Policy Article

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

Authors

  • Dennis J. Snower
  • Klaus-Jürgen Gern
  • Jens Boysen-Hogrefe
  • Henning Klodt
  • Stefan Kooths
  • Claus-Friedrich Laaser
  • Björn van Roye
  • Joachim Scheide
  • Klaus Schrader
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.