The Integrated percentile is calculated as the average of the Growth percentile, Financial Returns percentile and (100% - Multiple percentile). Financial Returns and Multiple use the Goldman Sachs analyst forecasts at the fiscal year-end at least three quarters in the future. Growth uses inputs ...
One camp sees it as an essential complement to monetary union; others, including the British government, see it as an unacceptable loss of sovereignty over fiscal policy. For the moment, the European Commission is unwilling to press ahead with a plan that would need unanimous support but would...