Council of Economic Experts presents Special Report

The members of the German Council of Economic Experts, among them Volker Wieland, presented a special report on the "Consequences of the Greek Crisis for a More Stable Euro Area", proposing a sovereign insolvency mechanism.

The recent conflict between the government of Greece and its partners in the euro area has shaken the very foundations of European Monetary Union. According to the German Council of Economic Experts, an independent body that advises the government in Berlin, these tensions have underlined the high urgency for further reforms.

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To the complete report (English version)