Past Event

The Covid Crisis and European State Aid Rules: The Case for a Rational Approach

Considering a new approach to find the way out of the Great Financial Crisis.

Date: May 27, 2020, 1:00 pm Topic: European Macroeconomics & Governance

The pandemic has prompted the launch by national governments of emergency economic support programmes that aim at limiting the fallout of the sanitary crisis. The economic and sanitary outlook has worsened since the March Commission decisions. The health crisis is not expected anymore to be over by summer and some scenarios envisage its continuation beyond the end of 2020. In a seriously damaged global context, its economic and labour market consequences could extend to 2021 or even beyond.

In this context, there is a growing case for replacing time-bound exemption initially adopted by a state-contingent approach that would let the duration and extent of exemptions to normal rules depend on sanitary and economic criteria.

Drawing on research undertaken at Bruegel, at this workshop we will: review the experience of the Great Financial Crisis, take stock on the application of the temporary framework, assess priorities in the post-lockdown phase and the outlook for 2020 and beyond, and review options for reforming the current framework and extending its scope beyond end-2020.

This workshop is off-the-record and invitation-only. It is open only to Bruegel’s Membership programme and select experts. 

Schedule

May 27, 2020

13:00-14:30

Closed-door workshop

Location & Contact

Katja Knezevic

[email protected]

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Upcoming Event

Apr
13
13:00

An alpine divide? Comparing economic cultures in Germany and Italy

A discussion of Italian and German macro-economic cultures and performances.

Speakers: Thomas Mayer, Patricia Mosser, Marianne Nessén, Hiroshi Nakaso, Francesco Papadia, André Sapir and Jean-Claude Trichet Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Apr
21
14:00

Living standards and financial resilience across Europe

What has the impact of the pandemic on households’ financial resilience been, and how should policy makers respond?

Speakers: Romina Boarini, Zsolt Darvas, Maria Demertzis and Daniel Tomlinson Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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External Publication

Wealth distribution and social mobility

This report explores the distribution of household wealth in the EU Member States and analyses the role of wealth in social mobility.

By: Zsolt Darvas and Catarina Midões Topic: European Macroeconomics & Governance Date: April 1, 2021
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Working Paper

The unequal inequality impact of the COVID-19 pandemic

Less-educated workers have suffered most from job losses in the COVID-19 pandemic, and it is quite likely there was a significant increase in European Union income inequality in 2020.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, Global Economics & Governance Date: March 30, 2021
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Blog Post

New EU insolvency rules could underpin business rescue in the COVID-19 aftermath

Corporate bankruptcies are set to rise in the context of COVID-19. EU countries should speed up adoption of recent insolvency reforms and, in addition, offer consistent treatment to restructuring finance.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: March 24, 2021
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Blog Post

How has COVID-19 affected inflation measurement in the euro area?

COVID-19 has complicated inflation measurement. Policymakers need to take this into account and should look at alternative measures of inflation to understand what is actually happening in the economy.

By: Grégory Claeys and Lionel Guetta-Jeanrenaud Topic: European Macroeconomics & Governance Date: March 24, 2021
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Blog Post

An update: Vaccination in the EU

Progress has been made, but more progress is needed.

By: J. Scott Marcus and Niclas Poitiers Topic: European Macroeconomics & Governance, Innovation & Competition Policy Date: March 17, 2021
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Past Event

Past Event

Think green act local: the role of the G20 in sustainable infrastructure

In this workshop, invited guests will discuss priorities and proposals for the Italian G20 Presidency for a green local infrastructure agenda.

Speakers: Amar Bhattacharya, Marco Bucci, Adriana Calderon, Maria Demertzis, Matthias Helble, Elly Schlein, Niclas Poitiers and Gelsomina Vigliotti Topic: Energy & Climate Date: March 15, 2021
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Blog Post

Persistent COVID-19: Exploring potential economic implications

We see three main economic implications of a scenario of recurrent outbreaks: lasting border restrictions, repeated lockdowns and enduring effects on the composition of both supply and demand. We explore each of these implications in turn.

By: Olivier Blanchard and Jean Pisani-Ferry Topic: Global Economics & Governance Date: March 12, 2021
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Past Event

Past Event

Presentation of the Euro Yearbook 2021

Join us for the launch of the eighth edition of the 'Euro Yearbook'

Speakers: Maria Demertzis, Fernando Fernández, Fiona Maharg-Bravo, Antonio Roldán and Jorge Yzaguirre Topic: European Macroeconomics & Governance Date: March 12, 2021
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External Publication

When and how to unwind COVID support measures to the banking system?

Study of regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries prepared for the ECON committee of the European Parliament.

By: Alexander Lehmann Topic: European Macroeconomics & Governance Date: March 9, 2021
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Blog Post

Self-employment, COVID-19, and the future of work for knowledge workers

The experiences of the self-employed could give a glimpse into the future of work for knowledge workers in a post-pandemic world.

By: Milena Nikolova Topic: Innovation & Competition Policy Date: March 8, 2021
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