Heine, Michael; Herr, Hansjörg - In: Wirtschaftsdienst 101 (2021) 5, pp. 369-375
Even before the COVID-19 crisis, the European Monetary Union (EMU) exhibited an unsatisfactory economic development …-performing loans. Except in the field of monetary policy, the EMU lacks institutions that support quick and sufficient economic … policies. There is the danger that policy mistakes will lead to long-term stagnation in the EMU or possibly even a great …