Policy Research in Macroeconomics

Shared Unemployment Insurance: helping refocus the Eurozone on convergence and cohesion

November 2015

The divergences developed between core and periphery within the euro area represent the main threat to the existence of the single currency and to the cohesion and stability of the EU as a whole. Without proper automatic stabilizers, a monetary union can only deliver suboptimal results, and may not even be sustainable.

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