Bruegel Blog (archive)

Slow, but real progress on resolving eurozone crisis

Last week summit of heads as well as finance ministers marks an important step in completing the eurozone architecture. At the same time, the summit’s

The Unitary patent: challenges still ahead

On December 11th the European Parliament approved the proposal made by the Competitiveness Council at Ministerial level to create a “unitary” patent t

Blogs review: State-dependent monetary policy guidance

What’s at stake: The Fed announcement to move from a date-based approach to forward policy guidance to quantitative unemployment and inflati

Europe Takes an Important Step Forward on Banking

The political agreement reached early on December 13 by Europe’s finance ministers makes it highly likely that legislation establishing a Single Super

Bruegel scholars disclose outside interests to increase transparency

On 17 December, Bruegel announced the public disclosure of outside interests of Resident Fellows and managers. Since the think-tank's creation, all sc

Capital outflows in the euro area: is there a sign of relief?

An update of the underlying data to September 2012 suggests that private capital outflows from a number of Southern European countries has showed sign

A banking union of 180 or 91%?

The European finance ministers have agreed on a deal for the banking union. According to the deal, the ECB would be directly responsible for banks wit

Cooperation between home and host countries on the supervision of multinational banking groups

With regard to oversight of multinational banks, supervisory authorities in home countries used to play a greater role than those in host countries. H

Lessons from the launch of the US Consumer Financial Protection Bureau

The US government established the Consumer Financial Protection Bureau (CFPB) in 2011 as an independent agency accountable to Congress. Despite politi

Financial regulatory reforms in the UK and US to manage systemic risks and strengthen consumer protection

Compared to micro-prudence of financial institutions, ‘systemic stability’ and ‘consumer protection’ are harder to achieve because they are beyond the

Real exchange rate adjustments around the globe

Real effective exchange rate adjustment trends in the aftermath of the global financial and economic crisis were generally not out of line with histor

Where did smart money go in 2012?

The short answer is: into the periphery of Europe.

Blogs review: Robots, capital-biased technological change and inequality

What’s at stake: What started as a discussion about the rise of automation in manufacturing – and its potential impact on “re-shoring” manufacturing t

German wages grow faster than euro area average

In 2012 German wages increased faster than in the rest of the European Union. In the first quarter German nominal wages and salaries increased by 2.1

European antitrust fines: a new wave of deterrence?

The European Commission just delivered the highest aggregate fine in its history for operating a cartel: €1.47bn (see Euractive). That comes at the en

A genuine monetary union?