Publications

This paper tests the hypothesis that government bond markets in the eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than those in ‘stand-alone’ countries, i.e. count...chevron_right

This report considers three case studies, with the aim of establishing a framework to assess the systemic influence of technologies on the long-term care. It uses a problem-driven approach in relation...chevron_right

Many politicians and experts, especially those from Central and Eastern Europe, suggest that their Arab colleagues should learn from the post‐communist transition of the early 1990s. However, while le...chevron_right

This commentary argues that the euro crisis is a self-inflicted crisis, made possible by systematic mismanagement by the European leaders. According to the author, the strategies by the European Centr...chevron_right

This policy brief discusses the consequences of a Greek exit from the eurozone. The authors argue that the cost cannot be estimated with a single number. The consequences of Greece's exit would depend...chevron_right

As unemployment climbs to new heights, Europe’s policy-makers are desperately casting about for the few instruments to foster growth. However, this paper finds that the North and the South of the euro...chevron_right

This Commentary analyses the impact of the Chicago NATO Summit 2012 and the Smart Defense agenda on the European Union’s defense policy. Will the EU follow NATO and go ‘smart’? The authors point out t...chevron_right

This is a short analysis of how the household sector might cope with the debt reduction being sought in Europe’s hostile post-crisis economic environment. As a decade-long trend of generous credit exp...chevron_right

In this paper, the author discusses the European Commission’s proposal for implementing Basel III into EU law, the so-called capital requirements Regulation and Directive (CRD IV). The Commission is ...chevron_right

This paper discusses that the new era heralded by the Rose Revolution in Georgia has seen important reforms and substantial progress. However, with elections around the corner, the Georgian government...chevron_right

In this article, the author discusses Europe’s search for growth. He argues that the shift of the eurozone’s attention from stabilizing financial markets to growth actually refers to a recurring patte...chevron_right

In 2011, the EU proposed a legislative package on market abuse which comprises a draft Regulation that will largely replace the existing Market Abuse Directive (MAD) and a new Directive dealing with c...chevron_right

This paper sketches the building blocks of a European Deposit Insurance Fund. The authors calculate that such a Fund would amount to € 55 billion for the 35 largest European banks. This Fund could be ...chevron_right

This paper provides a detail investigation into why and how the rationalization and optimization of EU defense spending through pooling and sharing is needed, and what are the main obstacles Europe w...chevron_right

This paper looks at how the EU's approach to promoting security and development in Central Asia compares with those of China and Russia. It concludes that the three approaches are sometimes at odds wi...chevron_right