Current Size: 68%
The French are gloomy about their relationship with the Germans and the chances of economic growth. But they are working on new ideas for eurozone governance.
The ECB should stop waiting for German approval of more aggressive monetary policy, and Germany should back the ECB more openly.
A eurozone-wide public investment stimulus is neither impossible nor mad, but should be part of a strategy to pull the economy off the rocks.
Eurozone stagnation will encourage migration to Britain, boost its EU budget contributions, and rebalance its trade towards non-EU markets. This will embolden eurosceptics.
The programmes for Greece are not working. It is time for a new approach that focuses on the long-term and Greek ownership.
Germany’s uncompromising stance is short-sighted, and poses a greater risk to its economic and political interests than a ‘grand bargain’ with the French and Italians.
The goal of a capital markets union should be to develop healthy non-bank sources of finance. This should be achieved mainly by liberating, not controlling markets.
Disput um Geldpolitik - Debatte