The European Commission is investigating a suspected banking industry cartel, one of the many consequences of the opening of the London Interbank Offered Rate (Libor) and Euro Interbank Offered Rate (Euribor) Pandora's box. Read more
Bruegel blog
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Euribor and the limits of antitrust
17th June 2013
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Abenomics: Is Shinzo aiming in the right directions?
14th June 2013
Japan’s stock markets have seen an unusual fluctuation these weeks. The Nikkei 225 has dropped by 20% after it hit this year’s highest on 23 May. This could be the result either of the adjustment after a sharp stock price rise or of markets’ sceptical reaction to the “three arrows” of “Abenomics” after a first frenzy. Still, the direction of these three arrows deserves a deeper attention. Read more
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Blogs review: Tackling youth unemployment
14th June 2013
What’s at stake: The latest unemployment figures for the 15 to 24 years old age group have made big waves in the media and made European policymakers busy designing a series of packages ahead of the special Heads of State summit scheduled on June 27-28. Read more
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Overview of the Karlsruhe Hearing on OMT – Summary
13th June 2013
It is noteworthy that the Court asked several times throughout the hearing about the possibility to change the ECB’s mandate – not least because the core of the debate appeared to be the compatibility of the OMT program with the ECB’s monetary policy mandate. Read more
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Latvia in the Eurozone: A Bet with No Upside
13th June 2013
The euro does not help Latvia, but could hurt it. The Eurozone is not helped by Latvia, but Latvian entry could create new problems. The best scenario is that no one does worse than the status quo after Latvia joins the Eurozone. So why the rush for Latvia to become the 18th member of the Eurozone? Read more
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Antitrust damages: the European Commission’s proposal
11th June 2013
The European Commission has just adopted its proposed directive that would harmonise within the EU rules related to antitrust damages. The initiative aims to enable victims of antitrust abuses to obtain compensation in a consistent and effective manner. Read more
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Overview of the Karlsruhe Hearing on OMT – Day 1
11th June 2013
The German Federal Constitutional Court (FCC) has begun to hear the case against the ECB’s OMT program. The two day-long hearing is unusually long and signifies the importance of the subject matter. According to the FAZ, this is one of the most important cases in history. Read more
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Troika conflict shows need for substantial reform
10th June 2013
The recent controversy between the IMF and the European Commission on the question of when a debt restructuring should have been done raises the broader question about the future collaboration between the IMF and the European institutions in the euro area. Read more
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Southern Europe no longer indebting to the rest of the world
10th June 2013
This post is an update on the current account developments in Southern Europe and the composition of corresponding financial flows. Read more
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Where does the youth exodus come from?
7th June 2013
Intra-EU migration increased before the crisis, especially into booming countries like Ireland and Spain. What happened during the crisis? Read more