France employment policy puts pressure on the budget
by Jean Pisani-Ferry on 01 August 2010
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Category: OPINION PIECES AND COLUMNS
Topics: European and global governance, Labour, migration and ageing
France is one of the countries that invests the most on employment policy. But with the public deficits crisis, there is a risk to indiscriminately cut on spending. In this article, Bruegel Director Jean Pisani-Ferry argues that a better solution would be to devote funds to where they are needed the most and to undertake structural reforms at the same time.
Why Germany fell out of love with Europe
by Wolfgang Proissl on 01 July 2010
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Category: ESSAYS AND LECTURES
Topics: Budgetary and monetary policies, European and global governance
This essay written by Bruegel Visiting Fellow Wolgang Proissl analyses the central role that Germany has and continues to play in the European Union. The author looks back at how Germany acted as a ‘benevolent hegemon’ through the adoption of the single currency and the creation of the European Monetary Union. Against this background, he examines the German response to the recent euro crisis, in particular the crucial weekend of May 8-9 2010. He asks if Germany is still willing to be the benevolent hegemon and save the euro from disintegration, or are the domestic implications of this role moving her away from Europe.
G20 and financial regulation
by Nicolas Véron on 28 June 2010
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Category: OPINION PIECES AND COLUMNS
Topics: Financial markets and regulation, European and global governance
Bruegel Senior Fellow Nicolas Veron analysis in this month's column why financial regulation failed to find greater focus during the G20 summit in Toronto.
Towards a system to secure the euro
by Jean Pisani-Ferry on 25 June 2010
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Category: OPINION PIECES AND COLUMNS
Topics: Currencies and International finance, European and global governance
Eurozone governance appears to be focused on three aspects: strengthening of budgetary discipline; surveillance of the eurozone countries’ competitiveness; and provisions for crisis management. While this is a sensible agenda, Bruegel Director Jean Pisani-Ferry delves into the details of these three topics to explain how they can work in practice. He also examines the inadequacies of the current institutional framework of the euro area and asks if it is time to seriously consider the creation of an independent surveillance authority.
The global operations of European firms
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Category: POLICY BRIEFS
Topics: European and global governance, Research, innovation and growth, Trade, investment and competitiveness
This Policy Brief is part of the EU-EFIGE (European Firms in a Global Economy) project which aims to address policy questions on the casual link between firm characteristics and internationalisation. Authored by Giorgio Barba Navaretti, University of Milan; Matteo Bugamelli, Bank of Italy; Gianmarco Ottaviano, Bruegel Senior Fellow; and Fabiano Schivardi, University of Cagliari, this paper is based on a comprehensive survey of 15,000 firms across seven EU countries. The findings of this paper set the foundation for deeper investigation into key policy challenges affecting European firms on the global stage.