External Publication
Political Assessment of Possible Reactions of EU Main Trading Partners to EU Border Carbon Measures
This briefing was prepared for the European Parliament’s Committee on International Trade (INTA).
Bruegel scholars are often called upon to provide their expertise to parliaments. Below is a list of recent testimonies to national, European and American parliaments.
External Publication
This briefing was prepared for the European Parliament’s Committee on International Trade (INTA).
Parliamentary Testimony
Testimony at the Committee on EU Policies of the Italian Chamber of Deputies.
External Publication
This study identifies the national insolvency procedures applicable to banks and analyses key differences between them, notably concerning the circumstances according to which the application if reorganisation or winding-up procedures is triggered, the ranking of liabilities, and the available tools to manage bank crises.
External Publication
On 14 January 2020, the European Commission published its proposal for a Just Transition Mechanism, intended to provide support to territories facing serious socioeconomic challenges related to the transition towards climate neutrality. This report provides a comprehensive analysis of how the EU can best ensure a ‘just transition’ in all its territories and for all its citizens with the tools at its disposal. It provides an overview and a critical assessment of the Commission's proposal, and suggests possible amendments based on best practices from other just-transition initiatives.
Policy Contribution
To keep the euro-area economy afloat, the European Central Bank has put in place a large number of measures since the beginning of the COVID-19 crisis. This response has triggered fears of a future increase in inflation. However, the ECB's new measures and the resulting increase in the size of its balance sheet, even if it were to be permanent, should not restrict its ability to achieve its price-stability mandate, within its legal obligations.
External Publication
How can the EU product safety and compliance framework help promote product durability and tackle planned obsolescence, foster the production of more sustainable products, and achieve more transparent supply chains for consumers? Product longevity can play a useful role in achieving the Paris Agreement goals – material efficiency is an important contributor to energy efficiency and is also important in its own right. The product safety and compliance instruments available at European level can contribute to these efforts, if wisely applied.
Policy Contribution
'Whatever it takes' needs to be the motto to preserve lives and reduce the impact on the economy of the epidemic.
Policy Contribution
On 14 January 2020, the European Commission published its proposal for a Just Transition Mechanism, intended to provide support to territories facing serious socioeconomic challenges related to the transition towards climate neutrality. This brief provides an overview and a critical assessment of the first pillar of this Mechanism, the Just Transition Fund (JTF).
Policy Contribution
The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to euro-area financial stability, we highlight issues that deserve more attention.
External Publication
This paper gives an overview of the seven aspects of resolvability defined in 2019 by the Single Resolution Board, and then assesses progress in two key areas, based on evidence gathered from public disclosures made by the 20 largest euro-area banks. The largest banks have made good progress in raising bail-in capital. Changes to banks’ legal and operational structures that will facilitate resolution will take more time. Greater transparency would make it easier to achieve the policy objective of making banks resolvable.
Policy Contribution
Recent developments have re-opened the debate on the future of money. This Policy Contribution discusses two aspects: the implications of the rise of global private stablecoins, such as Facebook's Libra, and the role that public central bank digital currencies could play.
External Publication
Since the second half of 2018, signs of a slowdown have been piling up in the euro area. The ECB will face major challenges in this potentially difficult period: its main tools are nearly exhausted, the monetary union in which it operates is still incomplete, and it lacks the understanding of what the ‘new normal’ looks like. The authors, therefore, urge the ECB to review its strategy and framework to be able to face these challenges.
