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Recommendations for Europe

Author

Listed:
  • Giuseppe Bertola
  • John Driffill
  • Harold James
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Ákos Valentinyi

Abstract

Chapter 2: Switzerland: Relic of the Past, Model for the Future? / Learn from the Swiss approach to diversity management. / Embrace pragmatic compromises as a way of laying firm foundations for common institutions and policies. / Adopt both a common legal and regulatory infrastructure, and a comprehensive and rigorous fiscal system. Chapter 3: Austerity: Hurting but Helping / Euro area policy-makers should deal with the periphery’s debt overhang / Countries in which the crisis has permanently changed the growth outlookneed to accept some degree of fiscal austerity and embrace downward wage flexibility. / Periphery countries should make their labour markets more flexible. / The fiscal policy framework in the periphery countries should be strengthened to lend more credibility to the fiscal programs. Chapter 4: Banking Union: Who Should Take Charge? / The ECB’s Comprehensive Assessment of Financial Institutions needs to be as rigorous and transparent in reality as claims suggest it will be. /Clarification of who will pay for the legacy problems revealed by the Comprehensive Assessment is essential. /The list of creditors exempt from bailing-in should be kept short.

Suggested Citation

  • Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2014. "Recommendations for Europe," EEAG Report on the European Economy, CESifo, vol. 0, pages 06-07, February.
    • Handle: RePEc:ces:eeagre:v::y:2014:i::p:06-07
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    1. Morgenthaler, Simon & Kuckshinrichs, Wilhelm & Witthaut, Dirk, 2020. "Optimal system layout and locations for fully renewable high temperature co-electrolysis," Applied Energy, Elsevier, vol. 260(C).
    2. Stahl, B.C. & Andreou, A. & Brey, P. & Hatzakis, T. & Kirichenko, A. & Macnish, K. & Laulhé Shaelou, S. & Patel, A. & Ryan, M. & Wright, D., 2021. "Artificial intelligence for human flourishing – Beyond principles for machine learning," Journal of Business Research, Elsevier, vol. 124(C), pages 374-388.
    3. Tzu-Chieh Lin & Kung Jeng Wang, 2021. "Project-based maturity assessment model for smart transformation in Taiwanese enterprises," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-19, July.

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