Economist Michael Heise offers a seven-point plan to prevent yet more crises in Europe and to deliver a stronger European bloc. He proposes greater fiscal integration and powers to intervene in budgets, as well as the tools to kick rule-breakers out of the club. Although the skeptical European electorate might be unlikely to approve of Heise’s proposals for a radical overhaul of the European Union (EU), getAbstract nevertheless recommends this paper as an essential primer for understanding the critical challenges facing the EU.
In this summary, you will learn
- What factors threaten Europe’s importance as a world economic and political force, and
- What seven structural and political reforms Europe must enact to ensure its significance in 2022.
About the Author
Michael Heise is chief economist at Allianz SE. He is responsible for analysis and forecasts of the international economy and financial markets.