Bershidsky, Leonid, (2017), “A Multispeed Europe Will Be Hard to Pull Off”, BloombergView, 10 March The European Council, which includes leaders of EU member states, normally issues a consensus document at the end of each meeting. On Thursday, it failed to do so because one member — Polish Prime Minister Beata Szydlo — refused to approve it. The spat tells us something about the rocky future of a multispeed Europe. Relevant …Read More
White Paper on the future of Europe: Avenues for unity for the EU at 27
European Commission, (2017), “White Paper on the future of Europe: Avenues for unity for the EU at 27”, 1 March As we prepare to mark the 60th anniversary of the EU, we look back on a peace spanning seven decades and on an enlarged Union of 500 million citizens living in freedom in one of the world’s most prosperous economies. At the same time, the EU has to look forward …Read More
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Regroup and Reform: Ideas for a more responsive and effective European Union
CEPS Task Force, (2017), “Regroup and Reform: Ideas for a more responsive and effective European Union”, CEPS Series: Task Force Report, February The report offers concrete recommendations for how the Union can show added value to European citizens in the areas of security and justice, socio-economics and monetary policy – recommendations that will help reform the workings of the Union and ensure that it is worthy of the continuing confidence of its …Read More
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European integration and populism: Addressing Dahrendorf’s quandary
Buti, Marco, Pichelmann, Karl, (2017), “European integration and populism: Addressing Dahrendorf’s quandary”, VoxEu, 22 February With its current competences lacking the ability to address distribution effects, the EU is seen as an agent of globalisation rather than a response to it. At the same time, it is charged with undermining national autonomy, identity, and control. This column sets out five guiding principles for policy articulation at the EU level for …Read More
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Europe in a new world order
Demertzis, Maria, Sapir, Andre, Wolff, Guntram B., (2017), “Europe in a new world order”, Bruegel, 17 February In this paper the authors explore what the EU’s strategic reaction should be to US diminishing giant policies, and the EU’s role in a world of declining hegemony and shifting balances. Relevant Posts Kamkhaji, Jonathan C., Radaelli, Claudio M., (2016), “Crisis, learning and policy change in the European Union”, Journal of European Public Policy, 20 April Ruparel, Raoul, …Read More
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How to balance sovereignty and integration in a voluntary EU
Dabrowski, Marek, (2017), “How to balance sovereignty and integration in a voluntary EU”, Bruegel, 12 January The principle of voluntary membership is a central value of the EU project, but it is also a source of many of its problems. How can the member states address those problems in order to repair the EU’s integration architecture? The European Union and its institutions are often criticised for their supposed ineffectiveness, slowness …Read More
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How to solve Europe’s three biggest problems
David Folkerts-Landau (ed.), (2016), “How to solve Europe’s three biggest problems”, Konzept – Deutsche Bank Research, June In this issue we tackle three of the most intractable problems facing Europe today: moribund economic growth, the refugee crisis and a banking sector that struggles to satisfy anyone even eight years after the financial crisis. Our three feature articles show that credible solutions exist provided that governments, policymakers, investors as well as the public …Read More
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The US sneezes and the Eurozone catches a cold: The Eurozone has been infected by the US slowdown
Caruso, Alberto, Hasenzagl, Thomas, Pellegrino, Filippo, Reichlin, Lucrezia, (2016), “The US sneezes and the Eurozone catches a cold: The Eurozone has been infected by the US slowdown”, Voxeu, 22 February Recent data releases related to the Eurozone have been disappointing. This column argues that momentum from the long-delayed 2014-15 recovery is faltering because the Eurozone economy is affected, with a lag, by the US slowdown. The traditional, lagged relationship between the EZ and US business cycles – …Read More
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The case for growth-indexed bonds in advanced economies today
Blanchard, Olivier, Mauro, Paolo, Acalin, Julien, (2016), “The case for growth-indexed bonds in advanced economies today”, Voxeu, 16 February One of the legacies of the Global Crisis is a high ratio of public debt to GDP. While current levels may be sustainable, another series of bad shocks could easily tip the balance and lead to unsustainable debt ratios. This column argues that against this background, growth-indexed bonds can help. By decreasing …Read More
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The European Central Bank’s quantitative easing programme: limits and risks
Claeys, Gregory, Leandro, Alvaro, (2016), “The European Central Bank’s quantitative easing programme: limits and risks”, Bruegel publications, 15 February The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execution of the programme. However this might not be enough to sustain QE throughout 2017. The extension of the programme also raises questions about …Read More
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