Currency and Financial Markets Europe Foreign Trade and International Economic Relations Macroeconomics

Franco-German proposal for a reform of the European monetary union

Fourteen economists from France and Germany are presenting a reform package aimed at making the euro area more robust and more resilient to crises as well as allow for sound public finances and stronger economic growth.

Find the joint press release of the German Institute for Economic Research (DIW Berlin) and ifo Institute – Leibniz Institute for Economic Research at the University of Munich including the paper Reconciling risk sharing with market discipline: A constructive approach to euro area reform[continue reading]

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Europe Foreign Trade and International Economic Relations Macroeconomics

Op-ed of Franco-German Economist Group on EMU reforms

The euro area has recently seen some good news. A broad-based economic recovery is under way. Significant institutional reforms have been achieved, particularly in the area of banking union. Significant economic reforms are under way in several countries, including in France.

As French and German economists committed to Europe and to the friendship between our countries, we are nonetheless concerned that the Euro area continues to face significant fragilities.  Addressing these requires a comprehensive, collaborative push for reforms. If this … [continue reading]

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