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Tuesday, July 28, 2015

German Council of Economic Experts: Special Report of the Council

Advisory Council on the Economy: Special Report of the Council

Special Report of the Council

The recent conflict between the government of Greece and its partners in the euro area has shaken the very foundations of European Monetary Union. According to the German Council of Economic Experts, an independent body that advises the government in Berlin, these tensions have underlined the high urgency for further reforms.

While ZEW (Centre for European Economic Research) proposes (a)  a common unemployment insurance scheme at the supranational level, and (b) setting up insolvency procedures for countries that are facing the threat of national bankruptcy. 

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