This article has first been published as "Do not perpetuate the Dutch disease in Europe: Lessons from German Reunification for a European Fiscal Union", Ifo viewpoint no. 170, 11/2015, and VoxEU, November 1st, 2015. It has been published in German as "Die deutsche Vereinigung als Vorbild für Europa?", Frankfurter Allgemeine Zeitung, October 2nd, 2015, p. 22.

Translation for Commentaire by Isabelle Hausser.