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...

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...

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...