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Blog Post

Vaccine diplomacy: soft power lessons from China and Russia?

The rocky start to the European Union’s vaccination rollout has allowed Moscow and Beijing to score political points in the Balkans and Central and Eastern Europe.

By: Michael Leigh Topic: European Macroeconomics & Governance, Global Economics & Governance Date: April 27, 2021
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Past Event

Past Event

What will the EU's new migration policy do differently?

What does the EU's new migration policy look like and is it likely to succeed?

Speakers: Hanne Beirens, Margaritis Schinas and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 10, 2020
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Blog Post

An appropriate European Union response to tensions in the Eastern Mediterranean

If the European Union can mediate effectively to resolve current Greek-Turkish tensions over energy in the Eastern Mediterranean, it could also provide an opportunity to tackle more deep-rooted problems.

By: Michael Leigh Topic: Energy & Climate, Global Economics & Governance Date: August 28, 2020
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Blog Post

Has COVID-19 dented the EU’s credibility in the Balkans?

Muddled initial reactions to the COVID-19 crisis tarnished the EU’s image in the Western Balkans. Europe should not take for granted the extent of its influence over its backyard in the face of Chinese and Russian charm offensives.

By: Aliénor Cameron and Michael Leigh Topic: European Macroeconomics & Governance Date: June 15, 2020
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Past Event

Past Event

What help is needed for the EU neighbourhood to come through the COVID-19 crisis?

At this event European Commissioner Várhelyi and EBRD President Sir Suma Chakrabarti will discuss what Europe is doing to help it's neighbourhood respond to the COVID-19 crisis.

Speakers: Sir Suma Chakrabarti, Maria Demertzis and Olivér Várhelyi Topic: European Macroeconomics & Governance, Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 12, 2020
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Opinion

Can the EU overcome its enlargement impasse?

The ‘new enlargement methodology’ may help overcome the impasse triggered by the inability of the European Council to open accession negotiations with North Macedonia and Albania

By: Marek Dabrowski Topic: Global Economics & Governance Date: February 27, 2020
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Blog Post

Questions to the Commissioner-designate for Neighbourhood and Enlargement

Historically, the EU enlargement process played a powerful role in encouraging the EU candidates and potential candidates to conduct fundamental political, economic and institutional reforms. This has also happened with the Western Balkan countries once they received the EU membership perspective in 2003. However, in the last few years, preparations for their accession slowed down, as a result of limited progress in domestic reforms, unresolved regional conflicts and limited appetite for further enlargement among EU member states.

By: Marek Dabrowski Topic: European Macroeconomics & Governance Date: September 30, 2019
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Blog Post

It’s hard to live in the city: Berlin’s rent freeze and the economics of rent control

A proposal in Berlin to ban increases in rent for the next five years sparked intense debate in Germany. Similar policies to the Mietendeckel are currently being discussed in London and NYC. All three proposals reflect and raise similar concerns – the increase in per-capita incomes is not keeping pace with increases in rents, but will a cap do more harm than good? We review recent views on the matter.

By: Inês Goncalves Raposo Topic: European Macroeconomics & Governance Date: July 8, 2019
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Blog Post

The breakdown of the covered interest rate parity condition

A textbook condition of international finance breaks down. Economic research identifies the interplay between divergent monetary policies and new financial regulation as the source of the puzzle, and generates concerns about unintended consequences for financing conditions and financial stability.

By: Konstantinos Efstathiou and Bruegel Topic: Finance & Financial Regulation Date: July 1, 2019
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Blog Post

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 the meeting came two main deliverables: an agreement over a budgetary instrument for competitiveness and convergence and the reform of the European Stability Mechanism (ESM) treaty texts. We review economists’ first impressions.

By: Bruegel and Inês Goncalves Raposo Topic: European Macroeconomics & Governance Date: June 24, 2019
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Blog Post

The campaign against ‘nonsense’ output gaps

A campaign against “nonsense” consensus output gaps has been launched on social media. It has triggered responses focusing on the implications of output gaps for fiscal policy under EU rules, especially for Italy. But the debate about the reliability of output-gap estimates is more wide-ranging.

By: Konstantinos Efstathiou and Bruegel Topic: European Macroeconomics & Governance Date: June 17, 2019
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Blog Post

The inverted yield curve

Longer-term yields falling below shorter-term yields have historically preceded recessions. Last week, the US 10-year yield was 21 basis points below the 3-month yield, a feat last seen during the summer of 2007. Is the current yield curve a trustworthy barometer for future growth?

By: Inês Goncalves Raposo and Bruegel Topic: Global Economics & Governance Date: June 11, 2019