External opinion

The Silicon Valley Bank collapse: Prudential regulation lessons for Europe and the world

In the EU, there is no bank like SVB and supervision appears better than in the US, but the resolution framework remains incomplete.

Fully reimbursing SVB depositors may prove to be a bad move (via CNN)

Reimbursing all SVB and Signature Bank depositors — even if their deposits are worth millions of dollars will have long-term impacts.

There are no shortcuts to finance

The basic underpinnings of regulation, reserves and (legal) recourse are missing in decentralised finance, or DeFi.

Europe is out of the immediate energy crisis

The challenge now for policymakers and industry alike is to smoothly facilitate a transition toward structurally lower gas consumption.

Search to answer engine shift challenges dynamic competition

Microsoft and Google’s move towards answer engines requires competition authorities to preserve dynamic competition.

Reinventing the European Union

Russia’s invasion of Ukraine and new economic imperatives have called into question the EU’s long-standing reliance on regulatory standards as a form.

Europe needs new rules if Russia offers gas again

Russia could try to split the EU with a strategic gas offer. Brussels should therefore re-regulate Russian gas imports.

One year in ten numbers

A reflection on how the world has changed since the Ukraine invasion, through the lens of ten revealing numbers.

Are sanctions against Russia working?

The Russian economic model is totally dependent on an industry that will become extinct.

Whither EU Fiscal Rulemaking?

Since fiscal discipline is essential for euro stability, any new governance framework must minimize the risk of cross-border negative spillovers.

German deindustrialisation is still looming

Why Europe’s Franco-German Engine Is Stalling

The EU response to the United States Inflation Reduction Act

The EU must avoid the trap of having to take sides in the conflict between the US and China.

Concessional climate finance: the Bridgetown Initiative

Don’t expect Asia to save the global economy in 2023

Southeast Asian economies, as well as India, are expected to decelerate, which will blur the positive impact of China’s reopening.

Digital Euro blurs the lines between money and politics

A central bank-backed digital currency would put the EU in the global vanguard when it comes to taking cash payments online.