Armin Steinbach
Armin Steinbach is a Non-resident Fellow at Bruegel. He is currently on leave for public service as Chief Economist and Director-General in the German Ministry of Finance, overseeing economic and fiscal policy strategy.
He covers economic and financial policy, European and international law and constitutional law. His research aims at interdisciplinary inquiry and bridging academic research and policymaking.
He speaks English, German and French.
He is also on leave from his roles as Jean Monnet Professor of Law and Economics at HEC Paris and Research Affiliate at the Max Planck Institute for Research on Collective Goods in Bonn. Previously, Armin held academic posts at Oxford University, European University Institute Florence, the University of St. Gallen and Harvard University. He served as a civil servant in the German Ministries of Finance and of the Economy and in the German parliament. He practiced as lawyer with Cleary Gottlieb Steen & Hamilton in Brussels and at the World Trade Organization (WTO) in Geneva. He holds a PhD in Law from University of Munich and in Economics from University of Erfurt.
Featured work
Rethinking the governance and funding of European rearmament
The Governance and Funding of European Rearmament
Bigger, better funded and focused on public goods: how to revamp the European Union budget
Boosting EU budget revenues with a defence spending shortfall levy
The European Union’s defence spending laggards could be asked to pay more into the common budget
Intra-Western Balkans dynamics: stocktaking and ways ahead
This paper explores the barriers to, and prospects for, deeper intra-Western Balkan economic relationships
Germany’s budget vs the EU: clash coming?
Germany has amended its constitutional debt brake to free up room for much needed defence investments. How does this align with EU law?
Will EU fiscal rules prevent Germany from using its new national borrowing space?
Germany's fiscal rules dilemma
Without further reform, European Union fiscal rules could stop Germany from using the new fiscal space it has freed up for itself
Das Milliardenpaket von Merz könnte als Papiertiger enden
The proposed European Defence Mechanism: questions and answers
Answering ten questions on the proposed EDM
The governance and funding of European rearmament
Europe must accelerate rearmament through deeper cooperation and innovative governance to counter Russia’s aggression and shifting US policies
G7’s Ukraine loan is at risk
Financing European air defence through European Union debt
In this paper, we propose the creation of an EU funding mechanism to internalise the positive externalities provided by national air-defence systems
Memo to the commissioner responsible for the European Union budget
Debt financing European air defence
A case can be made for financing European air defence through issuance of EU debt
How to harvest the windfall profits from Russian assets in Europe
The challenge still remains of crafting a syndicated loan for Ukraine backed by G7 members that strikes a fair deal on burden sharing
A conceptual framework for the identification and governance of European public goods
How to find institutional arrangements for public-good provision, to maximise the benefits of public goods for EU members?
Stay away from Russian money
The EU would shoot itself in the foot by confiscating Russian assets and giving them to Ukraine
The rocky road to EU accession for Western Balkan countries: obstacles and lessons from the Eastern Partnership
The three eastern European states had practically no waiting time before being accepted as candidate countries right after application
How can the EU issue debt to finance EU public goods?
All work
External publication
01 August 2025
External publication
01 December 2025
Blueprint
10 July 2025
First Glance
11 June 2025
Boosting EU budget revenues with a defence spending shortfall levy
The European Union’s defence spending laggards could be asked to pay more into the common budget
Working paper
28 May 2025
Intra-Western Balkans dynamics: stocktaking and ways ahead
This paper explores the barriers to, and prospects for, deeper intra-Western Balkan economic relationships
Podcast
07 May 2025
Germany’s budget vs the EU: clash coming?
Germany has amended its constitutional debt brake to free up room for much needed defence investments. How does this align with EU law?
Newsletter
28 April 2025
Opinion piece
24 April 2025
Analysis
24 April 2025
Germany's fiscal rules dilemma
Without further reform, European Union fiscal rules could stop Germany from using the new fiscal space it has freed up for itself
Analysis
17 April 2025
The proposed European Defence Mechanism: questions and answers
Answering ten questions on the proposed EDM