Germany’s Scholz Proposes Europe-Wide Unemployment Insurance Scheme

Germany’s Scholz Proposes Europe-Wide Unemployment Insurance Scheme
A huge euro logo is seen in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany on June 13, 2005. Ralph Orlowski/Getty Images
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BERLIN—Germany has suggested the creation of a Europe-wide unemployment insurance system to make the euro zone more resilient to future economic shocks, Finance Minister Olaf Scholz said in an interview published on Saturday.

The proposal, outlined in an interview with Der Spiegel magazine, is part of Germany’s efforts to seal a reform package together with France ahead of a summit of European Union leaders later this month.