The G20 summit in London offers an opportunity for world leaders to prevent a continued slide towards protectionism. Yet the summit is already at risk of ending in failure as expectations run too high. The agenda is already far too wide and cover areas characterized by sharp differences of...

The European Union has set out a new strategy for growth and competitiveness. A successor to the Lisbon agenda, the 2020 strategy aims to usher Europe into an era of smart, sustainable and inclusive growth. It is of tremendous importance that Europe speeds up growth. Fiscal stabilization can...

This policy brief takes stock of the agreement by Eurozone countries in late June at the European summit. If this agreement survives (which is by no means certain) and is utilised, Eurozone governments will have opened the door to a flexible use of its bailout funds. In contrast to previous...

The Eurozone crisis has been reinforced and prolonged by leaders' inability to agree on robust and credible crisis responses. Individual governments are experiencing sovereign deficit and debt crises, but not the Eurozone at large. Its fiscal position is manageable. The Eurozone is rather going...