IFO's Fuest Warns Brexit Consequences for Germany 'Grave'

The video discusses the implications of the UK remaining in the EU, highlighting potential benefits such as open markets and addressing migration. It explores the future of Europe, suggesting a two-speed integration with a focus on the internal market. Challenges in the service sector and the need for liberalization and cooperation in energy and transport are addressed. The role of the ECB and the necessity for structural reforms and fiscal consolidation to stimulate the European economy are emphasized.

What is one potential benefit mentioned if the UK remains in the EU?

• A chance for T-TIP to go through

• Increased migration into the welfare state

• Closure of internal markets

• Decreased cooperation in energy networks

What is the envisioned structure of Europe in the future?

• A Europe focused solely on agriculture

• A fragmented Europe with no cooperation

• A single-speed Europe with uniform policies

• A two-speed Europe with more integration in the euro area

What is one of the challenges for the service sector in Europe?

• Over-regulation

• Excessive competition

• High taxation

• Lack of liberalization

What has the ECB done to support the European economy?

• Eliminated non-performing loans

• Reached the limits of monetary policy

• Fixed all banking issues

• Implemented unlimited monetary policy

What is necessary for the European economy to recover more quickly?

• Increased reliance on the ECB

• Government inaction

• Structural reforms and fiscal consolidation

• Higher interest rates