Wirtschaftsregierung, mode d’emploi
by Jean Pisani-Ferry on 27 February 2010
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Category: OPINION PIECES AND COLUMNS
Topics: European and global governance
In this column Bruegel Director Jean Pisani-Ferry writes about European economic governance. Pisani-Ferry points out that the Greek crisis has highlighted the need to reinforce prevention and monitoring systems as well as to develop effective crisis management mechanisms. He concedes that the creation of the Euro had some mistakes, which were probably inevitable; however he emphasizes the need to learn from experience and to start proposing feasible solutions in the current European frame. This article was also published in the French newspaper Le Monde and the Chinese Century Weekly.
Financial Regulation: A New Fortress Europe
by Nicolas Véron on 20 February 2010
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Category: OPINION PIECES AND COLUMNS
Topics: Financial markets and regulation
EU policy leaders are becoming increasingly aware that the necessary re-regulation of Europe’s financial system must not be allowed to lead to a damaging fragmentation of its internal market for financial services. However, they still seem oblivious of the risk of global financial fragmentation inherent in some of their regulatory initiatives, however well-intended. In his monthly column, Senior Fellow Nicolas Véron takes a brief look at the difficult and complex corresponding trade-offs. This op-ed was published in the Turkish weekly Referans, the French newspaper La Tribune, Forbes Russia and the Chinese Caing.com.
The Best Course for Greece is to Call in the Fund
by Jean Pisani-Ferry, André Sapir on 02 February 2010
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Category: OPINION PIECES AND COLUMNS
Topics: Budgetary and monetary policies, European and global governance
Director Jean Pisani-Ferry and Senior Fellow André Sapir argue that the best option to solve the 'Greek crisis' is to bring in the IMF for a stand-by agreement involving conditional lending to the Greek government. While the EU is hesitant to bring in the IMF, Pisani-Ferry and Sapir maintain that the IMF is better suited to handle the political problems that would accompany such a bailout. This op-ed was published in The Financial Times (2 Feb).
Retraites: réformer une bonne fois pour toutes
by Jean Pisani-Ferry on 01 February 2010
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Category: OPINION PIECES AND COLUMNS
Topics: Budgetary and monetary policies
In Le Monde, Director Jean Pisani-Ferry takes a look at the issue of retirement system reform in France in light of President Nicolas Sarkozy's proposed plans. Pisani-Ferry argues that reforming the retirement system is necessary to tackle rising public deficits and has the added advantage of not burdening current consumption.
The Jury is Still Out on the European Union's Crisis Performance
by Nicolas Véron on 21 January 2010
Category: OPINION PIECES AND COLUMNS
Topics: European and global governance
In his January column, Senior Resident Fellow Nicolas Véron examines the European Union's performance in reacting to the global economic crisis. He explains that while the EU has had major difficulties in the wake of the crisis, there have been several positives: the European Central Bank has been seen as a key player and has restored stability to the markets; the EU is creating the world's first supranational financial authorities; and the euro has withstood prophecies of its inevitable break-up. Véron adds, however, that the biggest challenges still lie ahead. This column was published in Forbes Russia (21 Jan), Referans (27 Jan), La Tribune (4 Feb) and on the website of the Peterson Institute for International Economics.