The next step of the Belt and Road Initiative: Multilateralisation with Chinese characteristics
The increasingly broad objective of China's Belt and Road Initiative has attracted the attention not only from the BRI members, but also from other major players such as the United States and the…
More from Bruegel
EU debt as insurance against catastrophic events in the euro area: the key questions and some answers
Policy makers in the European Union’s member countries must walk a fine line between inaction and misdirection in their search for a way to combat the economic malaise wrought by the coronavirus. EU-issued debt could serve as an effective, temporary backstop to bring some degree of relief to the region’s economies. As this astute analysis from economist Guntram B. Wolff reveals, this insurance instrument should derive from EU institutions rather than from national governments. Such an approach would be more politically viable, no small feat in the rough-and-tumble obstacle course that is the European Union.
For the euro there is no shortcut to becoming a dominant currency
As an international currency, the euro has always been a distant second to the dollar. The idea of a greater international role for the euro has been floated, but without major institutional reform…
U.S. steel and aluminium tariffs: how should the EU respond?
President Trump and his trade team are set on a path of protectionism and economic nationalism. Trump’s intended measure raises four issues for the EU: the effect on European industry; how to deter…
International tax debate moves from digital focus to global minimum
International corporate tax reform is coming closer if countries can set aside their differences and work for progress rather than the perfect deal.
Global income inequality is declining
Income inequality among citizens of 146 continues to fall, though at a somewhat reduced pace, according to the updated Bruegel dataset. Income convergence of China and India accounts for the bulk of…
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