Commentary

David Cameron and the EU’s Waterloo

The United Kingdom, whose new majority Conservative government has pledged to hold a referendum on European Union membership by the end of 2017, perha

Ashoka Mody

Priorities for euro area governance reforms

In order to calm fears about weak euro area governance: better fiscal governance and a mechanism to ensure competitiveness despite the absence of

André Sapir and Guntram B. Wolff

The emerging world: Debt as key risk

Perhaps the most ostensible of all challenges faced by the global economy is that of pervasive debt levels. For quite some time now, particularly foll

Alicia García-Herrero

Giving Greece a chance

This opinion piece by members of the Eiffel Group and the Glienicke Group argues that the Greek tragedy must not go on. Europe’s growing frustration w

Speech by Pier Carlo Padoan, Ministry of Economy and Finance, Italy

Speech from Bruegel 10th Anniversary Event, “Europe and Emerging Markets”, held in Rome on 5 May 2015.

Pier Carlo Padoan

Digital Single Market: setting the stage

The European Commission's just-released Digital Single Market strategy paper is good news. However, the paper does not spell out how the proposal

Mario Mariniello

Why we should not blame the ECB for low returns on German savings

The ECB has lowered its official interest rate several times in the last years and the rate is now at zero. In March of this year, it has in addition

Guntram B. Wolff

Europe’s radical banking union

Bruegel scholar Nicolas Véron argues in this thought-provoking essay that banking union ultimately enabled the European Central Bank’s announcement th

Nicolas Véron

The IMF's big Greek mistake

The Greek government's mounting financial woes are leading it to contemplate the previously unthinkable: defaulting on a loan from the International M

Ashoka Mody

Pessimistic views of China’s economy are unconvincing

In late 2001, I first used the phrase BRIC to discuss the likely rise of Brazil, Russia, India and China as growing shares of the world economy and ou

Jim O‘Neill

European banking supervisor should limit banks’ exposure to all eurozone governments, not just Greece

The Single Supervisory Mechanism's decision to impose limits on Greek banks’ holdings of government debt has been criticised for putting und

Guntram B. Wolff

European Monetary Union

Guntram Wollf answers the 11 questions submitted by the Commission president to the member states.

Making space for China

Jim O‘Neill

A new start for Greece

Greece's new government under prime minister Alexis Tsipras – in power for not even two weeks – has had a rollercoaster ride. In the face of crisis, i

Guntram B. Wolff

Obama joins the Greek chorus

US President Barack Obama’s recent call to ease the austerity imposed on Greece is remarkable – and not only for his endorsement of the newly elected

Ashoka Mody

Two cheers for the new normal

The conventional wisdom about the state of the world economy goes something like this: Since the start of the 2007-2008 financial crisis, the develope

Jim O‘Neill