External Publication

The Euro in 2022

An annual review of the euro published jointly by Fundación ICO and Fundación de Estudios Financieros to expand knowledge, raise awareness of the single currency, and suggest ideas and proposals for strengthening its acceptance and sustainability.

By: , and Date: February 17, 2022 Topic: Macroeconomic policy

Fundación ICO and Fundación de Estudios Financieros jointly decided in 2012 to publish an annual review of the Euro, the Yearbook, with the aim of expanding knowledge and raising awareness of the single currency, and suggesting ideas and proposals for strengthening its acceptance and sustainability.

This partnership translates into the regular production of an annual publication to inform readers of the changes that have taken place in the monetary, banking, fiscal, economic, and political union, highlighting progress, limitations and possible shortcomings.

The report, the ninth in the collection, is titled Good Policies, a Gap Year on Reforms. A Yearbook on the Euro 2022. It contains ten chapters, split into three different parts after an introduction on the political landscape; (i) Issues in Monetary Policy; (ii) Issues in Fiscal Policy and (iii) Issues in Regulation. This includes a chapter on rethinking EU fiscal rules by Grégory Claeys and Maria Demertzis.

This report was presented on 17 February 2022 at a joint Bruegel, Fundación de Estudios Financieros (FEF) and Fundación ICO event titled ‘A debate on fiscal rules and the new monetary strategy‘.

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Policy Contribution

How can the European Union adapt to climate change?

A stronger adaptation governance framework would benefit adaptation efforts.

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: June 28, 2022
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Blog Post

European governance

Discretion lets Croatia in but leaves Bulgaria out of the euro area in 2023

Crucial decisions about whether a country can join the euro area depend on questionable discretionary decisions.

By: Zsolt Darvas Topic: European governance, Macroeconomic policy Date: June 22, 2022
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Past Event

Past Event

EU enlargement in a new light

What would increase government support around EU enlargement, and what role could membership play in future peace talks?

Speakers: Tinatin Akhvlediani, Elise Bernard, Jiffer Bourguignon, Marek Dabrowski, Maria Demertzis, André Sapir and Ilona Sologoub Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 21, 2022
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Opinion

European governance

Ukraine and what it means for European Union enlargement

The real issue for EU leaders when they discuss Ukraine’s application at a 23-24 June summit and beyond, is what kind of club the EU should be.

By: Maria Demertzis Topic: European governance, Global economy and trade Date: June 16, 2022
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Past Event

Past Event

War in Ukraine: Ukraine's place in the EU

In the latest installment of the Sound of Economics Live we debate whether Ukraine's accession to the EU should be facilitated.

Speakers: Alexander Duleba, Ľubica Karvašová, André Sapir and Guntram B. Wolff Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 14, 2022
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Past Event

Past Event

Through crises towards stability: Reflections on 10 years of the ESM with Klaus Regling

How is the European Stability Mechanism responding to crises, and what will the future of the ESM look like?

Speakers: Klaus Regling and Guntram B. Wolff Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 9, 2022
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External Publication

European governanceEuropean Parliament

Fragmentation risk in the euro area: no easy way out for the European Central Bank

The ECB should design a specific tool that will accompany interest rate hikes to neutralise the risk of fragmentation directly for countries facing it, staying within the bounds of the EU treaties and ensuring political legitimacy. We also advocate structural changes to the ECB’s collateral framework to avoid unnecessary uncertainty surrounding the safe asset status of European sovereign bonds.

By: Maria Demertzis, Grégory Claeys and Lionel Guetta-Jeanrenaud Topic: European governance, European Parliament, Testimonies Date: June 8, 2022
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Opinion

European governance

Three headaches for the European Central Bank

Even though inflation in the euro area is lower than in the US, three issues make it a lot more difficult for the ECB to control inflation and preserve financial stability. Once again, the limits of EMU architecture are visible and will require a rethink.

By: Maria Demertzis Topic: European governance, Macroeconomic policy Date: May 31, 2022
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Podcast

Podcast

Taming inflation?

What are the implications of prolonged inflation?

By: The Sound of Economics Topic: Macroeconomic policy Date: May 25, 2022
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Blog Post

REPowerEU: will EU countries really make it work?

By acting together, the European Union can optimise its response to the energy crisis in all scenarios but each country will have to make concessions.

By: Simone Tagliapietra Topic: Green economy Date: May 18, 2022
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Blog Post

European governance

Does the war in Ukraine call for a new Next Generation EU?

The European Union should take significant economic measures in response to the war in Ukraine, but a new Next Generation EU is not needed yet.

By: André Sapir Topic: European governance Date: May 17, 2022
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Past Event

Past Event

What is in store for Euro area economies?

ECB Executive Board Member Philip Lane discusses the outlook for Euro area economies.

Speakers: Maria Demertzis and Philip Lane Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 5, 2022
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