Deutschland der Musterschüler
ARD Tagesthemen nicely covers my upcoming piece (minutes 10:40 to 13:20), in which I show how low the German compliance with structural reform recommendations of the European semester is....
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What risk does Italy’s new government pose to the euro area?
I discuss here with Francesco Papadia, Bruegel senior fellow, the situation in Italy. The coalition agreement between Italy’s Five Star Movement and the League puts the country’s new government on a potential collision c...
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EU funds for migration, asylum and integration policies
The European Union significantly increased its funding for migration, asylum and integration policies in the wake of the increased inflow of asylum seekers in 2015. This study provides an overview, an analysis and an eva...
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Germany’s Government Still Has an Allergy to Investing
The new coalition budget looks a lot like the old German coalition budget. My Bloomberg View column is here....
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Germany’s current account surplus and corporate investment
Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in i...
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EU policy priorities towards Capital Markets Union
The deepening and enlargement of Europe’s capital markets has long been a policy target for the EU – indeed, it is a flagship priority of the current Commission. Many legislative proposals have been forwarded, and there ...
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Europe needs a broader discussion of its future
The important Franco-German paper leaves aside some of the most crucial issues for the future of Europe’s monetary union: European public goods, a proper fiscal stance and major national reforms. Its compromise on sovere...
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