(From introduction). By many standards, economic and monetary union (EMU) is a major success. The transition to the new currency was remarkably smooth. The euro area has enjoyed remarkable price stability. After several years of disappointing economic performance between 2001 and 2005, growth...

Through Bruegel's role on the Monetary Experts Panel for the European Parliament's Committee on Economic and Monetary Affairs, Bruegel scholars contributed to the Committee's Monetary Dialogue with the European Central Bank meeting on 28 September. In this briefing paper for the Panel, Director...

[eng] International governance . This article summarises CAE report's analyse and conclusions on international governance (2002). This debate has already been studied in the last reports but in sector-based problematic which ruled out common stakes - rules and international institutions,...

For well over a decade many observers had warned that the European Union was ill-prepared in case of a financial storm because its market integration far outpaced its policy integration. This situation was well known to policy-makers but it was hoped that financial crises would wait until policy...

This article investigates why economic governance of EMU remains a matter for disagreement, revisiting in particular the Franco-German debate about the appropriate architecture. Is it due to divergent policy priorities within the same analytical framework? To different economic models? Or to...