Consequences of the Greek Crisis for a More Stable Euro Area

The 2015 conflict between the government of Greece and its partners in the euro area has shaken the very foundations of European Monetary Union. According to the German Council of Economic Experts, an independent body that advises the government in Berlin, these tensions have underlined the high urgency for further reforms.

For this purpose, the Council submitted in July 2015 a special report to the federal government called 'Consequences of the Greek Crisis for a More Stable Euro Area'.

• Primary Source

Der Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung: Konsequenzen aus der Griechenland-Krise für einen stabileren Euro-Raum, July 2015 http://www.sachverstaendigenrat-wirtschaft.de/fileadmin/dateiablage/download/sondergutachten/sg2015.pdf

GCEE: Press Release, 28.07.15: German Council of Economic Experts discusses reform needs to make the euro area more stable and proposes sovereign insolvency mechanism http://www.sachverstaendigenrat-wirtschaft.de/fileadmin/dateiablage/download/pressemitteilungen/gcee_press_release_07_15.pdf

Il Sole 24 Ore, 29.07.15: Germany's sages have no idea (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE167145-Germany-s-sages-have-no-idea

Wikipedia: German Council of Economic Experts https://en.wikipedia.org/wiki/German_Council_of_Economic_Experts

EurActiv, 29.07.15: German advisory council calls for exit option in the eurozone http://www.euractiv.com/sections/euro-finance/german-advisory-council-calls-exit-option-eurozone-316669

Politico, 29.07.15: German economists oppose eurozone integration http://www.politico.eu/article/german-economists-eurozone-integration-crisis-eu-grexit/

Der Standard, 30.07.15: Fatal call for Euro exit clause (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE167238-Fatal-call-for-Euro-exit-clause

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