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  • 1 min

On the state of the Monetary Union

  • 8 September 2015
  • Philippe Waechter
  • Employment
  • Greece
  • Structural Reforms
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Synthetic publication by Thomas Philippon (NY University) on the state of the European Monetary Union.
It distinguishes different times depending on whether one is interested in the financial crisis, economic crisis or political crisis. These three dimensions overlap but do not fall within the same period.
He suggests to go faster on the Union Bank and the union of capital markets but also create Eurobills to prevent money market disruptions.
Related Topics
  • Employment
  • Greece
  • Structural Reforms
On the same topic
  • 2 min

The German saving rate doesn’t depend on the ECB interest rates

  • 18 October 2019
  • Euro Area

Philippe Waechter

There is a lot of talks about the German savings rate, which is supposed to have increased recently in response to the drop in interest rates, notably the ECB rates.…
  • Germany
  • Saving Rate
READ
  • 1 min

The German recession is here

  • 13 August 2019
  • Euro Area

Philippe Waechter

The risk of recession is increasing in #Germany. The figures for industrial production (-7.5% in Q2 at annual rate (see here)) set the context for the GDP figure to be…
  • Germany
  • Récession
  • ZEW
READ
  • 1 min

Recession in Germany

  • 7 August 2019
  • Euro Area

Philippe Waechter

German production fell -1.8% in June over one month (excluding construction). It has fallen in 5 of the last 6 quarters and in Q2 the decline is -7.5% annualized rate.…
  • Germany
  • Growth
  • Industrial Production
  • Récession
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