Euro area

The real justification for the digital euro? Monetary sovereignty

The best argument for the digital euro is to discourage ghosts of the euro crisis from returning to haunt Europe

Rebecca Christie

The Werner Report, the Delors Report and the Birth of Euro

Ivo Maes

Rules, discretion and market stabilisation in the euro area

Zsolt Darvas and Francesco Papadia

Divisia monetary aggregates for the euro area

Zsolt Darvas

Euro-area monetary policy in a more shock-prone world

Ravi Balakrishnan

Disaster risk in euro-area bond markets

What investment funds tell us about euro-zone fragility

Rebecca Christie, Christoph Kaufmann and Stavros Zenios

Sudden stops in the euro area

This Policy Brief is a reissue of a Policy Brief published by Bruegel in March 2012

Silvia Merler and Jean Pisani-Ferry

When Greece was on the brink of euro exit: disaster averted, lessons learned

There are good arguments for greater European integration, but it must be built on trust, not spun out of crisis

Marco Buti, Klaus Regling and Thomas Wieser

Accidental Neoliberalism: Democratic Accountability in the Making of the Euro, 1957–92

Emmanuel Mourlon-Druol

Lessons for the European Central Bank from the 2021-2023 inflationary episode

This paper reflects on these developments ahead of the ECB’s 2025 monetary policy review

Pablo Hernández de Cos

Greece's debt crisis: a decade of resilience

Ten years after: economic growth, political change and the path forward for Greece

Rebecca Christie, George Papaconstantinou and Eleni Varvitsioti

On the digital euro holding limits

The plan for a retail digital euro holding limit, combined with a ‘waterfall approach’ to smooth transactions, sets up an apparent clash of objectives

Maria Demertzis and Juan Mejino-López