This Policy Brief looks at a concrete proposal on how to use markets to secure against risks in European gas supplies. Its aim is to come up with a crisis response mechanism to gas disruptions, which is still missing in the current Directive 2004/67/EC concerning measures to safeguard security...

For some time now, CEPS has participated in a project funded by the European Commission called 'Adaptation and Mitigation Strategies: Supporting European Climate Policy' (ADAM). One research stream within the ADAM project focuses on the implications of mitigation and adaptation strategies for...

The analysis in this Commentary provides strong evidence showing that the burden of the adjustments to the imbalances in the eurozone between the surplus and the deficit countries is borne almost exclusively by the deficit countries in the periphery. And although the European Commission has now...

Much of the discussion about how to impose more convergence among member states of the eurozone has focused on what national governments should do to avoid divergent developments in a number of macroeconomic variables, e.g. competitiveness or current account imbalances. Without denying that...