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Looking for the silver bullet

The debate about the future of the European Stability Mechanism (ESM) has taken a centre stage in the discussion about the future of economic ... read more


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. ... read more


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 ... read more


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 ... 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