European monetary union

Capital Markets Union: a vision for the long term

This Policy Contribution presents facts about EU capital markets, issues that should be taken into account in the development of CMU policy, correspon

Benefits and drawbacks of European Unemployment Insurance

European Unemployment Insurance is one option for stabilising country specific economic cycles thanks to risk sharing, but it would not substanti

EU to DO 2015-2019

Memos to the new EU leadership.

For a Euro Community

We are absolutely convinced that a new momentum can and must be given, and a new milestone reached. The time is now. Citizens who wish to support the

Europe's social problem and its implications for economic growth

The European Union faces major social problems. More than six million jobs were lost from 2008-13 and poverty has increased. Fiscal consolidation has

The neglected side of banking union: reshaping Europe’s financial system

Policy contribution presented at the informal ECOFIN in Vilnius on September 14, discussing how Europe's financial system could and should be res

Europe's growth problem (and what to do about it)

The issue: The European Union's pre-crisis growth performance was disappointingenough, but the performance has been even more dismal since theonset of

A budget for Europe's monetary union

In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; union-wide support is needed. A common euro-area budg

The known unknowns and the unknown unknowns of the EMU

Extensive prior research on the economics of European monetary union highlighted some potential risks (the known unknowns) but overlooked others (the

The fiscal implications of a banking union

Systemic banking crises are a threat to all countries whatever their development level. They can entail major fiscal costs that can undermine the sus

The messy rebuilding of Europe

The euro crisis and subsequent policy responses have challenged the assumptions underpinning the euro-area's governance, and the relationship bet

Not all financial regulation is global

Financial regulation at global level has been high on the G20 agenda. However, financial multipolarity, with the rise of emerging economies, and its i

A European Exit Strategy

Globalisation and the reform of European social models