The Sound of Economics

As the Brexit negotiations are entering their final straight line, the question of trade agreements is heating up. Economists talk about the “cost of non Europe”. How much each country has gained from belonging to the EU’s single market? How much would it have missed out on if it didn’t belong to the single market? In this week’s episode, we will look at the economic impact of the EU's last enlargement and ask who benefited the most: the old 15 or the new 13 members?

In their toolkit against a pandemic that knows no borders, several EU countries have bet on new technology from our era of globalisation: digital contact tracing COVID-19 apps. But the way they've been rolled out illustrate troublesome limits to the EU digital single market.

In this episode we discuss financial fragility in European households in the time of COVID-19.    Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption.   Giuseppe is joined by Maria Demertzis, deputy director at Bruegel, and Anna Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence Center who have authored a paper published by Bruegel on the topic What did they find out, about how households finances have been impacted by the pandemic so far? Episode's guests: Maria Demertzis, Deputy Director, Bruegel  Anna Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence Center Hosted by: Giuseppe Porcaro, head of outreach and governance at Bruegel   

In a special live edition podcast of an event we organised recently with EU3D, we discuss how the current situation brought upon by the pandemic could shift the ‘Conference on the Future of Europe’ debate, whether EU treaty changes are back on on the agenda and what this would imply for the relation of the EU with its closely affiliated non-members. Guntram Wolff is joined by Gabriele Bischoff, Member of the European Parliament, John Erik Fossum, Professor at the ARENA Centre for European Studies, University of Oslo and EU3D coordinator Kalypso Nicolaïdis.

The response to COVID crisis necessitates a lot of cash. So will the upcoming green transition.  But with Brexit, Europe lost its easy and practical access to the world’s largest financial market. So is today the right time to create a European capital markets union, with only one rule to ring them all; one rule to bind all 27 capital markets in the EU?

Since the end of May and throughout the month of June, many European Countries have lifted or loosened the lockdown measures set in place to fight the spread of the virus.  One of the last measures still in place is the closure of international borders, which to some extent brought back to the memory a closed Europe, and border checkpoints, which many of our listeners that born after 1989 probably bene experienced, at least on the scale we have had.  As this is somewhat an atypical and historical moment, we are going to embark in a peculiar journey, starting on Friday 12 June. Bruegel is supporting a project driving across 7 Countries and more that 2.500 kilometres to collect facts about how the border closure affected the economy and society, take a “temperature reading” of the perceptions of people, and make an analysis out of it.  It is an exciting endeavour that sees Bruegel on the road, after these months of lockdown and countless zoom livestreams. It will provide a snapshot of the impact on the ground also of the European policies which we are more of a commonplace in our studies and in this podcast.  You will be able to follow us on the road on the Bruegel channels, as well as the project website www.reopeningeurope.com  This episode provides a background overview of the impact of the reopening on European value chains, future of work, and innovation.  Guests Scott Marcus, senior fellow, Bruegel Niclas Poiters, research fellow, Bruegel Reinhilde Veugelers, senior scholar, Bruegel Host Giuseppe Porcaro, head of outreach and governance, Bruegel

The euro is, by definition an international currency. However, since being established in the late 90s the single currency has always been somewhat less than the sum of it's parts and has yet to challenge the US dollar for global dominance. Its international status declined with the euro crisis of 2008.  Could the reform of the institutional setup of the monetary union that many are arguing for in the wake of the covid-19 crisis boost the euro's status as a global currency? Episode guests: Guntram Wolff, Bruegel Director   Alicia Garcia Herrero, senior fellow at Bruegel  Grégory Claeys, senior fellow at Bruegel Hosted by: Giuseppe Porcaro, head of outreach and governance at Bruegel

The pandemic is hurting emerging economies in at least three ways: by locking down their populations, damaging their export earnings and deterring foreign capital. Even if the pandemic will fade in the second half of the year, gdp in developing countries, measured at purchasing-power parity, will be 6.6% smaller in 2020 than the IMF had forecast in October. In this episode we dig into the topic and sketch the possible tools that emerging economies can use to face the liquidity crisis. The conversation presents the analysis of the authors of a Bruegel Policy Contribution the topic. Episode's guests: Alicia Garcia Herrero, senior fellow at Bruegel Elina Ribakova, deputy chief economist of the Institute for International Finance Hosted by: Giuseppe Porcaro, head of outreach and governance at Bruegel

China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign competition. What can foreign banks expect to find? Should they grab this opportunity? Giuseppe Pocarro is joined by independent economist Gary Liu and Bruegel Senior Fellow, Alicia García-Herrero.

Faced with the COVID-19 outbreak, governments have needed to act swiftly to combat the virus. Many countries currently have lockdown or measures alike in place. Yet, different countries approach the crisis in a noticeably different way. Dr. Vivian Balakrishnan, Minister for Foreign Affairs of the Republic of Singapore, join this live podcast recording and explain Singapore’s approach and the various measures taken in dealing with the COVID-19 pandemic.