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Jacques Delors Institut - Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Convergence: Are the Eurozone countries too different?

The Eurozone countries are economically different. The crisis has rendered some of these differences more acute and this could destabilize the currency union. The Eurozone countries therefore need to agree on which type of convergence is most important to them and the best...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

EU budget: What’s the cost of Europe?

The European Union’s budget is relatively small but how it is financed and for what purpose it is used is controversial. The debate around this issue is coming to a head with the pending departure of the United Kingdom. Where does the EU get its money from? Who benefits from...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Banking Union: How stable are Europe’s banks?

The euro crisis was, besides an economic and sovereign debt crisis, a full-blown banking crisis. The Banking Union was thus created precisely to break the vicious circle of ailing banks and weak government finances in the Eurozone. For the moment, it consists of a European...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Low interest rates: Is the ECB’s policy correct?

Since 2013, inflation in the euro area has been too low. In order to revive the economy and bring inflation back to target, the European Central Bank has implemented a low interest-rate policy which includes a bond-buying programme known as quantitative easing or QE. The...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Sovereign debt: Do we need an EU solution?

High levels of sovereign debt have become a serious issue in the Eurozone. This does not just affect the individual member states: The European debt crisis has shown that difficulties in one euro-area country can spread to the entire currency union. What strategies are being...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Economic government: What kind of coordination for the Eurozone?

How are decisions made in the euro area? And how democratic are they? These questions moved to the centre of the debate during the euro crisis. Under tremendous time pressure, solutions had to be found for stabilising the euro. New institutions and rules were created such as...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

European taxes: Do we need them?

In the European Union, each member state is responsible for its tax system. Different national regimes help with tax competition, but can also lead to tax evasion or unfair rules in the Single Market. That is why better coordination or even standardisation of taxes is...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

The four freedoms in the EU: Are they inseparable?

The four freedoms govern the movement of goods, persons, services and capital within the EU. They are the cornerstones of the Single Market and the common currency. Many citizens see them as the greatest achievement of the European unification project. Brexit has reignited...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Leaving the euro: An emergency exit for the currency union?

The euro does not provide its members with any option to leave. This protects the common currency against speculative attacks on the one hand. The euro crisis demonstrated on the other hand how difficult it is for Eurozone countries to constructively solve economic and...

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Jacques Delors Institut – Berlin, Bertelsmann Stiftung (Publisher) (PDF)2017

Imbalances: Should the EU intervene?

Economic imbalances keep recurring in the EU. Differences in trade balances dominate the debate. Germany has been generating very high surpluses for years and meets criticism for this reason. Are imbalances a threat to the EU, and what role does the euro play in this? Should...

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