A service of the

Forum · Issue 3 · 2025
Embracing Deregulation in the European Union

Forum · Issue 2 · 2025
Geopolitics, Big Tech and the Future of European Security

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

Editorial
Making the Most of the EU’s Defence Spending Boom

For decades, the EU’s defence posture rested on two assumptions: that threats were distant, and that the US was a steadfast ally. But those days are over and the EU must coordinate with a common defence funding vehicle, writes Judith Arnal.

Big Tech
AI Made in the U.S.A. – Can Europe Learn From the Past?

To win digital sovereignty, European companies need to outperform their U.S. counterparts. Good regulations can actually help new AI market leaders emerge. Europe needs to lower barriers, attract talent and compete with the U.S. and China, writes Lutz Finger.

Letter from America
Does Trump Know What He Wants from Europe?

Not knowing what he wants from Europe is only one of the obstacles between President Trump and a successful tariff negotiation. Europe could, however, emerge in a stronger position, writes Jason Furman, while the US may struggle to recover from this self-inflicted wound.

Sanctions
China-Russia Cooperation: Economic Linkages

Elina Ribakova examines the symbiotic but asymmetrical relationship between Russia and China: Russia is an ideological ally ­for China to challenge the current international order. However, China still has not committed to a deeper partnership with Russia.

regional development
Discontent Is Europe’s Main Threat

For decades, the European Union has been cast – at least among its champions – as an undisputed force for good. But today, many European citizens are sceptical – and this discontent is the greatest threat to the European project, writes Andrés Rodríguez-Pose.

Forum
The EU’s Tech Policy Amid US-China Decoupling

Given the growing frictions across the Atlantic over trade and technology on the one hand and the US's decoupling approach ­vis-à-vis China on the other, Europe has little incentive to follow Trump’s China policy, writes Margot Schüller.

Quote of the Month

"Regulatory laws should not just be counted: quantification brings little information about their impact on the economy. Regulation should rather be weighed and assessed in the context in which it is implemented."

Mario Mariniello

Efficiency and Distributive Goals in the EU Tech Regulatory Strategy

Current Issue

Volume 60
2025
Issue 3

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Figure of the Month

Real house price change vs over/undervaluation in EU countries

Following monetary tightening and a significant increase in mortgage interest rates, house prices began to moderate in mid-2022, and this trend continued into 2023. In the EU, house prices decreased by 0.3% in 2023. The adjustment was strongest in Luxembourg and Sweden, where prices were estimated to be most overvalued and household debt was and is highest. By the end of 2023, house prices were still estimated to be overvalued in three-quarters of the EU.