Download publication

External Publication

Aufbruch in die Euro-Union

Warum ohne mehr Integration weitere Krisen drohen. Elf deutsche Ökonomen, Politologen und Juristen – die Glienicker Gruppe – entwickeln Vorschläge für ein vertieftes Europa

By: , , and Date: October 18, 2013 Topic: European Macroeconomics & Governance

This text is also available as a blog post ‘Towards a Euro Union‘ in English and as a pdf in French and German. See also the French Eiffel prosals ‘For a Euro Community‘ on our blog.

Glienicker Group: Armin von Bogdandy(Max-Planck-Institut for Comparative Law and International Law),Christian Calliess(FU Berlin),Henrik Enderlein(Hertie School of Governance),Marcel Fratzscher(DIW),Clemens Fuest(ZEW),Franz Mayer(Uni Bielefeld),Daniela Schwarzer(SWP),Max Steinbeis(Verfassungsblog),Constanze Stelzenmüller(German Marshall Fund), Jakob von Weizsäcker (Thüringer Wirtschaftsministerium),Guntram Wolff(Bruegel)

Warum ohne mehr Integration weitere Krisen drohen. Elf deutsche Ökonomen, Politologen und Juristen – die Glienicker Gruppe – entwickeln Vorschläge für ein vertieftes Europa

Krise, welche Krise? Nimmt man die öffentliche Stimmung in Deutschland ernst, dann gibt es wenig Anlass, sich über Europa noch große Sorgen zu machen. Die dramatischen Wochen, als man täglich mit dem Schlimmsten rechnen musste, liegen lange zurück. Die Finanzmärkte haben sich beruhigt. Die Konstruktionsfehler der Währungsunion scheinen entschärft, Ratspräsident Herman van Rompuy kann vor der UN-Vollversammlung in New York unwidersprochen behaupten, die „existenzielle Bedrohung des Euro“ sei „vorbei“ – und er ist nicht der einzige.


Sans plus d’intégration, de nouvelles crises se profilent. Onze économistes, politologues et juristes allemands – le Groupe Glienicker – élaborent des propositions pour une Europe approfondie.

La crise? Quelle crise? Si l’on prend au sérieux l’opinion publique allemande, il n’y a pas vraiment de raison de s’inquiéter pour l’Europe. Les semaines dramatiques durant lesquelles on craignait que l’euro s’effondre sont loin derrière nous. Les marchés financiers se sont calmés. Les erreurs de construction de l’Union économique et monétaire (UEM) semblent désamorcées ; le président du Conseil européen, Herman Van Rompuy, peut annoncer devant l’Assemblée générale des Nations Unies à New York, sans être contredit, que « la menace pesant sur l’existence même de l’euro est derrière nous ».


Without more integration, further crises are looming. Eleven German economists, political scientists and jurists – the Glienicker Group – develop proposals for a deeper Europe.

Crisis, what crisis? If public sentiment in Germany is anything to go by, there is little reason to worry about Europe. The period when it was feared that the euro might collapse seems a long time ago. Financial markets have calmed down. The design flaws of the monetary union seem to have been papered over, and European Council President Herman van Rompuy was able to claim, unchallenged, before the UN General Assembly in New York that the "existential threat to the euro" is over.


Warning: Invalid argument supplied for foreach() in /home/bruegelo/public_html/wp-content/themes/bruegel/content.php on line 449
View comments
Read article Download PDF More on this topic

Policy Brief

One size does not fit all: European integration by differentiation

The need for reform of the EU is increasingly urgent. The authors of this policy brief suggest a new governance model, combining a bare-bones EU with a 'Europe of clubs'. Such reform would offer scope for broad membership without stalling the process of integration for those that wish to pursue it.

By: Maria Demertzis, Jean Pisani-Ferry, André Sapir, Thomas Wieser and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: September 19, 2018
Read about event More on this topic

Past Event

Past Event

Crypto assets: is a regulatory framework needed?

The economic potential and risks of crypto assets: is a regulatory framework needed?

Speakers: Thierry Philipponnat and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: France Stratégie, 20 avenue de Ségur, 75007 Paris Date: September 19, 2018
Read about event More on this topic

Past Event

Past Event

Structural reforms in Europe: policy lessons from the crisis

When are structural reform efforts successful in fostering productivity and growth when and why do they fail?

Speakers: Ana Fontoura Gouveia, Paolo Manasse, Klaus Masuch and Alessio Terzi Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 18, 2018
Read article More on this topic More by this author

Blog Post

Reforming the EU fiscal framework

Researchers have often highlighted the problematic nature of the currently very complex EU fiscal framework. Here we review economists’ views on how it should be changed.

By: Silvia Merler Topic: European Macroeconomics & Governance Date: September 17, 2018
Read article More by this author

Podcast

Podcast

Director’s Cut: Europe’s migration policy challenge

Immigration is one of the most contentious policy matters currently facing the EU. In this Director’s Cut of ‘The Sound of Economics’ Bruegel director Guntram Wolff welcomes Ana Palacio, member of the Spanish council of state and former foreign affairs minister, as well as Bruegel visiting fellow Elina Ribakova for a constructive discussion as to which approaches will yield the best results.

By: The Sound of Economics Topic: European Macroeconomics & Governance, Global Economics & Governance Date: September 14, 2018
Read article More on this topic

Blog Post

The economic case for an expenditure rule in Europe

Proposals for reforming the euro area back on the agenda. An overhaul of the European fiscal rules should be on high on this agenda, because the current fiscal framework has not worked well. This column proposes substituting the numerous and complex present rules with a new, simple rule focused on limiting annual growth rate of expenditures.

By: Zsolt Darvas, Philippe Martin and Xavier Ragot Topic: European Macroeconomics & Governance Date: September 13, 2018
Read article Download PDF More on this topic

External Publication

The EU’s Multiannual Financial Framework and some implications for CESEE countries

Bruegel scholars Zsolt Darvas and Guntram Wolff contributed to the September 2018 edition of the OeNB's Focus on European Economic Integration.

By: Zsolt Darvas and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: September 12, 2018
Read about event More on this topic

Past Event

Past Event

Reforming Europe's fiscal framework

This event will discuss reforming Europe's fiscal framework in order to make it less complex and more effective.

Speakers: Zsolt Darvas, Lars Feld, Philippe Martin, Lucio Pench and Beatrice Pierluigi Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 12, 2018
Read article More on this topic More by this author

Opinion

Should central European EU members join the euro zone?

Eurozone membership (or the use of a fixed exchange rate) was not a factor determining economic success in Central Europe. There were both good and bad macroeconomic performances in both the flexible and the fixed exchange rate regimes of Central European countries. The implication is that Central European “outs” could be economically successful both with and without the euro, yet the EU is not only about economic benefits.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: September 11, 2018
Read about event More on this topic

Upcoming Event

Oct
23
12:30

Europe: Back to the future of a political project

This event will feature a discussion on different ideas for reforming European Governance.

Speakers: Ulrike Guerot, Adriaan Schout and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article More on this topic

Blog Post

The higher yield on Italian government securities could soon be a burden for the real economy

The increase in the spread between Italian (BTP) and German (Bund) government securities is directly an additional burden for Italy public finance, and thus for tax payers. But it could soon also become a burden for the real economy, as the increased yield on Italian government securities could pull up the cost of bank loans for Italian firms, thus imparting a deflationary impact onto the economy.

By: Francesco Papadia and Inês Goncalves Raposo Topic: European Macroeconomics & Governance Date: September 10, 2018
Read article Download PDF

Policy Contribution

The economic potential and risks of crypto assets: is a regulatory framework needed?

What is the economic potential and the risks of crypto assets? Regulators and supervisors have taken great interest in these new markets. This Policy Contribution is a version of a paper written at the request of the Austrian Presidency of the Council of the European Union for the informal ECOFIN meeting of EU finance ministers and central bank governors.

By: Maria Demertzis and Guntram B. Wolff Topic: European Macroeconomics & Governance, Testimonies Date: September 6, 2018
Load more posts