Further democratic legitimacy is a pre-requisite to economic union. This article explores how economic policies in the euro area should be coordinated, but this cannot be done in a mechanical rules-based manner. Arguing the contrary suggests a cavalier understanding of the complexity of economic policymaking.
The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We aim to explain and to highlight what different options can and cannot achieve. We end by drawing some tentative conclusions on potentially adequate quid-pro-quo measures for different forms of deposit insurances given the problem of transition.
China has recently started to express interest in the Juncker plan. There have been rumours that China would like to initially invest between €5 and €10 billion. However no clarity exists yet as to how China will invest.
In the transition to a low carbon energy sector, what role does the European Commission foresee for competition policy ?
After a tough 12 months, where will the next few years take this engine of global growth?
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After five years of struggle, a massive trade pact has been signed among the US, Japan and 10 other economies (mostly in Asia but also Latin America): the Trans-Pacific Partnership (TPP).
Bruegel co-organised the 12th Asia Europe Economic Forum (AEEF), which took place on 1-2 October 2015 in Paris, France.
The Iranian nuclear deal reached in July can potentially reshape the Iranian economy in general and its energy sector in particular. On the basis of this historical step, many voices suggested that Iran might (or should) become a new gas supplier to Europe. We suggest that there are important impediments to significant commercial gas flows from Iran to the EU in the foreseeable future. We argue, however, that cooperation on a limited pilot project could have strategic value.
What’s at stake: The banking industry response to the Fed’s decision not to hike rates has led bloggers pondered about why bankers are pushing for higher rates in a low inflation environment and whether it actually goes against their long term interests.
Europe needs to convince poor countries that it is serious about a climate deal. To do this it must act jointly and decisively to shape global climate finance.