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We present the first evidence on public attitudes towards two prominent euro area reform proposals (European Unemployment Benefit Scheme and Sovereign Insolvency Procedure) and assess potential impediments to their implementation by means of a randomized survey experiment in Germany. We find...
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This work presents an original proposal for the reform of the Eurozone architecture according to an approach based on … new ESM would support the full transition from national debts to a single Eurozone public debt (e.g. Eurobonds) with a … a political consensus at the EU level to reinterpret to the no bailout rule enshrined in the treaties so that risk …
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Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic … the risk of a new sovereign debt crisis in this decade if it is not possible to bring public debt down to an acceptable … as well as with the hypothetical application of the new fiscal rule to eurozone economies from 2022 to 2026. Finally, we …
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We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had undergone many changes. These were mainly focused on risk...
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