# Blog

ESM credit lines, ‘corona-bonds’, Euro-area Treasury, One-off joint expenditures: What are the options for the EU Council?

A version of this piece was also published in French. As the Covid-19 pandemic intensifies and now that Europe has become the epicentre of the pandemic, voices are being raised among EU Member States in support of a comm...

26th March 2020 by Grégory Claeys, Guntram Wolff 1238 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 157 views

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# Publications

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...

7th February 2020 by ZSOLT DARVAS, MARTA DOMÍNGUEZ-JIMÉNEZ AND GUNTRAM B. WOLFF 233 views

# Blog, Interviews

Schädliche Kritik: Die EZB hat mit ihrer Geldpolitik viel richtig gemacht

Die Geldpolitik der Europäischen Zentralbank hat der EU geholfen. Deshalb sollte darüber neu und konstruktiv debattiert werden. Der Gastbeitrag für Frankfurter Rundschau. Die neue EZB-Präsidentin Christine Lagarde hätte ...

14th November 2019 by Marcel Fratzscher, Guntram Wolff 1102 views

# Interviews

The ECB actions will be enough, but what matters now is the common fiscal policy

My interview in La Stampa is here...

19th August 2019 by Guntram Wolff 440 views

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# 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 1549 views

# podcast

Central banking and the problem of unelected power

Paul Tucker, former deputy governor of the Bank of England, joins me to discuss the thesis of his new book, as well as the current tensions within current models of central banking governance. We discuss whether the ECB ...

5th June 2018 by Guntram Wolff 1215 views

# Blog

Opportunities and risks in Europe in 2018

This opinion piece was published by Nikkei Asia Review and Nikkei Veritas as well as Kathimerni. As 2017 draws to a close, it is a good moment to review the main risks for the upcoming year and explore some of the...

30th December 2017 by Guntram Wolff 2300 views

# Interviews

Die EZB ist als Institution ein Erfolg

Mein letztes Interview in Die Presse. Hier das pdf....

4th December 2017 by Oliver Grimm 902 views

# Interviews

Vision prospective sur l’Europe

9th November 2017 by Journées de l'Economie 1101 views