The Next Generation EU (NGEU) programme is radically changing the way the European Union interacts with financial markets because of its ambitious and ground breaking new public debt programme. The European Commission has adopted a new, diversified borrowing strategy, similar to that of other...

Juan Delgado discusses the economic impact of climate change policies. The EU has committed to an ambitious climate change agenda. The challenge facing Europe now is how to meet the targets at a minimum cost and how to allocate the cost in such a way that it has a neutral impact on...

In this paper, presented to the Economic and Monetary Affairs Committee of the European Parliament, Nicolas Véron discusses whether the EU should adopt the controversial IFRS 8 standard, a convergence project on how companies should report the performance of their individual business segments....

Jean Pisani-Ferry's note was prepared for the European Parliament-National Parliaments Debate on How to Raise Growth in the Euro Area? in Brussels.

Jean Pisani-Ferry prepared this note for a hearing before the Committee on Economic and Monetary Affairs of the European Parliament.

André Sapir produced this short paper at the request of Commissioner Mandelson for the Expert Seminar on Trade Defence Instruments at the European Commission.

Visiting scholar Xavier Debrun, and Bruegel director Jean Pisani-Ferry contribute to the emerging discussion on reform strategies in the euro area. An earlier version of this note was presented to the Eurogroup Working Group of the Economic Policy Committee of the EU.

European Union policymakers have in principle put innovation at the heart of competitiveness, in particular in the Europe 2020 strategy. But in merger control, assessments of the innovation effects of mergers are inadequate, even though mergers and acquisitions can have a significant impact on...

This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...

Sectoral shifts, such as shrinkage of low labour productivity and the low-wage construction sector, can lead to apparent increased aggregate average labour productivity and average wages, especially when capital intensity differs across sectors. For 11 main sectors and 13 manufacturing...