Experience shows that joint financing of public goods works
The ECB can break the impasse by putting pressure on Rome to approve the European Stability Mechanism treaty
The Chiang Mai Initiative would work better if it was a fully-funded system
It isn’t what you think
Italy, Luxembourg and the Netherlands consider candidates to replace Klaus Regling
The European Stability Mechanism has been struggling to find its purpose in recent years
Agreement on bolstering crisis-fighting tools shows that solidarity holds
Eurogroup overcomes opposition from Italy and northern nations on financial backstop for ailing lenders
Finance ministers need to overcome longstanding concerns from northern hawks about reforming the bloc’s bailout fund
Jacques Delors Centre calls on the ESM to be fundamentally reimagined in the post-pandemic age
Member states in need reluctant to tap new coronavirus facility despite its advantages
Pressured by the right, Italy’s PM has prevaricated over triggering eurozone rescue fund
It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends
What if Italy cannot service its debt and a future government is tempted to default?
Coronavirus economic package agreed by eurogroup faces political hurdles
Accord on emergency package leaves longer-term questions on burden sharing for recovery unresolved
The ECB must work to protect the currency union at all costs
Member states clash over joint debt issuance as Eurogroup prepares to meet
A European Coronabond is being widely touted. But issuing it entails some massive political choices, argues Lorenzo Bini Smaghi.
Short-term crisis response will require use of existing institutions and instruments
Leaders fail to settle on proposals for upcoming Eurogroup talks
The eurozone needs mutualised spending more than it needs mutualised borrowing
Finance chiefs weigh European Stability Mechanism’s capacity to fight Covid-19 crisis
Paolo Gentiloni — ‘We need to face an extraordinary crisis with extraordinary tools’
Member states are divided over when to deploy the European Stability Mechanism
