| Author (Person) | Tilford, Simon |
|---|---|
| Publisher | Centre for European Reform (CER) |
| Series Title | Insight |
| Series Details | October 2014 |
| Publication Date | 20/10/2014 |
| Content Type | Journal | Series | Blog |
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There is a deal to be done to save the euro from deepening crisis. The outlines of it are generally accepted outside Germany: structural reforms in France and Italy and elsewhere combined with measures to strengthen their long-term fiscal positions; and in return, a large pan-eurozone fiscal stimulus and quantitative easing (QE) by the ECB. This offers the best way out of the current impasse in the eurozone, not just for the periphery but also for Germany. But it will take a political earthquake for the Germans to back such a deal. Instead, the stability of the euro and the futures of the participating countries will continue to be vulnerable to the short-term exigencies of German domestic politics. |
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| Source Link | http://www.cer.org.uk/insights/eurozone%E2%80%99s-german-problem |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Germany |
