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By whom shall be this Common unemployment insurance scheme financed? ECB will simply print even more money for overindepted Member States not ready to undertake any structural reforms and postpone by this “insurance scheme” the collapse of the whole euro area?
Thanks for your comment and sorry for the delayed answer. The report was presented to the Employment and Social Affairs committee on 4 November and several members expressed their concerns too on how measures, to cushion shocks to the economy of the Euro area, should be financed. The study is a contribution to the Committee´s on-going work to explore possible actions to reinforce the social pillar of the European Monetary Union and which might result in specific policy proposals at a later stage. You can follow the work of the Employment and Social Affairs committee on the Committees website http://www.europarl.europa.eu/committees/en/empl/home.html