Chapter 2 focuses on Switzerland, and specifically on the lessons that Europe can learn from the Swiss experience in maintaining cohesion while supporting diversity, and in reaching pragmatic compromises in the creation of common institutions and policies.

Chapter 3 analyses the much debated issue of austerity and highlights that fiscal discipline is not only needed to ensure the long-term sustainability of public debt, but also for external rebalancing, which is vital to the long-term sustainability of the euro. Finally,

Chapter 4 looks at plans and measures to implement a banking union in Europe and discusses who will pay for future banking crises, and who will end up footing the bill for the latest crisis.

Chapter 1 of the report discusses the immediate macroeconomic outlook for the global economy, with a particular focus on the European situation.

Expanding on topics that were discussed in previous issues, this year’s report of the European Economic Advisory Group at CESifo (EEAG), the thirteenth of the series, shows that austerity is still necessary to achieve a rebalancing of relative prices within the euro area and offers a critical...

Authors of the Report on the European Economy 2014

Chapter 1 of the report discusses the immediate macroeconomic outlook for the global economy, with a particular focus on the European situation.

Chapter 2 The European Energy Conundrum: Power Failure / Formulate an effective bargaining strategy to ensure a global reduction in CO2 emissions / Establish a European energy union with a single market that does not discriminate against suppliers from other countries. / Eliminate fixed feed-in...

Chapter 1 of the report discusses the immediate macroeconomic outlook for the global economy, with a particular focus on the European situation. Chapter 2 focuses on Switzerland, and specifically on the lessons that Europe can learn from the Swiss experience in maintaining cohesion while...

Authors of the Report on the European Economy 2015