Event
20 April 2023
Will investors ever view EU bonds as sovereign bonds?
At this invitation only event we welcome Siegfried Ruhl to discuss EU bonds.
European stability mechanism
Showing 1-16 of 30 results
Blog post
09 December 2020
Thinking big: debt management considerations for the EU’s pandemic borrowing plan
If not handled correctly, the European Union’s transition to take on a new role as an issuer of public debt risks crowding out existing markets. Manag
Event
24 April 2020
The Sound of Economics Live: Post-Council commentary
Can the European leaders meeting at the Council come together for a comprehensive recovery package?
Event
10 April 2020
The Sound of Economics Live: Can the Eurogroup save the day?
In this episode of The Sound of Economics, we analyse the Eurogroup's 'rescue plan' amidst the economic fallout brought about by the COVID-19 health c
Event
31 March 2020
The Sound of Economics Live: The macroeconomic policy response to the COVID-19 crisis
Which macroeconomic policy response is the best option to deal with the crisis currently unfolding and will ensure that the recovery will be as quick
Blog post
25 March 2020
Coronavirus and the politics of a common fiscal instrument
Coronavirus means many European Union countries will soon face major increases in their sovereign debt burdens, exacerbated by the sudden collapse of
Blog post
18 March 2020
What should be done to reduce euro-area spreads?
Spreads are rising again in the euro-area at the worst possible time, when fiscal policy is needed to fight the coronavirus pandemic and the related e
Comment
18 March 2020
The European coronavirus response must be a solution, not more stigma
Lagarde needs a different bazooka in responding to a natural disaster like COVID-19.
Blog post
24 June 2019
The June Eurogroup meeting: Reflections on BICC
The Eurogroup met on June 13th to discuss the deepening of the economic and monetary union (EMU) and prepare the discussions for the Euro Summit. From
Event
11 April 2019
Can the euro area weather the next crisis?
Is the euro area strong enough to make it through another crisis? What reforms are still needed. Klaus Regling will join us for this roundtable event
Blog post
29 January 2019
After the ESM programme: Options for Greek bank restructuring
With the end of the Greece support programme, authorities now have scope to focus on the legacy of NPLs and excess private-sector debt. Two wide-rangi
Blog post
13 December 2018
Does the Eurogroup's reform of the ESM toolkit represent real progress?
The deal reached on euro-zone reform at the December 4th Eurogroup is not ground-breaking. However, it contains a number of incremental but potentiall
External publication
22 November 2018
How to provide liquidity to banks after resolution in Europe’s banking union
Banks deemed to be failing or likely to fail in the banking union are either put into insolvency/liquidation or enter a resolution scheme to protect t
Comment
29 August 2018
The ECB is compromising the attractiveness of euro-area sovereign bonds
The ECB should refine its collateral framework in order to continue protecting its balance sheet without putting at risk the safe-asset status of sove
Blog post
11 June 2018
Enhancing the ESM lending toolkit through a precautionary credit line
Strengthening the ESM can help to prevent crises and enhance deeper financial integration in the euro area. Yet, mislabelling the ESM as “European Mon
Comment
25 May 2018
Make euro-area sovereign bonds safe again
In their recent Policy Insight, the team of French and German authors suggest introducing sovereign bond-backed securities to play the role of safe as