Abstract
France’s President Macron is initiating a new discussion on the institutional deepening of the European Economic and Monetary Union — and he hopes for German assistance. The two countries constitute the core of the European Union. But a strong partnership must be based on strong economic performance and social cohesion. The French economy is generally regarded as weak, but it seems that the German economic results are overrated. Regarding the EMU, a Franco-German expert group recently published a report in which they try to combine the French and German philosophies on governance: risk-sharing or collective insurance (identified as the French view) and a combination of rules and market discipline that ensure “sound” domestic policies (identified as the German view). The authors here compare the French and German economies and evaluate the report of the expert group.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
