# Blog

Germany’s current account surplus and corporate investment

Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in i...

10th May 2018 by Guntram Wolff 671 views

# podcast

EU policy priorities towards Capital Markets Union

The deepening and enlargement of Europe’s capital markets has long been a policy target for the EU – indeed, it is a flagship priority of the current Commission. Many legislative proposals have been forwarded, and there ...

8th May 2018 by Guntram Wolff 6623 views

# Blog

Europe needs a broader discussion of its future

The important Franco-German paper leaves aside some of the most crucial issues for the future of Europe’s monetary union: European public goods, a proper fiscal stance and major national reforms. Its compromise on sovere...

6th May 2018 by Guntram Wolff 775 views

# Blog

Germany’s export-oriented economic model is caught in a US-Chinese squeeze

The new Merkel government has to reduce the dependencies on exports by stimulating domestic growth forces in Germany and Europe. At the same time, Berlin should push for a more ambitious national and European innovation ...

30th April 2018 by Sebastian Heilmann, Guntram B. Wolff 611 views

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# Publications

Making a reality of Europe’s capital markets union

This Policy Contribution is an edited version of a paper prepared for and presented at the informal meeting of European Union economic and financial affairs ministers (Informal ECOFIN), Sofia, Bulgaria, 27-28 April 2018....

27th April 2018 by André Sapir, Nicolas Véron, Guntram B. Wolff 666 views

# Blog

How Should the EU Position Itself in a Global Trade War?

This opinion was published in Intereconomics, Volume 53, March/April 2018, Number 2 · pp. 50-51, here is the link. It was also published in Caixin-Chinese and Caixin-English and a shorter version in Nikkei Veritas. Steve...

5th April 2018 by Guntram Wolff 1223 views

# Blog

What Does Europe Care About? Watch Where It Spends.

My Bloomberg View Column is here....

23rd March 2018 by Guntram Wolff 578 views

# Blog

Europe needs a strong Italy

This opinion piece was published in La Republicca. Summary: Europe needs to have its Italian voice. A stable government is not only needed to pursue the domestic policies and remain fiscally prudent but also to negotiate...

20th March 2018 by Guntram Wolff 580 views

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# Publications

Rethinking the European Union’s post-Brexit budget priorities

There will be a €94 billion Brexit-related hole in the EU budget for 2021-27 if business continues as before and the United Kingdom does not contribute. The authors show that freezing agriculture and cohesion spending in...

19th March 2018 by Zsolt Darvas, Guntram B. Wolff 575 views

# Interviews, Uncategorised

What budget for the EU? Principles, spending priorities and the impact of Brexit

Zsolt Darvas and I were asked by the Bulgarian Presidency to write a paper on the future of the EU budget, the MFF. The paper will be published soon but here is our presentation that I presented on 9 March in Sofia at th...

9th March 2018 by Zsolt Darvas, Guntram B. Wolff 519 views