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Why The European Periphery Needs A Post-Euro Strategy

Fazi, Thomas, (2016), “Why The European Periphery Needs A Post-Euro Strategy“, Social Europe, 25 February

In recent weeks, Germany has put forward two proposals for the ‘future viability’ of the EMU that, if approved, would radically alter the nature of the currency union. For the worse. The first proposal, already at the centre of high-level intergovernmental discussions, comes from the German Council of Economic Experts, the country’s most influential economic advisory group (sometimes referred to as the ‘five wise men’). It has the backing of the Bundesbank, of the German finance minister Wolfgang Schäuble and, it would appear, even of Mario Draghi.

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