January 22, 2021
Munich, 22 January 2020. – A hypothetical peaceful and voluntary unification of France, Germany, and the Benelux countries into one single country would be economically beneficial both to them and to the EU as a whole, – these are the results of a trade gravity estimation by Yuri Kofner, junior economist, MIWI Institute for Market Integration and Economic Policy.
If France, Germany, and the Benelux countries were to voluntarily unite into a single country, then the real GDP of Germany would increase by almost 10 percent, of France by 20.6 percent, of the Netherlands by 24.6 percent, that of Belgium and Luxembourg by 27.3 percent. The EU’s overall real GDP would increase by 8.3 percent and its share in the global economy would increase from 19.7 to 21.4 percent.
This shows that deeper integration of the EU’s core countries within the concept of “European integration of different speeds” and of a “Europe of concentric rings” can bring economic benefits both to them and to the European Union as a whole.