This report surveys the economic performance of the euro area and gives recommendations about six policy challenges of major importance for the future of EMU.

This Bruegel Blueprint argues that Europe should take the lead in defining a solution to the problem of excessive public debts and create a European Crisis Resolution Mechanism (ECRM).The authors, Francois Gianviti, Anne O. Krueger, Jean Pisani-Ferry, André Sapir and Jürgen von Hagen, present...

Read update 'The Troika and financial assistance in the euro area: successes and failures' (coming 19/02) Three years ago, in May 2010, Greece became the first euro-area country to receive financial assistance from the European Union and the International Monetary Fund in exchange for...

Why is Japan a good case study to help Europe overcome the economic and �nancial crisis that started more than �ve years ago? What can Japan learn from Europe's experience? Japan and the EU are both open economies with signi�cant trade and �nancial links; both face in many...

edited by Reinhilde Veugelers Publication Launch 'Manufacturing Europe's Future' 'Industrial policy is back!â?? This is the message given in the European Commissionâ??s October 2012 communication on industrial policy (COM(2012) 582 final), which seeks to reverse the declining role of the...

The euro-area crisis has exposed deep deficiencies in the governance of European Economic and Monetary Union. However, crisis prevention in, and surveillance of, the euro area are not only the responsibility of European authorities. As members of the International Monetary Fund, all...