Trésor-Economics No. 132 - An unemployment insurance scheme for the euro area
Pooling a part of unemployment insurance within the euro area would provide a new instrument for solidarity that would in turn be a concrete incarnation of the social dimension of EMU while enhancing stabilisation of the euro area as a whole. The crisis made it clear that the euro area has no central fiscal instrument that is able to cushion the impact of macroeconomic shocks. Setting up a common... Lire la suite