Policy Article
The Kiel Policy Package to Address the Crisis in the Euro Area
Kiel Policy Brief, 58a
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Europe
Economic & Financial Crises
European Union & Euro
Financial Markets
Fiscal Policy & National Budgets
Monetary Policy
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.
