Economic theory explains why a single European currency didn’t bring geographical convergence—but only political action can realise that.
Philip Heimberger, Maximilian Krahé, Dominic Ponattu and Jens van 't Klooster
Philipp Heimberger is an economist at the Vienna Institute for International Economic Studies and the Institute for the Overall Analysis of the Economy (Johannes Kepler University Linz). Maximilian Krahé holds the Société fédérale des participations et d’investissement chair at the Royal Academy of Belgium and is founder of the think tank Dezernat Zukunft. Dominic Ponattu’s research focuses on company productivity and regional economics as well as economic policy in Europe. Jens van ‘t Klooster is a Research Foundation—Flanders postdoctoral researcher at KU Leuven and member of the research group ‘A New Normative Framework for Financial Debt’ at the University of Amsterdam.