The financial crisis exposed Europe's inadequacy in developing an effective banking resolution framework that could bring together national authorities and set guidelines for their coordination. The European Commission, through its assessment of state aid cases, managed to avoid single market...

Innovation is key to the future of Europe. This Policy Contribution, written together by Mathias Dewatripont, Solvay Brussels School of Economics and Management; Bruno van Pottelsberghe and André Sapir, Senior Fellows at Bruegel and professors at ULB; and Reinhilde Veugelers, senior fellow at...

The EU 2020 strategy relies on innovation as the core driver of economic dynamics. The present Forum discusses the strategies established by the European Commission and the member states for the intensifi cation of innovative activities. Analyses of often neglected aspects of innovation policy,...

This paper critically assesses the implications of contract design and risk transfer on the provision of public services under public-private partnerships (PPPs). Two results stand out. First, the alleged strength of PPPs in delivering infrastructure projects on budget more often than...

This discussion paper investigates the differences existing between the Single Point of Entry and the Multiple Point of Entry resolution models and links this question to the issue of support that bank subsidiaries can expect from their parent companies both in resolution and in normal...

This paper develops a unifying framework to understand competition issues in network industries. It focuses on the telecom(munication) industry and takes two specific effects of this industry into account. First, the telecom industry is in continuous evolution and alliances affect not only the...

Public procurement amounts to around 14% of European Union GDP and, given this size, could well represent an important tool to foster the green transition. However, green public procurement continues to be underutilised in Europe, as several barriers to its application persist. A new EU...

Joining the EU requires not only that candidate countries fulfil a certain number of conditions, but also that EU countries feel ready to welcome new members.

The 2022 United States Inflation Reduction Act (IRA) is a significant and welcome climate law. It also includes trade-distortive subsidies, including local-content requirements prohibited under World Trade Organisation rules - the first time the US has done this and a blow to the international...

The system of multilateral rules and institutions that constitutes the global economic governance regime trails the rapid transformation of the world economy and the rise of pressing global issues. It faces significant challenges such as the resurgence of economic nationalism. It needs to adapt...