The recent forced landing of an internal EU flight to arrest opposition activist Roman Protasevich is the latest escalation by a President who is consolidating power in the wake of unrest following the disputed results of the 2020 presidential election. The EU and...
Brueguel
Banks in a net-zero Europe
Europe’s climate law, agreed in April, will have knock-on effects through a wide range of sector-specific legislation, with the intention of delivering on European Union states’ collective commitment to emission reduction targets and a net-zero economy in 2050....
What Swiss voters expect to happen next, after EU talks fail
This article was originally published in German by DeFacto. Switzerland’s bilateral relationship with the European Union has been the subject of intense debate for years. In 2014, the two sides began negotiations on the terms of an institutional framework agreement...
For the climate, Asia-Pacific must phase out fossil-fuel subsidies
The extent to which the Asia-Pacific decarbonises will make or break the global fight against climate change. As home to 60% of the world’s population, and as the main engine of global economic growth, the Asia-Pacific has been since the early 2000s the main carbon...
Emergency Liquidity Assistance: A new lease of life or kiss of death?
The Eurosystem, headed by the European Central Bank (ECB), provides liquidity to banks, and through them to the entire economy, through five channels. One, the Marginal Lending Facility, has always been small and has practically disappeared since 2008, when the ECB...
Digital European Economic Sovereignty? The Case of Semiconductors
The original paper is available on the European Parliament’s webpage. Copyright remains with the European Parliament at all times. The notion of European ‘strategic sovereignty’ is increasingly important in debates about the European Union. Given rapidly shifting...
International tax debate moves from digital focus to global minimum
The Organisation for Economic Cooperation and Development is continuing its fight against profit-shifting by focusing on the digital economy. In making a specific link to the digital transition, the OECD hoped to build a global consensus that companies earning profits...
The UK’s security and trade relationship with China
On May 26th, 2021 Bruegel’s Senior fellow Alicia García-Herrero presented testimony before the International Relations and Defence Committee at the House of Lords, British Parliament on the UK’s security and trade relationship with China. To view the video testimony,...
Europe must fix its fiscal rules
This opinion piece was originally published in the Financial Times, the Money Review section of Kathemerini is forthcoming in El Economista. Last spring, as the economic impact of the coronavirus pandemic began to bite, the European Commission suspended the stability...
Towards a global corporate tax?
The idea of a global corporate tax has been floating around for decades, but a US proposal for a 15% of a global minimum tax rate means the proposal is now a serious possibility. This would affect both direct and indirect taxation, broader tax policy issues, and tax...
How difficult is China’s business environment for European and American companies?
The authors are grateful to Bruegel colleagues for helpful comments. Despite tensions over China’s discriminatory business practices, China’s trade continues to thrive, and the country has taken over from the United States as the first destination for foreign...
The great COVID-19 divergence: managing a sustainable and equitable recovery in the European Union
This Policy Contribution was prepared for and presented at the informal Economic and Financial Affairs Council (ECOFIN) meeting in Lisbon on 21-22 May 2001. You can read the version presented at ECOFIN here. The authors are grateful to Monika Grzegorczyk, Lionel...