Commentary

A New Greek Test for Europe

Europeans must brace themselves for another bout of political and legal turmoil. The Europe that emerges from it could look, for better or worse, very

Ashoka Mody

Reshaping Europe’s financial system

With the upcoming Asset Quality Review (AQR) by the European Central Bank, Europe has a chance to fundamentally reshape its financial system to make i

André Sapir and Guntram B. Wolff

Euribor and the limits of antitrust

The European Commission is investigating a suspected banking industry cartel, one of the many consequences of the opening of the London Interbank Offe

Mario Mariniello

Brussels drops the call on Europe's single digital market

The European Commission's reforms are too coy about making the changes that would create a true digital single market.

Mario Mariniello

The euro area needs a German miracle

Recent sentiment indicators of the euro area are encouraging but return to lasting health of the euro area economy will still require major further st

Guntram B. Wolff

EU trade with Myanmar and the grasshopper problem

The European Union’s decision to reinstate Burmese access to the generalised scheme of tariff preferences (GSP) was the right move, bec

The rupee’s wake-up call

The Indian rupee has weakened rapidly in recent months, with the exchange rate against the US dollar dropping by 11%, to around 60 rupees, since early

Ashoka Mody

Mehr Augen sehen mehr

Soll Deutschland einer gemeinsamen Bankenaufsicht auf EU-Ebene zustimmen, oder gibt Berlin dadurch zu viele Kompetenzen auf?

Guntram B. Wolff

Misreading the Global Economy

In April 2010, the International Monetary Fund’s World Economic Outlook offered an optimistic assessment of the global economy, describing a

Ashoka Mody

Europe’s Troika should grow up

In early 2010, a group of men (and a few women) in dark suits landed in Athens. They belonged to a global institution, the International Monetary Fund

Jean Pisani-Ferry

Germany must lead by example on fixing its banks

Charles Kindleberger, the pre-eminent historian of financial crises, described a hegemon as a country willing to accept short-term costs for the sake

Ashoka Mody

Chinese solar panels - economics or politics?

Unless appropriately managed, the ongoing row on the proposed EU tariffs on solar panel imports from China has the potential to lead to a serious trad

Suparna Karmakar

Fiscal federalism: US history for architects of Europe's fiscal union

Ever since first the blueprints for monetary union in Europe were drawn up, the United States, considered as a collection of individual states or re

Randall Henning

Why Germany fell out of love with Europe

Politics and trade: lessons from past globalisations

Kevin O'Rourke

Testing times for global financial governance

Ignazio Angeloni