Mubasher: A recent report by the International Monetary Fund (IMF) said that the eurozone’s expansion is slowing to a more moderate pace.

“Global and domestic risks are rising, including escalating trade tensions, policy complacency among member states, and political shocks,” the report noted.

Rebuilding fiscal buffers and addressing structural issues, completing the banking union and advancing the capital markets union is necessary to foster greater private sector risk sharing.

“A central fiscal capacity would strengthen the currency union’s ability to cope with shocks,” the report further added.