Joint EU borrowing to boost the recovery, if not treated as national deficit and debt, will substantially ease rules-based fiscal adjustment needs in southern and eastern Europe, but not in western and northern Europe.
COVID-19 vaccination campaigns in the fastest-moving countries show signs of reinforcing inequality. European Union countries can avoid these pitfalls.
This paper aims to contribute to the understanding of Europe as reflected in European media.
The spine of the letter represents the fall in activity at the start of the pandemic. Then there is a split, which leads to the two ‘arms’ that capture the different directions taken by economic activity in different sectors.
Join us for the launch of the eighth edition of the 'Euro Yearbook'
Study assessing the impact of the COVID-19 crisis on the European Union's Internal Market and consumer protection prepared for the European Parliament.
This paper assesses COVID-19 credit-support programmes in five of the largest European economies, and examines how countries have dealt with trade-offs raised by the programmes.
Ce qui est malsain, avec la proposition d’annuler la dette, c’est le déni de réalité consistant à affirmer que l’Etat peut effacer une partie de ses engagements sans que cela ne coûte à personne.
Ongoing fiscal support in the United States is not expected to provoke inflation risks. There are no immediate inflationary risks in the euro area either.
What has the impact of the pandemic on households’ financial resilience been, and how should policy makers respond?
Join us in conversation with EBRD President Odile Renaud-Basso.
How would a digital Euro impact the financial system?