Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
https://en.irefeurope.org/1278

An Open Letter Opposing Emmanuel Macron’s Project for Europe
Signed by 154 German Economists Regarding Fiscal Harmonization and Financial Union

This open letter, addressed by 154 German economists against the Euro zone reform proposed by France, passed all but unnoticed. These well-known economists warn against a Europe led by a European Minister of Finances and the European Central Bank. In contrast with the French proposal, the signatories of this open letter argue that Europe needs structural reforms in all States, as well as accountability and tax competition. IREF gives you the full text of the letter.

We, 154 economics professors, warn against further morphing the European monetary and banking union into a joint-liability system. Emmanuel Macron‘s proposals and those of the European Commission President Jean-Claude Juncker, mentioned in the Coalition Agreement between the CSU, the CDU and the SPD with a view to shaping the new federal German government, involve big risks for the all European citizens.

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