
Using common strengths to overcome the crisis
Patrick Kaczmarczyk and Klaus Seipp
Europe needs to move from fear of the ‘moral hazard’ of fiscal co-operation to confidence in its collective benefits.
Author profile

Patrick Kaczmarczyk works as a policy consultant for the Economic Forum of the SPD in Germany. Previously, he worked as a consultant for the United Nations Conference on Trade and Development. (Views expressed are his own.)

Patrick Kaczmarczyk and Klaus Seipp
Europe needs to move from fear of the ‘moral hazard’ of fiscal co-operation to confidence in its collective benefits.

Spreads in a single market with a single currency distort trade flows and competitiveness. The European Central Bank should close them.