The euro-area sovereign debt crisis is receding. Europe is on a recovery path, growth is broad-based and unemployment is falling. One after the other, countries hit hardest by the crisis are exiting their adjustment programmes. However, debt remains high in most countries and future debt crises...

Different jurisdictions have set out different reasons for creating central bank digital currencies (CBDCs). Some countries, particularly those with already-operational CBDCs for retail purposes, aim to to promote financial inclusion. But in countries where most citizens have access to financial...

In the last five years, the European Union managed to find its way through a series of major shocks, including the pandemic and the 2022 surge in energy prices. The response was in many ways remarkable, including unprecedented EU borrowing to fund the NextGenerationEU economic recovery programme...

Wie in vielen anderen Weltregionen soll der halbjährliche Wechsel zwischen Winter- und Sommerzeit in der EU abgeschafft werden. Dieser Beitrag untersucht, ob es eine optimale Zeitzone für ein Land gibt und ob ein „Zeitzonenflickenteppich“ tatsächlich mit hohen ökonomischen Kosten...

The EU is a relatively open economy and has benefited from the global multilateral system. We argue that the EU should defend its strategic interests with three steps. First, it should collaborate with partners around the world in defence of multilateralism. Second, it should establish deeper...

Nachdem Joe Biden die Präsidentschaftswahlen in den USA für sich entscheiden konnte, stellt sich die Frage, wie sich die transatlantischen Beziehungen zwischen den USA und der Europäischen Union zukünftig entwickeln werden. Das Verhältnis zwischen der USAdministration unter Donald Trump und...