About Bruegel

Bruegel’s history

The concept of Bruegel was initially developed jointly by two French economists, Jean Pisani-Ferry and Nicolas Véron, in the autumn of 2002. On 22 January 2003, the project was endorsed and officially floated by French President Jacques Chirac and German Chancellor Gerhard Schröder in their joint declaration in Paris, marking the 40th anniversary of the De Gaulle-Adenauer Elysée Treaty. Item 30 of that declaration read:

”In order that Europe can make its full contribution to international debates on economic, financial and trade policy, and have a greater capacity for analysis and initiating proposals, thereby strengthening its position in these spheres, France and Germany have decided to launch a European initiative for the creation of a European centre for the international economy devoted to those objectives. This centre, which could be located in Brussels, should progressively be able to open up to all the European partners‚ member states, EU institutions and private-sector businesses.”

This short text included many of Bruegel’s features in embryonic form – its focus on economic policy, location in Brussels, potential inclusion of all EU member states and institutions as members, and private-sector stakeholders on an equal footing. Following this first formal step, the project made headway in stages through the years 2003 and 2004. This involved, first, a French-German project group which agreed on the overall concept and especially its governance framework (statute and bylaws); second, a negotiation with all EU member states, 12 of which (including initial sponsors France and Germany) eventually confirmed support in March 2004; and third, outreach by Pisani-Ferry and Véron to corporate entities, 17 of which became members by late 2004. Bruegel’s legal entity (temporarily named “European Centre for International Economics”) was registered as a Belgian Non-Profit International Association (AISBL) on 10 August 2004, and its first Board was elected by the founding state and corporate members in December 2004.

On 17 January 2005, Bruegel had its first Board meeting, in which Mario Monti was elected Chairman, Pisani-Ferry was appointed Director, and the name Bruegel was adopted (see below). In April 2005, it adopted a visual identity and logo, and moved to its current premises on rue de la Charité / Liefdadigheitstraat 33 in Brussels. In May, it held a first workshop (on productivity), and in June a first high-level conference (on trade). It published its first paper, authored by André Sapir on European Social Models, which was discussed at the informal ECOFIN Council meeting in Manchester on 9 September 2005. This established Bruegel’s reputation as a source of thought-provoking and authoritative policy analyses from the very inception.

Bruegel’s team has evolved over the years. Leszek Balcerowicz succeeded Monti as Chairman in mid-2008, and was himself succeeded by Jean-Claude Trichet in march 2012. In September 2020 Erkki Liikanen became current Chairman of Bruegel. In accordance with the term limitations enshrined in Bruegel’s statute, Jean Pisani-Ferry left the Director’s position in 2013 and was succeeded by Guntram Wolff. In 2015, Bruegel celebrated its first decade of operations and published a series of short essays by the key individuals who contributed to its early development.


Bruegel is celebrating its 10th anniversary in 2015. This timeline provides an overview of key events in Europe over the last 10 years as well as major publications from Bruegel.


Reiner König (former Bundesbank official, head of the Stiftung Geld und Währung (Bundesbank Foundation), and member of the French-German Working Group in 2003-04) and Nicolas Véron initiating the drafting of the Bruegel statute at a meeting in Berlin (15 September 2003).

A meeting in November 2003 held at the Finance Ministry in Brussels, at a time of negotiation on which Member States would become founding state members together with France and Germany: Naess-Schmidt, Alicia Garcia Herrero (representing Spain), Lionel Fontagné (then director of CEPII and member of the French-German working group), Kastrop and Jean Pisani-Ferry (co-heads of the working group), and Stéphane Rottier (host)

The same meeting in Brussels: one sees Alicia Garcia Herrero, and on the right Christian Kastrop, Jean Pisani-Ferry, Stéphane Rottier and Reiner König;

Nicolas Véron, Stéphane Rottier and Jean Pisani-Ferry at the same meeting in Brussels. Rottier was then an adviser to Belgian Finance Minister Didier Reynders and played a key role in moving the negotiation process forward.

Jean Pisani-Ferry, Christian Kastrop (then at the German Federal Finance Ministry and who had been co-head of the French-German Working Group with Jean), and Sigurd Naess-Schmidt (Danish Finance Ministry official who was then Chairman of Bruegel’s temporary Steering Group, which prefigured the Board) at a Steering Group meeting in Rome on 7 July 2004.

Christian Kastrop, Stéphane Rottier, Jean Pisani-Ferry, Naess-Schmidt (chairing), Carlo Monticelli (host in Rome, then and now official at the Italian Finance Ministry) among others at the Steering Group meeting in Rome on 7 July 2004.

Bruegel's offices under construction (April 2005).

Prince (now King) Philippe of Belgium visiting Bruegel in April 2010.

The Bruegel research team (May 2015).