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Stabilizing the euro : where do we stand? / Christoph M. Schmidt

Schmidt, Christoph M., 1962-

IFO DICE Report . ISSN2511-7823 . Munich : IFO Institut, Vol. 16, no 3 (2018) , p. 5-10

In its coalition agreement and in the months following its formation, the current German government provided strong indications that European issues are taking centre stage on its political agenda. In principle, this is good news for European integration. But the actual steps taken in this respect will be crucial to the success of this endeavour. Ultimately, only an incentive-compatible European architecture will constitute a sustainable engine of peace and prosperity. In my assessment, the key to ascertaining this stable architecture will be the adamant insistence on three essential principles: subsidiarity, the alignment of liability and control, and unity in diversity... [Da introd.]

crise monetária; euro; estabilidade financeira; política monetária; zona euro; União Europeia

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