# Blog

Providing funding in resolution: Unfinished business even after Eurogroup agreement on EMU reform

The recent Eurogroup agreement on euro-area reform foresees a greater role for the European Stability Mechanism (ESM) as a backstop to the banking union. This is a welcome step forward but important issues remain. We ass...

11th December 2018 by Maria Demertzis, Guntram Wolff 164 views

# Interviews

U.S.-China Tension Will Last Longer Than We Would Like

30th November 2018 by Guntram Wolff 426 views

# Publications

How to provide liquidity to banks after resolution in Europe’s banking union

Banks deemed to be failing or likely to fail in the banking union are either put into insolvency/liquidation or enter a resolution scheme to protect the public interest. After resolution but before full market confidence...

22nd November 2018 by MARIA DEMERTZIS, INÊS GONCALVES RAPOSO, PIA HÜTTL AND GUNTRAM B. WOLFF 112 views

# podcast

How to reform and fortify the global financial system

In this Director’s Cut of ‘The Sound of Economics’ Guntram Wolff is joined by Bruegel’s mercator senior fellow Jean Pisani-Ferry, and by Tharman Shanmugaratnam, chair of the G20 Eminent Persons Group. A report from the E...

23rd October 2018 by Guntram Wolff 252 views

# Blog

How could Europe benefit from the US-China trade war?

Versions of this article were published in Politico, Nikkei Veritas, Caixin, Caixin(English) and Die Zeit. Global trade tensions have steadily increased since President Donald Trump took office at the beginning of 2017. ...

18th October 2018 by Guntram Wolff 475 views

# podcast

How does Italy’s budget fit with EU fiscal rules?

In this Director’s Cut of ‘The Sound of Economics’, Guntram Wolff welcomes Bruegel research fellow Grégory Claeys to assess how the new Italian budget proposals measure up against the existing EU fiscal rules. Italy’s ne...

9th October 2018 by Guntram Wolff 338 views

# podcast

The Italian government budget proposal for 2019

Guntram Wolff welcomes Bruegel affiliate fellow Silvia Merler to evaluate the Italian government’s planned budget for 2019, in this Director’s Cut of ‘The Sound of Economics’ Six months after its election, Italy’s coalit...

28th September 2018 by Guntram Wolff 381 views

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# Publications

One size does not fit all: European integration by differentiation

THE ISSUE Reforming the governance of the European Union has become urgent for three reasons: to better deal with politically-sensitive topics, to manage greater external challenges and because future EU enlargement will...

19th September 2018 by MARIA DEMERTZIS, JEAN PISANI-FERRY, ANDRÉ SAPIR, THOMAS WIESER AND GUNTRAM B. WOLFF 366 views

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# Publications

The economic potential and risks of crypto assets: is a regulatory framework needed?

This paper was paper written at the request of the Austrian Presidency of the Council of the European Union for the informal ECOFIN meeting of EU finance ministers and central bank governors (September 2018) and was pres...

6th September 2018 by Maria Demertzis, Guntram B. Wolff 387 views

# Blog

Overcoming the hurdles to Italian growth

This opinion piece was published in La Republicca. As the Italian government is contemplating its budgetary policy, it is useful to look at other countries’ experiences in how to deal with high debt levels. A salient exa...

4th September 2018 by Guntram Wolff 545 views