An uphill struggle
Emmanuel Mourlon-Druol analyses what arguments European policymakers have used in discussions about centralising public expenditures at EU level
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Europe
Towards a digital CMU
Piero Cipollone argues that recent advancements in digital technology offer an opportunity to create an integrated European capital market for digital assets
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Europe needs to wake up
Emmanuel Macron considers the challenges of European competitiveness and the place of the European Union in a multipolar world
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Bridging the gap
Innovation, investment and integration. Luis de Guindos discusses the revival of productivity growth in the euro area – a critical challenge that demands urgent attention and collective action
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The end of ‘enjoy now, pay later’
Concerns over government debt have been on the rise. Martin Larch provides a brief history of government debt in the EU and draws attention to some important issues that are normally kept in the background
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Sharing economic sovereignty is hard but possible
Marco Buti and Marcello Messori discuss Draghi’s European competitiveness report, and argue that European public goods should be the linchpin of a new political and institutional contract
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Draghi’s real message on European competition enforcement
The Draghi report on The Future of European Competitiveness is a milestone. Cristina Caffarra argues that not delivering on innovation and growth is the key takeaway, and is not a prescription to relax competition enforcement
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The three pillars of effective EU competition policy
Fiona Scott Morton considers competition policy in the European Union, and clarifies the relationship between competition and industrial policy, showing that there is in fact no tension
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Financing European air defence through EU debt
Europe is vulnerable to air attacks by both state and non-state actors. Armin Steinbach and Guntram Wolff propose the creation of an EU funding mechanism to internalise the positive externalities provided by national air-defence systems
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Investing in defence as a European public good
Geopolitical threats have put defence high on the EU political agenda. Roel Beetsma, Marco Buti and Francesco Nicoli discuss the delivery and financing a European defence capability
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