European Banking Union Package 'Very Weak,' Says Brugel's Wolff

The video discusses the Macomb-Merkel euro plan, highlighting the agreement between France and Germany on a eurozone budget and the challenges in defining the backstop and governance. It examines the ECB's role in stabilizing the system and the limitations of fiscal policy. The video also addresses economists' misunderstandings about low productivity growth and the need for solutions to enhance productivity in the eurozone and globally.

What implications does the limited size of the single resolution fund have for the eurozone?

In what ways is productivity growth perceived to be low, and why is it important?