Sustainable Prosperity for Europe

A New Deal to help save the euro

10 May 2011
Janis A. Emmanouilidis (Director of Studies) and Fabian Zuleeg (Chief Executive and Chief Economist)



In this commentary, Fabian Zuleeg and Janis A. Emmanouilidis argue in favour of a New Deal for the euro based on investment rather than transfers. The authors hold that the current support mechanisms will not be sufficient in the long term and that ultimately growth in the weakest euro countries will be the prerequisite for a sustainable reduction of their debt. Without growth, chances are high that it will only be possible to maintain Economic and Monetary Union with ongoing support, getting us closer to the ´transfer union' feared by many.

This article was published in European Voice on 5 May 2011.

A New Deal to help save the euro

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