A good decade after the introduction of the euro a deep rift is running through Europe. Unemployment remains high in the south, where the economy is in the doldrums. The North, on the other hand, has been obliged to play the role of paymaster and is being held hostage by the ECB. Dissatisfaction with this situation is growing on both sides. This webpage features articles by Hans-Werner Sinn on the fundamental design flaws of the Eurosystem. It demonstrates that the policies followed are endangering the market economy, democracy and peace in Europe and shows how these dangers can be countered.
Presentations
“The Situation in Greece and the Future of Europe”, Munich Seminars with Prof. Yanis Varoufakis, former Minister of Finance of Greece, October 28th, 2015, English.
“The Greek Tragedy”, Opening Speech, Conference on Sovereign Debt from an Economic Perspective: Crisis Resolution and Measurement, July 8th, 2015, English.
Book presentation “The Euro Trap. On Bursting Bubbles, Budgets, and Beliefs” by Hans-Werner Sinn, 11.11.2014, English.
Ifo Interview with Hans-Werner Sinn on "The Euro Trap. On Bursting Bubbles, Budgets, and Beliefs", November 11th, 2014, English.
Refereed scientific monographs
The Euro Trap. On Bursting Bubbles, Budgets and Beliefs, Oxford University Press: Oxford, 2014, 416 pages. Korean edition, Hantee Media Publishing, Seoul, Korea, 2015. To Amazon.
Smaller, non-refereed scientific monographs
Rescuing Europe, CESifo Forum 11, special issue August 2010, 22 pages (Download, 3.7 MB). (Reprinted in: Socioekonomické a humanitní studie [Studies of Socio-Economics and Humanities] 1/2011 Vol. 1, 8–26); (Download, 1.5 MB).
Articles in refereed journals
"The ECB's Fiscal Policy", International Tax and Public Finance 25(6), June 2018, pp. 1404-1433; NBER Working Paper No. 24613, May 2018; CESifo Working Paper No. 7019, April 2018.
"Austerity, Growth and Inflation: Remarks on the Eurozone’s Unresolved Competitiveness Problem", The World Economy 37 (1), 2014, pp. 1-13 (Download, 271 KB), CESifo Working Paper No. 4086, January 2013 (Download, 207 KB).
Policy Contributions in Journals and Academic Volumes
“Do not perpetuate the Dutch Disease in Europe: Lessons from German reunification for a European Fiscal Union” (together with Gerlinde Sinn), VOX, www.voxeu.org, November 1st, 2015.
"Why the taxpayer is on the hook", VOX, www.voxeu.org, February 24th, 2015.
"World Champion Capital Exporter", The International Economy, Summer 2014, XXVIII, No. 3, pp. 24–25.
"Responsibility of States and Central Banks in the Euro Crisis", CESifo Forum 15 (1), 2014, pp. 3-36; (Download, 2.86 MB).
"Introduction: relaunching Europe: problems, reform strategies and future options", CESifo Forum 14 (3), 2013, pp. 8-13; (Download, 1.87 MB).
"Saving the European Union: Are Eurobonds the Answer?", (with George Soros), CESifo Forum 14 (2), 2013, pp. 41-48; (Download, 1.69 MB).
"European Imbalances" (with Akos Valentinyi), VOX, www.voxeu.org, March 9th, 2013.
"Mutualisation and Constitutionalisation" (with Harold James), VOX, www.voxeu.org, February 26th, 2013.
"The European Balance of Payments Crisis: An Introduction", in: H.-W. Sinn, ed., The European Balance of Payments Crisis, CESifo Forum 13, Special Issue January, 2012, pp. 3–10 (Download, 368 KB).
"Greek Tragedy", VOX, www.voxeu.org, July 26th, 2011.
"How to Rescue the Euro: Ten Commandments", CESifo Forum 12 (4), 2011, pp. 52-56; (Download, 355 KB).
"How to Rescue the Euro: Ten Commandments", VOX, www.voxeu.org, October 3rd, 2011.
"Europe at a Crossroads: The Role of the State in a Globalised Economy - Introduction", CESifo Forum 12, 2011, No. 3, pp. 9-17; (Download, 1.2 MB).
"Trade Imbalances – Causes, Consequences and Policy Measures: Ifo’s Statement for the Camdessus Commission", (with Teresa Buchen and Timo Wollmershäuser), CESifo Forum 12 (1), 2011, pp. 47-58; (Download, 151 MB).
"A Euro Rescue Plan", (with Wolfgang Franz, Clemens Fuest, Martin Hellwig), CESifo Forum 11 (2), 2010, pp. 101-104; (Download, 616 KB).
"The Euro, Interest Rates and European Economic Growth", (with Robert Koll), CESifo Forum 1 (3), 2000, pp. 30-31; (Downlaod, 192 KB).
Short Policy Contributions and Newspaper Articles
“Can the Islamic State Unify Europe?”, (ref. Project Syndicate November 2015).
"Why ECB QE may not mean a safe retirement", CNBC, May 12th, 2015.
"Europe’s Keynesian Dream – A neo-classical recipe for a neo-classical problem", The International Economy, Winter 2015, p. 38-39, 56.
"Europe’s Shadow Budget", (ref. Project Syndicate December 2014).
"Juncker’s shadow Bank", www.euobserver.com, December 2nd, 2014.
"Europe’s Brush with Debt", (ref. Project Syndicate October 2014), Les Echos (Mali), Global Times (China), The Korean Herald (Korea, South), Lianhe Zaobao (Singapore), Business Weekly (Taiwan), Die Presse (Austria), Handelsblatt (Germany). La Tribune (France), Vilaggazdasag (Hungary), Il Sole – 24 Ore (Italy), Project Syndicate Polska (Poland), Finanz und Wirtschaft (Switzerland), World Economic Forum (Switzerland), L'agefi (Switzerland), The Guardian (United Kingdom), Expreso (Ecuador), Jewish Business News (Israel), Al Bayan (United Arab Emirates).
"Italy`s Download Spiral", (ref. Project Syndicate August 2014), Les Echos (Mali), The New Times (Rwanda), Caijing Magazine (China), Global Times (China), The Japan Times (Japan), The Korea Times (Korea, South), Taipei Times (Taiwan), Die Presse (Austria), Handelsblatt (Germany).Poslovni Dnevnik (Croatia), Ekonom (Czech Republic), Borsen (Denmark), La Tribune (France), Il Sole – 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Project Syndicate Polska (Poland), Jornal de Negocios (Portugal), Finance (Slovenia), Finanz und Wirtschaft (Switzerland), L’Agefi (Switzerland), World Economic Forum (Switzerland), The Guardian (United Kingdom), Expreso (Ecuador), Jordan Times (Jordan), L’Orient le Jour (Lebanon), Al Shabiba (Oman), RealClearPolitics (United States).
"Europe’s Next Moral Hazard", (ref. Project Syndicate April 2014), Les Echos (Mali), Business Day (Nigeria), The New Times (Rwanda), Global Times (China), The Japan Times (Japan), The Korea Herald (Korea, South), Business Weekly (Taiwan), BH Dani (Bosnia and Herzegovina), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Project Syndicate Polska (Poland), Jornal De Negocios (Portugal), Finance (Slovenia), Expansion (Spain), Finanz Und Wirtschaft (Switzerland), L'agefi (Switzerland), Jewish Business News (Israel), Jordan Times (Jordan), Al Jarida (Kuwait), Al Shabiba (Oman), RealClearPolitics (United States).
"Improving the Euro", The International Economy, Winter 2014, XXVIII, No. 1, p. 15-16.
"Comment on Paul De Grauwe", EUROPP Blog, March 10th, 2014.
"Outright Monetary Infractions", (ref. Project Syndicate February 2014), Les Nouvelles (Madagascar), Les Echos (Mali), The New Times (Rwanda), Global Times (China), Poslovni Dnevnik (Croatia), Project Syndicate Polska (Poland), Al Jarida (Kuwait), CNBC (United States), L'echo (Belgium), Kauppalehti (Finland), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Expansion (Spain), L'agefi (Switzerland), Finanz Und Wirtschaft (Switzerland), World Finance (United Kingdom).
"Rescuing Europe from the Ground Up", (ref. Project Syndicate December 2013), Les Echos (Mali), Caijing Magazine (China), Global Times (China), The Japan Times (Japan), The Korea Herald (Korea, South), KiniBiz (Malaysia), Al Shabiba (Oman), Times of Oman (Oman), Ekonom (Czech Republic), The Prague Post (Czech Republic), Koha Ditore (Kosovo), Project Syndicate Polska (Poland), Finance (Slovenia), Expreso (Ecuador), Die Presse (Austria), Borsen (Denmark), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Finanz Und Wirtschaft (Switzerland), The Guardian (United Kingdom).
"Why Draghi was Wrong to Cut Interest Rates", Financial Times, November 14th, 2013, p. 9.
"In Praise of Debt Ceilings", (ref. Project Syndicate October 2013), Les Echos (Mali), Caijing Magazine (China), The Korea Herald (Korea, South), KiniBiz (Malaysia), Lianhe Zaobao (Singapore), The Sunday Times (Sri Lanka), Poslovni Dnevnik (Croatia), Vilaggazdasag (Hungary), Project Syndicate Polska (Poland), RealClearPolitics (United States), L'echo (Belgium), Borsen (Denmark), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Finanz Und Wirtschaft (Switzerland), L'agefi (Switzerland), Jornal De Negocios (Portugal).
"Saving Europe’s Real Hegemon", (ref. Project Syndicate August 2013), La Nouvelle Expression (Cameroon), Les Nouvelles (Madagascar), Les Echos (Mali), Caijing Magazine (China), Global Times (China), The Korea Herald (Korea, South), The Edge (Malaysia), Al Jarida (Kuwait), Al Shabiba (Oman), Al Eqtisadiah (Saudi Arabia), Finance (Slovenia), Ekonom (Czech Republic), L'echo (Belgium), La Tribune (France), Handelsblatt (Germany), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Finanz Und Wirtschaft (Switzerland), The Guardian (United Kingdom).
"A Question of Money", The International Economy, Summer 2013, XXVII, No. 3, p. 54.
"It is wrong to portray Germany as the euro winner", Financial Times, July 23rd, 2013, No. 38, 295, p. 9.
"Germany’s Case Against the ECB", (ref. Project Syndicate June 2013), Les Nouvelles (Madagascar), Les Echos (Mali), Caijing Magazine (China), Chosun Ilbo Weekly Biz (Korea, South), The Korea Herald (Korea, South), Al Jarida (Kuwait), L'Orient le Jour (Lebanon), Al Eqtisadiah (Saudi Arabia), Finance (Slovenia), L'echo (Belgium), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), L'agefi (Switzerland), Finanz Und Wirtschaft (Switzerland), Jornal De Negocios (Portugal), The Guardian (United Kingdom).
"Should Germany Exit the Euro?", (ref. Project Syndicate April 2013), Les Nouvelles (Madagascar), Les Echos (Mali), Caijing Magazine (China), The Korea Herald (Korea, South), Business Weekly (Taiwan), Poslovni Dnevnik (Croatia), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Baltische Rundschau (Lithuania), Verslo Zinios Online (Lithuania), Weekly NIN (Serbia), Finance (Slovenia), Expreso (Ecuador), Jordan Times (Jordan), L'Orient le Jour (Lebanon), The Daily Star (Lebanon), Times Of Oman (Oman), RealClearPolitics (United States), Die Presse (Austria), The Vienna Review (Austria), L'echo (Belgium), Financial Mirror (Cyprus), Borsen (Denmark), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Dagens Naeringsliv (Norway), L'agefi (Switzerland), Finanz Und Wirtschaft (Switzerland), Tagesanzeiger (Switzerland), Jornal De Negocios (Portugal), The Guardian (United Kingdom).
"The Collateral Damage of Europe's Rescue", (ref. Project Syndicate February 2013), Les Echos (Mali), Caijing Magazine (China), The Korea Herald (Korea, South), The Edge (Malaysia), Poslovni Dnevnik (Croatia), Wyborcza.Biz (Poland), Weekly NIN (Serbia), Al Shabiba (Oman), Times Of Oman (Oman), De Tijd (Belgium), L'echo (Belgium), Borsen (Denmark), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), L'agefi (Switzerland), Finanz Und Wirtschaft (Switzerland), Jornal De Negocios (Portugal).
"The eurozone´s banking union is deeply flawed" (together with Harald Hau), Financial Times, January 29th, 2013, No. 38, 146, p. 9.
"A Second Chance for European Reform", (ref. Project Syndicate December 2012), Les Echos (Mali), Business Day (Nigeria), Caijing Magazine (China), The Korea Herald (Korea, South), Ekonom (Czech Republic), Wyborcza.Biz (Poland), Forbes UA (Ukraine), Times Of Oman (Oman), Eqtisadiah (Saudi Arabia), L'echo (Belgium), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), L'agefi (Switzerland), World Finance (United Kingdom).
"Europe's Path to Disunity", (ref. Project Syndicate October 2012), Les Echos (Mali), Caijing Magazine (China), The Korea Herald (Korea, South), The Straits Times (Singapore), Taipei Times (Taiwan), Poslovni Dnevnik (Croatia), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Warsaw Business Journal (Poland), Wyborcza.Biz (Poland), Finance (Slovenia), Jordan Times (Jordan), Al Jarida (Kuwait), The Daily Star (Lebanon), Al Shabiba (Oman), Al Eqtisadiah (Saudi Arabia), Alrroya Aleqtissadiya (United Arab Emirates), De Tijd (Belgium), European Voice (Belgium), L'echo (Belgium), La Tribune (France), Het Financieele Dagblad (Netherlands), Sydsvenskan (Sweden), L'agefi (Switzerland), Le Temps (Switzerland), The Guardian (United Kingdom).
"Judgment Day for the Eurozone" (ref. Project Syndicate August 2012), Les Echos (Mali), Caijing Magazine (China), The Japan Times (Japan), The Korea Herald (Korea, South), Taipei Times (Taiwan), Poslovni Dnevnik (Croatia), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Wyborcza.biz (Poland), Expreso (Ecuador), Jordan Times (Jordan), Al Jarida (Kuwait), L’Orient le Jour (Lebanon), Al Shabiba (Oman), Times Of Oman (Oman), Alrroya Aleqtissadiya (United Arab Emirates), RealClearPolitics (United States), De Tijd (Belgium), L'echo (Belgium), La Tribune (France), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Finanz Und Wirtschaft (Switzerland), L'agefi (Switzerland), The Guardian (United Kingdom).
"Our opt-in opt-out solution for the euro" (together with Friedrich Sell), Financial Times, August 1st, 2012, No. 37, 994, p. 9.
"The European Banking Union", (ref. Project Syndicate June 2012), Les Echos (Mali), Caijing Magazine (China), China Daily Online (China), The Japan Times (Japan), The Korea Herald (Korea, South), Poslovni Dnevnik (Croatia), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Utrinski Vesnik (Macedonia), Wyborcza.Biz (Poland), Expreso (Ecuador), Al Jarida (Kuwait), Al Eqtisadiah (Saudi Arabia), Alrroya Aleqtissadiya (United Arab Emirates), De Tijd (Belgium), L'echo (Belgium), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Jornal De Negocios (Portugal), Finanz Und Wirtschaft (Switzerland), L'agefi (Switzerland), The Guardian (United Kingdom), The New Economy (United Kingdom).
"Why Berlin Is Balking on a Bailout", The New York Times, June 13th, 2012, Vol. CLXI No. 55,801, p. A23..
"A Crisis in Full Flight", (ref. Project Syndicate April 2012) Les Nouvelles (Madagascar), Les Echos (Mali), Caijing Magazine (China), The Korea Herald (Korea, South), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Wyborcza.Biz (Poland), Expreso (Ecuador), Jordan Times (Jordan), Al Eqtisadiah (Saudi Arabia), Alrroya Aleqtissadiya (United Arab Emirates), De Tijd (Belgium), L'echo (Belgium), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Jornal De Negocios (Portugal), Finanz Und Wirtschaft (Switzerland), L'agefi (Switzerland).
"A Euro Sabbatical", (ref. Project Syndicate February 2012), Les Echos (Mali), Cambodia Herald (Cambodia), Caijing Magazine (China), China Daily Online (China),The Korea Herald (Korea, South), The Nation (Thailand), Ekonom (Czech Republic), Vilaggazdasag (Hungary), Wyborcza.Biz (Poland), Finance (Slovenia), Al Jarida (Kuwait), Times Of Oman (Oman), Al Raya (Qatar), Alrroya Aleqtissadiya (United Arab Emirates), Pontransat.Com (Canada),De Tijd (Belgium), L'echo (Belgium), Handelsblatt (Germany), Il Sole - 24 Ore (Italy), Het Financieele Dagblad (Netherlands), Jornal De Negocios (Portugal), Expansion (Spain), L'agefi (Switzerland).
"Two Models for Europe", (ref. Project Syndicate December 2011), Les Echos (Mali), The New Times (Rwanda), The Korea Herald (Korea, South), Aripaev (Estonia), Vilaggazdasag (Hungary), Wyborcza.Biz (Poland), Tyzden (Slovakia), Pagina Siete (Bolivia), The News (Mexico), Jordan Times (Jordan), Al Eqtisadiah (Saudi Arabia), Alrroya Aleqtissadiya (United Arab Emirates), Business Insider (United States), Die Presse (Austria), Taloussanomat (Finland), Het Financieele Dagblad (Netherlands), Jornal De Negocios (Portugal), L'agefi (Switzerland).
"The Trouble with Eurobonds", (ref. Project Syndicate September 2011), Les Echos (Mali), The New Times (Rwanda), Caijing Magazine (China), China Daily (China), Jakarta Post (Indonesia), The Korea Herald (Korea, South), Business Weekly (Taiwan), Taipei Times (Taiwan), Poslovni Dnevnik (Croatia),Vilaggazdasag (Hungary), Wyborcza.Biz (Poland), Tyzden (Slovakia), El Cronista (Argentina), The Guatemala Times (Guatemala), Jordan Times (Jordan), Al Jarida (Kuwait), Al Qabas (Kuwait), Al Raya(Qatar), Alrroya Aleqtissadiya (United Arab Emirates), Business Insider (United States), De Tijd(Belgium), L'echo (Belgium),Handelsblatt (Germany), Il Sole - 24 Ore (Italy), Het Financieele Dagblad(Netherlands), Expansion (Spain), Sydsvenskan (Sweden), Finanz Und Wirtschaft (Switzerland), L'agefi(Switzerland), European Ceo (United Kingdom).
"Why the rescue fund is large enough", VOX, www.voxeu.org, February 19th, 2011.
"Why Europe Needs Automatic Haircuts", (ref. Project Syndicate February 2011), Les Echos (Mali), The New Times (Rwanda), Caijing Magazine (China), China Daily (China), The Korea Herald (Korea, South), Wyborcza.Biz (Poland), Al Shabiba (Oman), Al Raya (Qatar), Al Eqtisadiah (Saudi Arabia), De Tijd (Belgium), L'echo (Belgium), Börsen Zeitung (Germany), Il Sole - 24 Ore (Italy), Jornal De Negocios(Portugal), L'agefi (Switzerland), World Finance (United Kingdom), Turkish Weekly (Turkey).
"Europe’s Instability Mechanism", (ref. Project Syndicate December 2010), Les Nouvelles (Madagascar), Les Echos (Mali), The Australian Financial Review (Australia), Caijing Magazine (China), China Daily (China), The Japan Times (Japan), The Korea Herald (Korea, South), The Edge (Malaysia), Business World (Philippines), Taipei Times (Taiwan), Aripaev (Estonia), Wyborcza.Biz (Poland), Tyzden (Slovakia), Finance (Slovenia), The Guatemala Times (Guatemala), Al-Sabah Al-Jadeed (Iraq), Jordan Times (Jordan), Al Jarida (Kuwait), Al Eqtisadiah (Saudi Arabia), La Tribune (France), Boersen Zeitung (Germany), Jornal De Negocios (Portugal), Expansion (Spain), L'agefi (Switzerland).
"Is Germany the Euro's Big Winner?", The Wall Street Journal online, October 28th, 2010.
"Gazelles and Turtles", (ref. Project Syndicate August 2010), The New Times (Rwanda), Caijing Magazine (China), China Daily (China), The Japan Times (Japan), The Korea Herald (Korea, South), Business World (Philippines), Lianhe Zaobao (Singapore), Poslovni Dnevnik (Croatia), Aripaev (Estonia), Vilaggazdasag (Hungary), Vijesti (Montenegro), Gazeta Wyborcza (Poland), Tyzden (Slovakia), Finance (Slovenia), Al-Sabah Al-Jadeed (Iraq), Jordan Times (Jordan), Al Jarida (Kuwait), Al Eqtisadiah (Saudi Arabia), Victoria Advocate (United States), Die Presse (Austria), Börsen Zeitung (Germany), Il Sole - 24 Ore (Italy), Jornal De Negocios (Portugal), L'Agefi (Switzerland).
"Reining In Europe’s Debtor Nations", (ref. Project Syndicate April 2010), Les Echos (Mali), The New Times (Rwanda), The Japan Times (Japan), The Korea Herald (Korea, South), Business World (Philippines), Lianhe Zaobao (Singapore), The Nation (Thailand), L'echo (Belgium), Taloussanomat (Finland), Boersen Zeitung (Germany), Vilaggazdasag (Hungary), Jornal De Negocios (Portugal), Tyzden (Slovakia), Finance (Slovenia), L'agefi (Switzerland), O Estado De Sao Paulo (Brazil), Jordan Times (Jordan), Al Watan Daily (Kuwait), Alrroya Aleqtissadiya (United Arab Emirates).
"What Euro Crisis?", (ref. Project Syndicate June 2010), Business Day (Nigeria), The New Times(Rwanda), Phnom Penh Post (Cambodia), China Daily (China), The Japan Times (Japan), Business World (Philippines), Vilaggazdasag (Hungary), Finance (Slovenia), Al-Sabah Al-Jadeed (Iraq), The Daily Star (Lebanon), Al Eqtisadiah (Saudi Arabia), L'Echo (Belgium), Borsen (Denmark), Börsen Zeitung (Germany), Jornal De Negocios (Portugal), Sydsvenskan (Sweden), L'Agefi (Switzerland).
"How to Save the Euro", The Wall Street Journal, April 20th, 2010, No. 55, p. 12.
Newspaper Interviews and Discussions (since 2002)
"Europe should follow Irish example on austerity, says economist", RTE, January 23rd, 2015.
"Cameron is right over EU restructuring, says German economist", WalesOnline, June 19th, 2013.
"Is the EMU sustainable in its current form?", Goldman Sachs - Economics, Commodities and Strategy Research, May 16th, 2013, No. 2, p. 8.
"Euro exit could benefit Germany says Hans-Werner Sinn", Irish Times online, May 7th, 2013.
"The wages of Sinn", IPE Magazine online, July 3rd, 2012.
"Inevitable austerity", arcVision, July 1st, 2012.
"Gaining currency - fatal-flaw theories about the euro zone", The National, May 24th, 2012.
Bogenberg Declaration
The situation of European monetary union was the main focus of a strategy meeting held by the Friends of the Ifo Institute and Ifo’s Executive Board on 15 October 2011 in Bogenberg, Obertaufkirchen. Concern for Germany and Europe voiced at this meeting led both parties to draft the Bogenberg Declaration, a list of statement aimed at preventing Germany from accepting excessive liability for the bailout packages provided by the community of states and the undermining of market processes caused by such packages. ...read more
Ifo Viewpoints
Ifo Viewpoint No. 164: Europe’s Easy-Money Endgame, Mar 31, 2015.
Ifo Viewpoint No. 163: Why the Taxpayer is on the Hook, Mar 18, 2015.
Ifo Viewpoint No. 162: Europe’s Shadow Budget, Feb 20, 2015.
Ifo Viewpoint No. 161: The Case for Capital Controls, Feb 19, 2015.
Ifo Viewpoint No. 160: Europe’s Brush with Debt, Oct 29, 2014.
Ifo Viewpoint No. 157: Quantitative Teasing, May 12, 2014.
Ifo Viewpoint No. 156: Europe’s Next Moral Hazard, May 6, 2014.
Ifo Viewpoint No. 152: World Champion Capital Exporter, Mar 12, 2014.
Ifo Viewpoint No. 153: Outright Monetary Infractions, Feb 11, 2014.
Ifo Viewpoint No. 151: A Rescuing Europe from the Ground Up, Jan 21, 2014.
Ifo Viewpoint No. 150: Two Perspectives on the Euro Crisis, Oct 17, 2013.
Ifo Viewpoint No. 149: A Question of Money, Oct 16, 2013.
Ifo Viewpoint No. 148: Germany’s Case Against the ECB, Jul 5, 2013.
Ifo Viewpoint No. 147: Should Germany Exit the Euro?, May 14, 2013.
Ifo Viewpoint No. 144: The Collateral Damage of Europe's Rescue, Mar 5, 2013.
Ifo Viewpoint No. 143: The eurozone’s banking union is deeply flawed, Feb 15, 2013.
Ifo Viewpoint No. 142: Cameron and the question of Europe, Feb 5, 2013.
Ifo Viewpoint No. 141: A Second Chance for European Reform, Jan 16, 2013.
Ifo Viewpoint No. 140: Guarantees for Europe's Ailing Banks, Dec 3, 2012.
Ifo Viewpoint No. 138: Alliance of the Unequal, Oct 31, 2012.
Ifo Viewpoint No. 137: An Open Currency Union, Jul 30, 2012.
Ifo Viewpoint No. 136: The European Banking Union?, Jul 3, 2012.
Ifo Viewpoint No. 134: A Crisis in Full Flight, May 18, 2012.
Ifo Viewpoint No. 133: A Euro Sabbatical, Mar 16, 2012.
Ifo Viewpoint No. 128: The Way Out of the Crisis, Sep 23, 2011.
Ifo Viewpoint No. 127: The Trouble with Eurobonds, Sep 22, 2011.
Ifo Viewpoint No. 126: The European Balance of Payments Crisis, Jul 29, 2011.
Ifo Viewpoint No. 124: The ECB Must Change its Policy, Jul 8, 2011.
Ifo Viewpoint No. 122: Deep Chasms, Mar 29, 2011.
Ifo Viewpoint No. 121: Why the Rescue Fund is Large Enough, Feb 16, 2011.
Ifo Viewpoint No. 120: Has Germany Profited from the Euro?, Nov 4, 2010.
Ifo Viewpoint No. 116: What Euro Crisis, Jul 6, 2010.
Ifo Viewpoint No. 115: Reallocation of Savings in Europe, Jun 22, 2010.
Ifo Viewpoint No. 113: How to Save the Euro, Apr 29, 2010.