Eu governance

The value added of central bank digital currencies: a view from the euro area

Central bank digital currencies do have added value, but this is not the same for every country.

Between a rock and a hard place: the EU response to national import bans on Ukrainian grain

The European Commission had to choose between imperfect alternatives because of frontline state backlash against massive Ukrainian grain imports.

Net Zero Industry Act

Testimony before the S&D ITRE Working Group at the European Parliament.

Testimony to the European Parliament Budget Committee on EU borrowing costs

Central banks: uncertainty is the problem, not managing the trilemma

Regaining price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty.

The Commission’s Crisis Management and Deposit Insurance proposal has the potential to significantly improve banking resolution in the EU

The collapse of several US regional institutions and of Crédit Suisse has increased the urgency for crisis management reform in the EU.

The age of competition in generative artificial intelligence has begun

Competition in generative artificial intelligence spurs disruptive, potentially beneficial innovations, but not without costs and risks.

Bank of Russia’s immobilised assets: what happens next?

How should the EU tackle the issue of effective user consent for data processing?

Fiscal rule legislative proposal: what has changed, what has not, what is unclear?

The proposed new fiscal rules constitute a major improvement from the current fiscal framework but missed an opportunity to foster green investment.

Europe’s digital competition law can give users more effective control of their data

The European Union’s Digital Markets Act gives regulatory authorities another chance to tackle the difficult issue of user consent for data processing

De-dollarisation

Fixing Germany’s fixes of the European Commission’s fiscal governance proposal

Germany has valid concerns about Commission’s plan for reforming the fiscal rules. But there are better ways to address them.

Mobilising transition finance will require credible corporate climate plans

Many jurisdictions now require companies to demonstrate ‘climate alignment’; investors need tools to evaluate whether transition plans are credible

A change of tack on EU-China relations