3 min read
Scorching summers are becoming the new normal. Can Europe prepare itself?
This opinion was originally published in Le Monde, El Pais and Die Zeit. Summer in Europe has barely started, yet a blistering heatwave has
Tag : Bruegel
3 min read
European Union demand reduction needs to cope with Russian gas cuts
The share of the European Union’s gas supply provided by Russia dropped from over 40% in 2021 to just 20% in June 2020. The gap of over 300
European Union demand reduction needs to cope with Russian gas cuts
The share of the European Union’s gas supply provided by Russia dropped from over 40% in 2021 to just 20% in June 2022. The gap of over 300
Central banks have been too slow in responding to higher inflation
In September 2021, I warned against inflation resulting from over ten years of ultra-soft monetary policies, in particular, the massive asset
Mobilising EU investors to narrow the developing-country climate-finance gap
Collectively, the European Union and its members are the largest providers of public sector funds for climate mitigation and adaptation in developing
How rate increases could impact debt ratios in the euro area’s most-indebted countries
Spreads versus German yields for the euro-area countries with the highest debt-to-GDP ratios have increased significantly since September 2021. Even
3 min read
Is MiCA the end of the crypto wild-west?
This opinion was originally published in Money Review of Kathimerini. France’s finance minister, Bruno Le Maire, has compared crypto markets to
The role of competition in the transition to climate neutrality
An earlier version of this paper was co-written with Julia Anderson, providing excellent input on the legal basics and a deep dive into green
The implications for public debt of high inflation and monetary tightening
Rising inflation has triggered monetary tightening in several countries. The Federal Reserve and the Bank of England have already increased their key
8 min read
A new kind of Belt and Road Initiative after the pandemic
Since President Xi announced China’s grand strategy, the Belt and Road Initiative, in Kazakhstan in 2013, it has grown so much in geographic and
Discretion lets Croatia in but leaves Bulgaria out of the euro area in 2023
On 17 June 2022, the euro area’s finance ministers endorsed Croatia’s euro membership, based on assessments by the European Commission and the
A new European tool to deal with unjustified rising spreads
The European Central Bank announced on 9 June 2022 that it plans to increase interest rates in July and September to tame inflation. The expectation
4 min read
Ukraine and what it means for European Union enlargement
This opinion was originally published in Money Review of Kathimerini, Rzeczpospolita, Het Financieele Dagblad, El País and Helsingin
4 min read
Ukraine and what it means for European Union enlargement
This opinion was originally published in Money Review of Kathimerini, Rzeczpospolita, Het Financieele Dagblad, El País, Helsingin Sanomat, Cyprus
3 min read
Ukraine and what it means for European Union enlargement
This opinion was originally published in Money Review and Rzeczpospolita. It is forthcoming on Het Financieele Dagblad. At the start of April