Handelsblatt - Foul weather fund vs. Eurozone budget

A commentary from Lucas Guttenberg in the Handelsblatt

Commenting on the idea of a foul weather fund to soften the effects of future currency crises, presented by the DIW, the Handelsblatt quotes Lukas Guttenberg from the Jacques Delors Institut – Berlin, who points out that “a purely technocratic instrument, which does not create political use”, only strengthened populists. Guttenberg supports French President Emmanuel Macron’s proposal to introduce a Eurozone budget, underlining that any instrument of stabilization requires political control.

Read the article here