The German Economic Institute (IW) is a private economic research institute in Germany, which is a advocate of a liberal economic and social order. We work to improve understanding of how business and society function and interact.
The European Union has gone through various exceptional situations and crises in the past few decades, such as the financial crisis in 2007/2008 or the wave of refugees in 2015. And every crisis experienced has led to certain learning processes, which in turn resulted in political responses, according to IW director Michael Hüther.