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Transition To Transfers: Options For EMU Level Unemployment Insurance

Andor, László, (2016), “Transition To Transfers: Options For EMU Level Unemployment Insurance”, Social Europe, 29 Αugust

In his new book on the euro, Joseph Stiglitz mentions unemployment insurance as part of a reform program that could make monetary union sustainable and palatable in Europe. The idea is not entirely new, and recent years have seen a good deal of studies and conferences exploring its costs and benefits. In documents like the Four (2012) and Five (2015) Presidents’ Reports, divergence has been identified as a destabilizing trend in the eurozone and the search for remedies has been ongoing. But time is running out in the face of renewed economic and political threats to EMU; we cannot let this search go on until it is too late to save the euro.

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