EUROZONE: PSPP and the risks of oversimplifying constitutional complexities
● European institutions have given a lukewarm reception to the German constitutional court (BVerfG) ruling on the public sector purchase program (PSPP). ● While ECB President Christine Lagarde claimed the bank was undeterred by the ruling, other statements suggest that some EU… Become a member to read the rest of this article Username or […]
EUROZONE: The politics behind a potentially EU budget-based recovery fund
In the run-up to the 23 April European Council, northern states seem to stick to their view already expressed in previous Eurogroup meetings. They believe that any economic recovery fund should be part of the EU budget – perhaps with the European Commission raising additional fun… Become a member to read the rest of […]
EUROZONE: Three takeaways from yesterday’s deal
Finance ministers in the Eurogroup reached a deal on a support package to battle the economic effects of the Covid-19 crisis last night. As expected, coronabonds are not part of the agreement. Instead, the deal consists of the Commission’s EUR 100bn “SURE” short-term work fund, E… Become a member to read the rest of […]
EUROPE: The politics of coronavirus – Daily update
Below is the latest edition of our daily Europe coronavirus update. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Daily graph The number of reported cases of Covid-19 varies substantially across countries. This is exp… Become a member to read the rest […]
EUROPE: The politics of coronavirus – Daily update
Below is the first edition of our daily update on the politics of the coronavirus epidemic. The analysis is focused on how selected national governments and the European Union (EU) are responding to the outbreak and its political and policy consequences. European… Become a member to read the rest of this article
EUROZONE: Political incentives for treading carefully on stimulus
Concerted stimulus of a significant magnitude is unlikely in the Eurozone for now. Instead, the focus remains on a mix of deliberately lax fiscal rule enforcement and reliance on monetary policy. Germany There is no majority in Chancellor Angela Merkel’s coalition for bold ac… Become a member to read the rest of this article