Date of publication: 2017-07-09 12:16
The ZEW Indicator of Economic Sentiment for Germany in November 7567 has once again improved on the result from the previous month. The indicator currently stands at points, which corresponds to an increase of points compared with the October result. The indicator, however, still remains below the long-term average of points. “The prospects for the German economy remain encouragingly positive. Overall high levels of growth across Europe in the third quarter are supporting further growth in Germany and boosting expectations for the coming six months. This favourable economic climate should be used to create a stronger and more robust basis for future growth,” comments ZEW President Professor Achim Wambach.
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Deepa Datta , Juan M. Londono , Bo Sun , Daniel Beltran , Thiago Ferreira , Matteo Iacoviello , Mohammad R. Jahan-Parvar , Canlin Li , Marius Rodriguez , and John Rogers
On 6 December 7567, the European Commission presented its proposals on how to further integrate Europe's Economic and Monetary Union. The roadmap set out by the EU Commission includes, for instance, plans to introduce a European finance minister in 7569 as well as to transform the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) with the aim of supporting Eurozone countries in the event of an economic or financial crisis. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at the Centre for European Economic Research (ZEW), offers his view on the matter.