The EU’s non-members – Key principles, underlying logics and types of affiliation
A bigger report to which I contributed on differentiated integration can be found here: r-1-20-fossum-et-al....
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Is the COVID-19 crisis an opportunity to boost the euro as a global currency?
• The euro became an international currency when it was created two decades ago. However, the euro’s internationalisation peaked as early as 2005 and it was never comparable to the US dollar. Its international status dec...
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EU-China trade and investment relations in challenging times
This report written for the European Parliament can be found here. ...
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Rebooting Europe: a framework for a post COVID-19 economic recovery
COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is ...
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How has the macroeconomic imbalances procedure worked in practice to improve the resilience of the euro area?
This paper shows how the Macroeconomic Imbalances Procedure (MIP) could be streamlined and its underlying conceptual framework clarified. Implementation of the country-specific recommendations is low; their internal cons...
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An effective economic response to the Coronavirus in Europe
The COVID-19 pandemic represents a major shock to the global and European economy. Most European countries need to take bold quarantine and lock-down measures, as has been done in Italy, to prevent an explosion of the ep...
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From climate change to cyber-attacks: incipient financial-stability risks for the euro area
The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to eur...
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Hybrid and cybersecurity threats and the European Union’s financial system
This policy contribution (pdf) was written for and presented at the informal meeting of EU finance ministers and central bank governors (Informal ECOFIN) in Helsinki, 13 September 2019. Increasing cyber and hybrid risks...
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Braver, greener, fairer: Memos to the EU leadership 2019-2024
This collected volume, edited by Maria Demertzis and myself, focuses on the most important economic questions at EU level. The memos covering 16 different files and written by 21 Bruegel scholars, are intended to present...
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Redefining Europe’s economic sovereignty
Our latest policy contribution co-authored by a team of ECFR and Bruegel scholars is here. Executive summary: Europeans like to believe the European Union has the collective economic size and capacity to determine its ow...
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