The introduction of European Coronabonds is sometimes described as an unprecedented step that would create a dangerous precedent of debt mutualisation. This column shows that this view is wrong and ignores the history of European financial cooperation. Since the 1970s, the European Commission has placed more than a dozen community bonds on private markets, which were guaranteed by the member states and distributed to countries in crisis. These bonds have been fully repaid in the past. Coronabonds with joint and several liability go a step further, but they would stand in a long tradition of European financial solidarity and cooperation.

Exploring the buzzy but fuzzy new phenomenon in asset allocation

Proposed downsizing of €100bn flagship defence project follows feuding by Airbus and Dassault

YouTube video by Anders Puck Nielsen

YouTube video by Center for Strategic & International Studies

As Berlin again becomes Europe’s leading military power, Paris and Warsaw face a massive political shift.

A recent paper which has gathered significant attention estimates a 45% tariff equivalent of intra-EU border costs. This column argues that this estimate is likely too high and depends on the particular dataset used and specific estimation choices. Therefore, it also vastly overstates the barriers that are akin to tariffs and could be lowered as a result of European Commission policy decisions. Instead, it argues that there are more urgent reforms with larger potential benefits, such as boosting EU innovation capacity and R&D spending.

YouTube video by The Economist

Nordic country’s tax authority on the hook for costs in case that included Sanjay Shah

Finance minister signals end of Berlin’s reluctance to completing Europe’s capital markets union

Esma to also settle disputes between large asset managers, according to proposals

YouTube video by Mardis Grand Continent

Det er især massive satsninger på vedvarende energi, der har knækket kurven i Kina, viser ny analyse.

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...

Four of six jobs on central bank’s executive board become vacant before end of 2027, including the presidency

YouTube video by École normale supérieure - PSL

YouTube video by IMF

YouTube video by Bruegel

YouTube video by Harvard University

YouTube video by IMF

[FREE TO READ] Choices for Ukraine funding set out in commission document drafted after failure to agree plan last month

YouTube video by Peterson Institute for International Economics

The economist on populism, fiscal debt and the long-term trend of economic equality