Opportunities and risks of a fiscal union (German)

This follow-up study provides a German view on possible approaches for Euro-zone economies to cope with the Euro crisis. The findings of this publication by PwC Germany and the Hamburg Institute of International Economics (HWWI) discusses how to stabilise the European Monetary Union permanently, through a common currency zone developed into a fiscal union with an institutionalised transfer system. Sustainable stabilisation of the Euro-zone can only succeed with greater integration of the member states.