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The MMF proposal: What's new, what's old, what's next?

On 2 May 2018, the European Commission released its proposal for the next Multiannual Financial Framework (MFF), covering the years 2021-27. ... read more


Takes two to tax. On fair taxation of the digital economy

The ongoing digital transformation poses enormous challenges to current tax law. This is, because value creation through intangibles raises problems ... read more


Should Bulgaria join the euro now? Why being a Maastricht model student isn't enough

The answer is: no – not yet. While the Bulgarian case for joining the euro seems compelling on first sight, neither Sofia nor Brussels should ... read more


No Escape from Politics: Four Tests for a Successful Fiscal Instrument in the Euro Area

With his proposal for a euro area budget, Emmanuel Macron has put a common fiscal Instrument back at the center of the euro area reform debate. ... read more


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Wake-Up Call after the Brexit Referendum

The Euro Area needs Reforms

The euro is not equipped for future crises. This is the result of the report by an international expert group. The report puts forward a three-step plan to Reform the European Economic and Monetary Union:

1. A first-aid kit for monetary Union that addresses shortcomings in crisis management and economic coordination.

2. Growth in the EU has to be strengthened by a combination of investments and reforms.

3. In the medium term, the euro has to be based on a large degree of risk sharing and sovereignty sharing.

This goes hand in hand with developing the permanent European rescue mechanism, the ESM, into a European Monetary Fund under greater parliamentary control. read more

10 Europa Briefings

Europa Briefings

Learn more about the Europa Briefing Series

In the publication series “Europa Briefing”, the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin cover key topics of European politics and present possible scenarios: What is the problem? What might happen next? And what can politics do now?

The series consists of ten poster-sized briefings that will be published throughout 2017. Each poster addresses a distinct policy area, ranging from low interest rates in the eurozone to the Four Freedoms governing the Single Market. read more