Policy Article

The Kiel Policy Package to Address the Crisis in the Euro Area (in German)


  • Snower
  • D.J.
  • Gern
  • K.-J.
  • Boysen-Hogrefe
  • J.
  • Klodt
  • H.
  • Kooths
  • S.
  • Laaser
  • C.-F.
  • van Roye
  • B.
  • Scheide
  • J.
  • Schrader
  • K.
Publication Date

The reason why the Euro zone crisis has dragged on for so long is that Europe's leaders have focused too much on short-term measures to patch up the emergency of the moment, rather than formulating a comprehensive plan. The Kiel Policy Package, published as Kiel Policy Brief, comprises a set of short-term and long-term policy measures to overcome the crisis. Neither the short-term nor the long-term measures are sufficient on their own. Instead, they need to be implemented in conjunction with one another.