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Recommendations for Europe

Giuseppe Bertola, Edward Driffill (), Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Akos Valentinyi ()

EEAG Report on the European Economy, 2013, 06-07

Abstract: Chapter 2: The European Imbalance: Try a fiscal devaluation / Cut expenditure rather than raising taxes during fiscal consolidation / Reduce the Greek debt overhang Chapter 3: Labour Market Reforms and Youth Unemployment: Two-tier labour markets should be eliminated / Make dismissal costs for firms modest and predictable / Reconsider the automatic, legally binding extension of wage bargains across sectors / Vocational education, training and apprenticeships Chapter 4: US Precedents for Europe: Establish a common state before federalising debt / Limit liabilities / Fiscal Equity / Ensure that Europe's central bank is flexible and strictly governed / Set up a US-style settlement mechanism in Europe

Date: 2013
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