The eurozone lacks the scaffolding to withstand the symmetrical shock of the next recession, which could imperil the euro itself. That the eurozone is incomplete is an assessment shared by almost all economists and economic policy-makers. The prevailing opinion is that the European banking union is the most important missing part, in connection with a […]
Jan Priewe is emeritus professor of economics at HTW Berlin—University of Applied Sciences and senior research fellow at the Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation Düsseldorf. He is co-editor of Still Time to Save the Euro and Saving the Euro: Redesigning Euro Area Economic Governance (Social Europe 2019 and 2018).