# Blog, Interviews

The Independence of the Central Bank at Risk

This article was first published by Frankfurter Allgemeine Zeitung in German, Friday 29 May 2020. The ruling of the German Federal Constitutional Court (GFCC) of May 5 on the ECB’s monetary policy affects not only the re...

2nd June 2020 by PETER BOFINGER, MARTIN HELLWIG, MICHAEL HÜTHER, MONIKA SCHNITZER, MORITZ SCHULARICK AND GUNTRAM B. WOLFF 1198 views

# Blog, Interviews

An equity fund for a zombie-free and EU-wide recovery

This opinion piece was originally published in Le Monde and in Il Sole 24 Ore. Illuminated open signs are going out all over Europe, some will not be lit again in our life-time. Many however will reignite, but only thank...

27th May 2020 by Julia Anderson, Simone Tagliapietra, Guntram Wolff 1545 views

# Blog, Interviews

Navigieren auf Sicht ist für einen grünen Wiederaufschwung nicht genug

This op-ed was first published in NZZ. Die Coronavirus Pandemie und die Maßnahmen zu ihrer Bekämpfung haben zu dem größten weltweiten Wirtschaftsabschwung seit dem zweiten Weltkrieg geführt. Unternehmen, private Haushal...

12th May 2020 by Guntram Wolff 686 views

# Blog

EU debt as insurance against catastrophic events in the euro area: the key questions and some answers

European Union debt can provide comprehensive insurance against the COVID-19 pandemic and can enable a macroeconomic response, even though EU debt is a liability for taxpayers in EU countries and therefore indirectly for...

25th April 2020 by Guntram Wolff 814 views

# Blog, Interviews

Disease, like poverty, does not stay at home

This opinion piece was originally published in Abidjanpress, ApaNews, Barlamane, Corriere della Sera, Daily Maverick, Journal de Conakry, Libération,Teranga News and Süddeutsche Zeitung. Covid-19 should change global pol...

8th April 2020 by YONAS ADETO, KARIM EL AYNAOUI, THOMAS GOMART, PAOLO MAGRI, GREG MILLS, KARIN VON HIPPEL, GUNTRAM B. WOLFF 737 views

# Blog, Interviews

A European approach to fund the coronavirus cost is in the interest of all

This opinion piece was originally published in El País and Corriere della Sera. To reduce the economic fallout from the coronavirus crisis, massive fiscal support will be needed. Without sufficient support, GDP will fall...

# 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 2549 views

# 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 1717 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 725 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 599 views