-g6esbbrr	120	8	scal	scal	NNP
cord-285458-g6esbbrr	120	9	policy	policy	NN
cord-285458-g6esbbrr	120	10	,	,	,
cord-285458-g6esbbrr	120	11	and	and	CC
cord-285458-g6esbbrr	120	12	the	the	DT
cord-285458-g6esbbrr	120	13	risk	risk	NN
cord-285458-g6esbbrr	120	14	of	of	IN
cord-285458-g6esbbrr	120	15	secular	secular	JJ
cord-285458-g6esbbrr	120	16	stagnation	stagnation	NN
cord-285458-g6esbbrr	120	17	Choosing	choose	VBG
cord-285458-g6esbbrr	120	18	the	the	DT
cord-285458-g6esbbrr	120	19	pace	pace	NN
cord-285458-g6esbbrr	120	20	of	of	IN
cord-285458-g6esbbrr	120	21	fi	fi	NNP
cord-285458-g6esbbrr	120	22	scal	scal	NNP
cord-285458-g6esbbrr	120	23	consolidation	consolidation	NN
cord-285458-g6esbbrr	120	24	EU	EU	NNP
cord-285458-g6esbbrr	120	25	Fiscal	Fiscal	NNP
cord-285458-g6esbbrr	120	26	Rules	Rules	NNPS
cord-285458-g6esbbrr	120	27	,	,	,
cord-285458-g6esbbrr	120	28	Issues	Issues	NNPS
cord-285458-g6esbbrr	120	29	and	and	CC
cord-285458-g6esbbrr	120	30	Lessons	Lessons	NNPS
cord-285458-g6esbbrr	120	31	from	from	IN
cord-285458-g6esbbrr	120	32	Political	Political	NNP
cord-285458-g6esbbrr	120	33	Economy	Economy	NNP
cord-285458-g6esbbrr	120	34	Covid	Covid	NNP
cord-285458-g6esbbrr	120	35	Perpetual	Perpetual	NNP
cord-285458-g6esbbrr	120	36	Eurobonds	eurobond	NNS
cord-285458-g6esbbrr	120	37	:	:	:
cord-285458-g6esbbrr	120	38	Jointly	jointly	RB
cord-285458-g6esbbrr	120	39	guaranteed	guarantee	VBN
cord-285458-g6esbbrr	120	40	and	and	CC
cord-285458-g6esbbrr	120	41	supported	support	VBN
cord-285458-g6esbbrr	120	42	by	by	IN
cord-285458-g6esbbrr	120	43	the	the	DT
cord-285458-g6esbbrr	120	44	ECB	ECB	NNP
cord-285458-g6esbbrr	120	45	,	,	,
cord-285458-g6esbbrr	120	46	VOX	VOX	NNP
cord-285458-g6esbbrr	120	47	CEPR	CEPR	NNP
cord-285458-g6esbbrr	120	48	Policy	Policy	NNP
cord-285458-g6esbbrr	120	49	Portal	Portal	NNP
cord-285458-g6esbbrr	120	50	Europe	Europe	NNP
cord-285458-g6esbbrr	120	51	's	's	POS
cord-285458-g6esbbrr	120	52	Quest	Quest	NNP
cord-285458-g6esbbrr	120	53	for	for	IN
cord-285458-g6esbbrr	120	54	Fiscal	Fiscal	NNP
cord-285458-g6esbbrr	120	55	Discipline	Discipline	NNP