# Blog, Interviews

Europe needs a Covid-19 Recovery Programme

Our letter to the FT. The COVID-19 pandemic represents an unprecedented challenge for Europe’s healthcare systems, and a major shock for the continent’s economy. After the initial focus on the immediate crisis response m...

25th March 2020 by Grégory Claeys, Simone Tagliapietra, Guntram Wolff 1567 views

# Publications

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...

24th March 2020 by Agnes Bénassy-Quéré, Guntram Wolff 578 views

# podcast

From health crisis to economic crisis and now euro area crisis?

my conversation with Jean Pisani-Ferry and Maria Demertzis...

18th March 2020 by Guntram Wolff 472 views

# Blog

Be bold now: coronavirus, the Eurogroup and fiscal safety nets

This blog post sketches two scenarios: one in which countries provide a large fiscal safety net to companies and another in which they do not. Both lead to similar debt-to-GDP ratios in 2021, but the safety net leads to ...

17th March 2020 by Guntram Wolff 582 views

# Blog, Interviews

A letter to Santa, the G7

This opinion piece was originally published in El País. Since the coronavirus outbreak became a pandemic, markets have plummeted. Global risk aversion has spiked, safe assets have becoming hugely expensive and the dollar...

17th March 2020 by Alicia Garcia-Herrero, Guntram Wolff 470 views

# Publications

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...

12th March 2020 by MARIA DEMERTZIS, ANDRÉ SAPIR, SIMONE TAGLIAPIETRA AND GUNTRAM B. WOLFF 486 views

# podcast

Coronavirus: the economic prognosis

The coronavirus is going to hit the global economy hard, but how hard? What can policymakers plan for the months ahead? Nicholas Barrett asks Guntram Wolff and Maria Demertzis about economic symptoms and treatments. &nbs...

10th March 2020 by Guntram Wolff 397 views

# podcast

Is the EU a superpower?

As China and the US battle for global supremacy, the EU seems to remain in the shadows. But what if the EU had been shaping the world economy all along without anybody noticing? Could its soft power be strong enough to s...

3rd March 2020 by Giuseppe Porcaro, Guntram Wolff 493 views

# Blog

As the Coronavirus spreads, can the EU afford to close its borders?

In 2018, 320 million trips were made between EU countries and almost 2 million people crossed Schengen borders to go to work. Stopping them would cause serious economic disruption. The Coronavirus crisis has triggered in...

27th February 2020 by Raffaella Meninno, Guntram Wolff 436 views

# podcast

Can the European Green Deal kill the single market?

The European Green Deal is one of the landmarks of Ursula von der Leyen’s Commission. But, without an ambitious investment behind it, what could be its potential implications for the EU? Could it go as far as to th...

27th February 2020 by Guntram Wolff 510 views