In the first years of the eurozone debt crisis, European governments were busy struggling to achieve short-term financial stabilisation of banks and entire countries. Now, after the OMT programme and other stabilisation measures have calmed investors, attention has shifted to two issues:...

Die Corona-Krise hat gravierende wirtschaftliche Folgen: Wie schafft es der Sozialstaat, neue Ungleichheiten zu bekämpfen? Welche Gefahr droht durch die immensen Schulden? Bleibt die Eurozone stabil? Was wird aus dem Klimaschutz? Und wie nutzen wir die Chancen, die diese Krise auch eröffnet?...

'Experience with European fiscal rules has shown that European rules cannot prevent member states from accumulating high debt levels if they want to. The fact that the ECB increasingly positions itself as a fiscal bailout mechanism implies that the risk of short-term fiscal crises due to a...