# 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 688 views

# podcast

Post-Council commentary

On April 23, EU leaders met virtually to try to come to an agreement for a common European response to the COVID-19 pandemic. What were the measures taken? Will they be sufficient? Did Europe come together for a coordina...

25th April 2020 by Guntram Wolff 519 views

# podcast

Did the eurogroup save the day?

After its longest meeting ever, the Eurogroup reached an agreement yesterday evening. What does the agreement say? What does it mean in terms of the emergency reaction to the economic fallout of the COVID-19 pandemic? Wh...

14th April 2020 by Guntram Wolff 453 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...

# podcast

The macroeconomic policy response to the COVID-19 crisis

From the European Stability Mechanism (ESM) to “coronabonds”, the EU seems to be struggling to find an appropriate mechanism to tackle the economic crisis created by the COVID-19 pandemic. What is really the ...

1st April 2020 by Bruegel 533 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 663 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 537 views

# Blog, Interviews

Why Europe needs a change of mind-set to fend off the risks of recession

Versions of this opinion piece are appearing in Handelsblatt, Le Monde, El Pais, Kathimerini, Rzeczpospolita, Helsinki Sanomat, Caixin, Nikkei Veritas and others. Recession! This is the new worry in Europe and the...

2nd September 2019 by Guntram Wolff 4702 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 766 views

# Interviews

interviews on Italian economic situation

Two recent interviews on Italy. La Stampa: “Bassa crescita, debito eccessivo e tassi alti: il Paese faccia più riforme” Corriere:...

24th June 2019 by Guntram Wolff 806 views