How to ensure the survival of the monetary union
20 June 2017
At present the biggest threat to the monetary union is posed by the anti-European political parties. These parties call for their countries to leave the union. They are thriving especially in countries with slower economic growth and high unemployment rates. The best remedy against them is to increase economic growth and thus reduce the unemployment rate in their home countries.
The measures taken to achieve this need to be systematic, rather than merely temporary patches. In peripheral and semi-peripheral economies, undercapitalised banks and the lower competitiveness of domestic producers are slowing down growth. The correct measures to address these problems include banning dividend payouts by undercapitalised banks and creating minimum standards for competitiveness.
Read the full article in the June 2017 issue of the European View, the Martens Centre policy journal.
Online Event ‘Is it the Politics, not the Pandemic, that threatens the Eurozone?’
Live-streams - Multimedia
02 Apr 2020
Like the coronavirus, the euro zone must adapt or die
Articles and Op-Eds - In the Media
23 Mar 2020