How export growth achieved adjustment of massive trade deficits in the euro area
The correction of several euro area countries’ external imbalances began almost 10 years ago. A number of euro area countries ran massive current account deficits in 2007/8. With 15.2% of GDP, Greece had the largest defi...
Read more
Brexit will change millions of lives. Our leaders must do more than posture
My latest opinion piece in The Guardian/ The Observer. Brexit negotiations have got off to a bad start: that much at least is clear. The leaking of details about May and Juncker’s dinner conversation was unhelpful. Domes...
Read more
Europe should lead the way with multilateralism
This opinion piece was published by Nikkei Veritas, Nikkei, Il Sole 24 Ore, and other newspapers. The U.S. and Europe are more than allies. They share a long-standing and multifaceted partnership. And the future of U.S.-...
Read more
Europe in a new world order
This policy brief was first published on Bruegel. The pdf is available here. The issue The United States is the European Union’s most important trade and bilateral investment partner, which has, until now, supported a mu...
Read more
Europe needs to react to Trump’s trade agenda – four urgent questions
It seems increasingly likely that President Trump will govern according to the values of his campaign. On trade, this might lead to major disturbances in the global rules-based order. The EU needs to decide how it will r...
Read more
Manufacturing in the US: Will Trump’s strategy repatriate highly-paid jobs?
Trump has set out a plan to repatriate highly-paid manufacturing jobs to the US. But the idea that manufacturing jobs are better paid than service roles is a myth. Moreover, labour markets are slow to shift between secto...
Read more
Contribution on CETA, ZDF heute journal
My interview with ZDF heute journal can be found here (around minute 3)....
Read more
The Continental Partnership proposal: a reply to five main criticisms
The proposal for a Continental Partnership (CP) has received a great deal of attention. Two of the authors, André Sapir and Guntram Wolff, clarify some misunderstandings and respond to five key criticisms. They argue tha...
Read more
Europe after Brexit: A proposal for a continental partnership
After the British decision to leave the EU, Europe’s trajectory, even its destiny, has again become a matter of choice. In an increasingly volatile world, neither the EU nor the UK have an interest in a divorce that dimi...
Read more