Related In Brief
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Finalising the construction of the Nord Stream 2 pipeline has become a hotly contested issue that has put all sides…
The honest answer is, very little. The economy of the euro area might well chalk up another quarter of negative…
Originally Published: Project Syndicate, 5 March 2021 With governments in advanced economies continuing to keep the fiscal taps open, it…
The EU’s procurement strategy is clearly failing. A major supplier, AstraZeneca, has just announced major delays in its delivery schedule…
To stay ahead of the challenge posed by the shifting geopolitical context, the EU should devise a comprehensive Indo-Pacific strategy…
The Trade and Cooperation Agreement between the EU and the UK is an exercise in damage limitation. The UK’s decision…
At its last meeting for this year, the European Council managed to unblock the New Generation EU (NGEU) project and…
Lockdowns are not the only way to control a pandemic. Keeping open the restaurant and retail sector increases the risk…
The Covid-19 pandemic has caused widespread concern about debt unsustainability in both developed and emerging economies. To address this challenge,…
The Next Generation EU (NGEU) recovery response to the Covid-19 crisis, one of the most ambitious EU integration projects so…
The recent fall in both headline and core inflation in the euro area has increased pressure on the European Central…
Is it possible to accelerate public investment without increasing national taxes or public debt? The authors of this piece believe…
The EU has been struggling to integrate its capital markets for decades. Despite the broad public support shown for a…
Germany sold its first-ever federal green bond in early September. Analysts and commentators alike have displayed an elevated degree of…
Among the long list of difficult issues that must be solved before agreement on any new recovery fund is that…
Originally Published: Project Syndicate, 7 July 2020 The COVID-19 crisis has shown that the European Union is much more than…
Short time-work (STW) schemes have proved to be the ace card in member states’ response to the social and employment…
The Franco-German agreement to support those hardest hit by the current crisis with a €500 billion fund to be financed…
EU leaders are negotiating the modalities of a sizeable recovery facility. Under EU law, this is doable, within certain limits.…
Originally Published: Project Syndicate, 10 June 2020 Many believe that the recent Franco-German proposal for a European recovery fund –…
The current crisis has confirmed the importance of the currency swap lines offered by the Federal Reserve. They enhance the…
If fully implemented, the Commission’s Next Generation plan would increase the EU’s financial obligations fifteen-fold. Two-thirds of the envisaged €750…
The European Commission has presented a proposal to amend the Multiannual Financial Framework (MFF) for 2021-27 of the EU budget…
The following is a joint post between CEPS and The Hutchins Center on Fiscal and Monetary Policy at Brookings, primarily intended for…
Chancellor Merkel and President Macron have presented a joint Franco-German initiative for a €500 billion euro Recovery Fund to issue…
A recent decision by the German Constitutional Court has opened up a rift at the heart of Europe’s common currency.…
Monetary-fiscal cooperation has become the norm to fight the Covid-induced recession In the last few weeks, almost every government and…
An economic depression is looming, on the tails of the pandemic. The IMF sees a massive contraction of the global…
Since the first cases of COVID-19 contagion, the European Commission has undertaken several initiatives to offer member states financial support…
There can be little question that the economic fallout from the corona epidemic is hitting different member states with very…
Much of Europe is now under lockdown. Governments have imposed increasingly draconian measures under the impression of rapidly increasing contagion…
‘Generals fighting the last war’ also applies to policymakers in general. The memory of the financial crisis of 2008/9 is…
The coronavirus pandemic has triggered a combined negative supply and demand shock of unprecedented intensity. Both are having a significant…
There are increasing grounds for concern that the UK is backing away from the legal and political commitments it made…
Central banks are increasingly recognising the importance of communicating with the wider public. We document that interest in monetary policy…
Almost surreptitiously, Europe and Japan are discovering they have a great deal in common, joining up to defend free trade,…