A service of the

Forum · Issue 1 · 2025
EU Competitiveness: Navigating Challenges and Seizing Opportunities

Forum · Issue 6 · 2024
The Priorities of the Next EU Commission

Forum · Issue 5 · 2024
The Future of European Industrial Policy

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Forum · Issue 4 · 2024
Ensuring European Security and Stability

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From Unemployment Struggles to Labour Market Shortages?

Editorial
Transatlantic Economic Relations in a Trumpian World

Contrary to most of the hand-wringing that has met Trump's second term, especially with regard to his penchant for tariffs, Daniel Gros argues that the Trump II Administration could, if handled well, present more opportunities than threats for Europe.

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Forum
An Innovation-Based Industrial Policy for the EU

The innovation system can develop and deploy unique new sustainable solutions to serve security of supply while generating comparative advantages on world markets. But the innovation system cannot do this on its own. For vertical policies to be efficient, they need to be flanked by horizontal policies ensuring large, open, competitive markets, writes Reinhilde Veugelers.

Forum
Industrial Policy in the Semiconductor Industry

Despite concerns and the traditional reservations among economists against industrial policy in general, there are compelling reasons for pursuing an industrial policy approach that includes subsides, write Fabrice Naumann and Monika Schnitzer, particularly in the European semiconductor industry.

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Forum
Enlargement, Neighbourhood and Institutional Changes

Without institutional reform aimed at reducing unanimity requirements, the EU enlargement process will move slowly and could easily be trapped by domestic policy considerations, writes Marek Dabrowski. To make processes more efficient, there must be limitations on member states’ veto power.

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Forum
Trade at the Heart of the EU’s Economic Security

What is at stake now that new global tariffs are almost certain to materialise? Maria Demertzis looks at this question by considering the merits of countervailing duties on Chinese electric vehicles in the EU as well as simulations of a global trade war.

Letter from America
What a First Week

Barry Eichengreen looks back at Donald Trump's action-packed first week in the White House and breaks down the actions he has taken on tariffs, immigration, energy, cryptocurrency and foreign policy.

Quote of the Month

"Rather than waiting for markets to fail, we need to proactively pursue legislative goals, guided by multi-criteria analysis and trade-off assessments. While cost-benefit analysis is still useful for certain regulatory acts, it is not suitable for goal-based policymaking, where criteria and goals should align."

Andrea Renda

The Triple Transition and the Dawn of Quantum Policymaking

Current Issue

Volume 60
2025
Issue 1

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Figure of the Month

Total assets of credit institutions, 1997-2023

The EU hosts the world’s largest banking system by assets. Total bank assets in the EU27 reached approximately €41.9 trillion in 2023, or 247% of the region’s GDP. This contrasts sharply with the US, where total bank assets were valued at €21.2 trillion, or 85% of GDP. However, despite this scale, EU banks exhibit weaker structural performance compared to their global peers, as evidenced by consistently lower stock market valuations.