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Lucas Guttenberg

Lucas Guttenberg

Lucas Guttenberg is a Senior Research Fellow and Deputy Head of Research at Jacques Delors Institut ...
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Looking for the silver bullet – A guide to the ESM debate

on December 5, 2017, 11:33
Policy paper - Lucas Guttenberg

The reform of the European Stability Mechanism (ESM) has become a focal point of the debate on the future of economic and monetary union. Under the label of this reform, a wide variety of proposals is discussed: debt restructuring; a possible backstop for banking union; the future of crisis management; or even changing economic surveillance in the euro area.

This Policy paper, written by Lucas Guttenberg, Senior Research Fellow and Deputy Head of Research at  the Jacques Delors Institut – Berlin, structures a debate which is too often all over the place and offers a guide through the proposals on the table.
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