Blog post
09 May 2018
The European Commission’s proposal for a new stabilisation instrument inside the EU budget for the countries of the economic and monetary union is dis
Opinion piece
19 April 2018
Deposit insurance, like any insurance scheme, raises moral hazard concerns.
Opinion piece
20 March 2018
Europe needs to have its Italian voice. A stable government is required not only to pursue domestic policies and remain fiscally prudent but also to n
Blog post
06 December 2017
Our scholars Grégory Claeys, André Sapir, Dirk Schoenmaker, Nicolas Veron and Guntram B. Wolff, explore the next steps needed to create a more functio
Policy brief
01 December 2017
Two diametrically opposed visions of the euro-area architecture have been put forward. Departing from both Juncker’s and Schäuble’s proposals, the aut
Blog post
02 November 2017
8 of the EU27 have not yet joined the Euro, and progress in euro-area enlargement seems to have stalled. Commission President Juncker wants to give ne
Policy brief
30 October 2017
Two of the banking union’s pillars – common European supervision by the European Central Bank and common European resolution by the Single Resolution
Policy brief
26 October 2017
What are the remaining fragilities of the Euro architecture? This policy contribution assesses the institutional reforms put in place during and after
Policy brief
13 July 2017
While precautionary recapitalisation is a legitimate instrument for bank crisis management, the conditions set for it by BRRD (Bank Recovery and Resol
Policy brief
10 July 2017
As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers bo
Blog post
29 May 2017
Many voices are calling for the ESM to be developed into a fully-fledged European Monetary Fund. But what changes would this entail, and how could the
Policy brief
18 February 2016
At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommenda
Blog post
07 September 2015
Speech held at Bruegel Annual Dinner, Brussels 7 September 2015
Blog post
24 June 2014
On one hand, the crises has eased over these two years, and the sense of urgency for this instrument in the eyes of both policy makers, markets and ex