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.
- Mongelli, Francesco Paolo, Reinhold, Elisa, Papadopoulos, Georgios, (2016), “What’s so special about specialization in the euro area? – Early evidence of changing economic structures”, European Central Bank, Occasional Paper Series, No 168, February.
- Garcia-de-Andoain, Carlos, Heider, Florian, Hoerova, Marie, Manganelli, Simone, (2016), “Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area”, European Central Bank Working Paper, No 1886, February.