News

April 22, 2020
Italy needs action on debt sustainability - Ignazio Angeloni - OMFIF

The European Union leaders’ summit on 23 April will be difficult – and potentially momentous. Optimism has grown over a breakthrough on a €1tn post-pandemic recovery fund, guaranteed by the European budget, to meet member states’ disparate requirements....
April 17, 2020
No party will win the war on the ESM's conditionality - Francesco Saraceno - Il Sole 24 Ore

The use of the ESM has become a soap opera in which legal norms and economic considerations are sacrificed on the altar of the ideological battle between hostile factions ready to do anything to bring home a result. Even if this concerns just a few...
April 17, 2020
WE NEED MORE EU LEADERSHIP AND RESOURCES TO OVERCOME THE EFFECTS OF COVID-19 CRISIS - Open letter to EU leaders - European Movement

Click here to read the letter.
April 17, 2020
The Pandemic Revolution - Algebris Investment

History moves not in a line, but in tipping points. Investors often focus on the short-term business cycle, assuming the current economic and political infrastructure will remain in place. There are decades where nothing happens; and there are weeks...
April 14, 2020
“The ESM is worth using”- Interview with Romano Prodi – La Repubblica

In an interview organized by Bologna Business School, former Italian Prime Minister Romano Prodi believes that Italy should use the rescue funds provided by the ESM to member states during this critical period, especially since there are hardly any...
April 7, 2020
EU solidarity in exceptional times: Corona transfers instead of Coronabonds - Daniel Gros - VOX CEPR Policy Portal

The countries hit hardest by the COVID-19 crisis already have too much debt. Lending from the European Stability Mechanism or via Coronabonds would add to that debt, potentially making it unsustainable. This column suggests that European solidarity should...
April 7, 2020
The Coronavirus's short and long-term economic impact - Marcello Messori - Luiss Open

"Once the peak of the coronavirus pandemic has been overcome, international economic policies will have to face and progressively overcome the 'breaks' in international value chains and will have to reactivate processes that were previously profitable but...
April 7, 2020
Preventing a Euro Crisis on Top of the Coronavirus Ordeal - Lorenzo Codogno and Eric Chaney - Institut Montaigne

In most countries governments had to impose lockdowns to allow healthcare infrastructures to cope with the Covid-19 disease and save lives, albeit with dire economic consequences. It is too early to accurately evaluate the full economic impact...
April 6, 2020
COVID-19: OMT is second-best, but still welcome - Lorenzo Codogno and Paul van den Noord - VOX CEPR Policy Portal

The emergency measures in place to absorb the COVID-19 shock need to be supplemented by OMT unless leaders agree to create a euro area safe asset and fiscal capacity. This column employs an empirically calibrated model to show that OMT is second-best to...

News

Italy needs action on debt sustainability - Ignazio Angeloni - OMFIF

No party will win the war on the ESM's conditionality - Francesco Saraceno - Il Sole 24 Ore

WE NEED MORE EU LEADERSHIP AND RESOURCES TO OVERCOME THE EFFECTS OF COVID-19 CRISIS - Open letter to EU leaders - European Movement

The Pandemic Revolution - Algebris Investment

“The ESM is worth using”- Interview with Romano Prodi – La Repubblica

EU solidarity in exceptional times: Corona transfers instead of Coronabonds - Daniel Gros - VOX CEPR Policy Portal

The Coronavirus's short and long-term economic impact - Marcello Messori - Luiss Open

Preventing a Euro Crisis on Top of the Coronavirus Ordeal - Lorenzo Codogno and Eric Chaney - Institut Montaigne

COVID-19: OMT is second-best, but still welcome - Lorenzo Codogno and Paul van den Noord - VOX CEPR Policy Portal