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Nominated in November 2011 by the Minister of European Affairs of North Rhine-Westphalia, Germany, and the University of Düsseldorf to advise the state government on the regional impact of the Euro crisis, and to work on possible recommendations to avoid an economic downturn.
In November 2010 he and Stuart Holland, a former Labour Party MP and economics professor at the University of Coimbra (Portugal), published A Modest Proposal, a set of economic policies aimed at overcoming the Euro crisis.