By June 2019, the Eurogroup had to come up with a concrete design for a budgetary instrument for the euro area - but as of February 2019, it was still absolutely unclear what it should look like. Our Policy Paper filled this void by offering a concrete and pragmatic proposal that would make the Eurozone function better.
Ole Funke is Advisor for European economic and financial politics at the German Federal Foreign Office.
Sander Tordoir is economist at the European Central Bank, he formally worked for the World Bank Group.