Europe needs to be able to defend itself against Russia, with or without the United States. Alexandr Burilkov and Guntram Wolff argue that Europe could need 300,000 more troops and an annual defence spending hike of at least €250 billion in the short term to deter Russian aggression
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The EU is nudging corporate behaviour to adopt rules on sustainability. Silvia Merler discusses five adjustments would make the EU sustainable finance framework more effective at delivering the desired alignment of incentives
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Donald Trump has launched an all-out attack on the rules-based international order. Olivier Blanchard and Jean Pisani-Ferry argue that the EU should take the lead in convening alliances of countries to counteract threats to the global order
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EPGs are public goods which can be more effectively provided at the EU level than the national level. Kalin Anev Janse, Roel Beetsma, Marco Buti, Klaus Regling and Niels Thygesen argue that the EU’s new MFF should focus on the benefits of common spending on such public goods
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So far, the anti-ESG backlash has had limited effect in Europe. Silvia Merler argues that the EU should continue to push companies on net zero alignment, but pragmatic changes can help ease burdens and maintain EU leadership
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Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans
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The European Commission’s response to the Draghi Report is the Competitiveness Compass. Jeromin Zettelmeyer believes this would set up a conflict between industrial policy and the single market
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Heather Grabbe and Jeromin Zettelmeyer evaluate the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
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In many countries, demand for long-term care services outpaces supply, leading to a ‘care gap’. Svend Hougaard Jensen, David Pinkus and Nina Ruer argue that Europe must get ready for the coming long-term care surge
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Europe faces a large climate investment gap. Irene Monasterolo, Antonia Pacelli, Marco Pagano and Carmine Russo propose filling this gap through the joint issuance of European climate bonds that would be funded by selling GHG emission allowances via the ETS extended to all sectors
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