German Council of Economic Experts

The German Council of Economic Experts or Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung is a group of economists set up in 1963 to evaluate economic policies of the German government. Every year the Council prepares an annual report which is published before or by November 15. The federal government has to publish its comments and conclusions within eight weeks of the publication of the annual report. In the media, the council is often referred to as the Five Sages of Economy ("Fünf Wirtschaftsweisen"), or the "wise men".

The Council has five members which are nominated by the federal government and appointed by the president of Germany.

Current members of the council are:

In 2011, the GCEE proposed a plan for the issuance of collectivized European debt as part of a mechanism for contending with the European sovereign debt crisis.

(in chronological order)

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