Divergent economic dynamics grind down the Franco-German EU axis
France must face up finally to its fiscal failings – and can no longer rely on German indulgence
Debt financing European air defence
A case can be made for financing European air defence through issuance of EU debt
EU securitisation push needs markets, not housing guarantees
Scale and liquidity are two challenges that remain in the pursuit of EU securitisation
The implications of the European Union’s new fiscal rules
This policy brief summarises the main features of the new European Union fiscal framework
Europe’s Banking union at ten: unfinished yet transformative
Nicolas Véron offers the first comprehensive exploration of the genesis, implementation and possible future completion of the banking union
Read the bookMacron's snap election gamble
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Elections 2024
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The economic case for climate finance at scale
This policy brief examines the economic case for advanced-country financial support for replacement of coal with renewable energy sources in EMDEs
How much does Europe pay for clean air?
Despite major progress, the cost of air pollution is still huge for the European Union
Twenty years of European east-west household income convergence
While average household income is lower than GDP per capita, the poor have especially benefitted from income gains in central and eastern EU members
The European Central Bank must adapt to an environment of inflation volatility
The ECB must adapt its strategy to a new era of supply disruptions
Tough trade-offs: the big strategic issues for the next EU term
Three overarching economic policy trade-offs will set the context for the new Commission from the beginning of its mandate
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