A Green Fiscal Pact for the EU: increasing climate investments while consolidating budgets
Our article in Climate Policy is available here: DOI...
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What should public spending look like?
Here’s what’s clear: public spending is on the rise. Public expenditure ratios have quadrupled since 1870, and increased even more in the recent COVID-19 pandemic. Is that good or bad? What does responsible public spendi...
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Is the COVID-19 crisis an opportunity to boost the euro as a global currency?
• The euro became an international currency when it was created two decades ago. However, the euro’s internationalisation peaked as early as 2005 and it was never comparable to the US dollar. Its international status dec...
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Griechenlands Schuldenlast kann und muss im Euroraum erleichtert werden
This article was first published on FAZ on 23 July 2015. It is also published on Kathimerini, Il Sole 24 and an English translation on Bruegel.org. Der wohl größte Schaden der Konfrontation mit Griechenland ist ein allge...
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Greece – the three essential elements for a deal
This blog argues that a deal for Greece requires three elements: lower primary surpluses than the creditors are currently asking for; little action on debt except for agreeing to delay IMF repayment (similarly to how Eur...
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Giving Greece a chance
Opinion piece by members of the Eiffel Group and the Glienicke Group The Greek tragedy must not go on. Europe’s growing frustration with the new Greek government has triggered calls for stopping negotiations and even acc...
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France and Germany: a moment of truth
France and Germany, which together account for half of euro-area GDP, are rightly considered the key to the euro area’s exit from the current impasse of low growth, falling inflation and increasingly dangerous debt traje...
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Crecimiento y Desendeudamiento. ¿Es posible? ¿Cuáles son las alternativas?
XVIII Reunión del Círculo de Economía: “Crecimiento y Desendeudamiento. ¿Es posible? ¿Cuáles son las alternativas?” por Andreu Mas-Colell, Wolfgang Münchau, Carmen Reinhart y Guntram Wolff. Andreu Mas-Colell ...
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