Commentary

The rolling global crisis will come home

When productivity growth slows down, there are two choices: to invest in the future or to live within one’s means. Instead, policymakers preoccupied w

Ashoka Mody

Euro area banks remain vulnerable

Strengthening the banking system is important to achieve a sustainable recovery, because it will revitalise credit to the healthier segments of the ec

Guntram B. Wolff and Ashoka Mody

Greece: Lessons for Europe

It was inevitable that Greece would have to make cuts. Yet, if it is ever to pay back its debts, what the country needs most of all is a growth strate

Guntram B. Wolff

Los trémulos cimientos del 'plan Juncker'

Los detalles del plan alimentan el escepticismo

Grégory Claeys

Greece’s debt burden can and must be lightened within the Euro

The current link between debt servicing and membership of the single currency leads to a vicious circle that increases uncertainty, weakens growth and

Guntram B. Wolff and Marcel Fratzscher

Europe must wake up before Iran falls into the arms of Russia and China

European leaders seem to have been caught somewhat off-guard by the Iran deal. The Greek saga alone could explain this. The problem is that other comp

Alicia García-Herrero

Griechenlands Schuldenlast kann und muss im Euroraum erleichtert werden

Die Verknüpfung von Schuldendienst mit der Mitgliedschaft in der Währungsunion führt zu einem Teufelskreis, der das Wachstum schwächt und damit eine R

Guntram B. Wolff and Marcel Fratzscher

Waiting for G-Day

With a final decision on Greece fast approaching, what is the worst-case scenario: bailout or Grexit?

Zsolt Darvas

#Greferendum: 3 Questions, 3 Answers

Guntram Wolff replies to three questions in the aftermath of the announced results of the Greek referendum of 5 July 2015.

Guntram B. Wolff

What is at stake in the referendum?

The decision by the prime minister to call a referendum leaves the Greek citizens with a stark choice. The core of the question is whether Greek citiz

Guntram B. Wolff

#Greferendum

Defying hopes that negotiations could lead to an agreement between Greece and its creditors by the end of the week and ahead of the programme expiring

Silvia Merler

David Cameron and the EU’s Waterloo

The United Kingdom, whose new majority Conservative government has pledged to hold a referendum on European Union membership by the end of 2017, perha

Ashoka Mody

Priorities for euro area governance reforms

In order to calm fears about weak euro area governance: better fiscal governance and a mechanism to ensure competitiveness despite the absence of

André Sapir and Guntram B. Wolff

The emerging world: Debt as key risk

Perhaps the most ostensible of all challenges faced by the global economy is that of pervasive debt levels. For quite some time now, particularly foll

Alicia García-Herrero

Giving Greece a chance

This opinion piece by members of the Eiffel Group and the Glienicke Group argues that the Greek tragedy must not go on. Europe’s growing frustration w

Speech by Pier Carlo Padoan, Ministry of Economy and Finance, Italy

Speech from Bruegel 10th Anniversary Event, “Europe and Emerging Markets”, held in Rome on 5 May 2015.

Pier Carlo Padoan