About: european stability mechanism

Euro Bombs: European Investment Bank to be turned into arms bank?

The EU consistently fails to make crucial public investments in infrastructure, education or healthcare, but seems to have no problem finding the money for military upgrades, writes Fabio de Masi.

A budget for the eurozone is taking shape

Budgetary capacities are an important tool to protect the eurozone from economic shocks, and their extension to non-eurozone countries could help with the economic convergence of the newer member states, writes Siegfried Muresan.

Handling our structural problems a prerequisite for openness

The Five President’s Report does not provide enough answers on how to push through vital reforms and does not focus on how to solve the monetary union’s main problems, writes Paul Lindquist.

The Five Presidents’ Report: Now is the time for debate

In its current state, the eurozone is not only vulnerable to economic crises and populist slogans from the left and right. It also lacks democratic legitimation, argues Joachim Poß.

German constitutional court should not stymie emergency eurozone action

The German court in Karlsruhe is considering referring the European Central bank to the European Court of Justice for its actions during the Eurozone crisis, but the bank has acted in the interests of the Eurozone economy as a whole, and of Germany, writes Guntram Wolff.