European Commission

July 14, 2020

An Open Letter on the EU Budget

The negotiations on the European Union’s multi-annual financial perspective for 2021-2027 are underway. The European Commission’s recently updated budget proposal with suggested measures regarding the COVID-19 health and economic crisis and the recovery of the EU economy proposes only minor changes to the earlier version despite the extraordinary circumstances related to the pandemic and the increased need to use scarce taxpayers’ money in the most effective way possible.
July 3, 2020

Post-Coronavirus, How Should the West Approach China?

Covid–19 has done more than cause a medical and economic crisis. It is provoking a major reorientation of the foreign policy of both the United States and Europe. At the heart of this is the question of their changing relationship with China.
July 1, 2020

“Next Generation EU” Spending Plan: Towards Strengthening or Weakening the EU in the Long Run?

While the media, right and left-wing parties and the average newspaper reader celebrate in anticipation of “helicopter money” from Brussels, or otherwise the so-called “Next Generation EU”, classical liberals wonder where all this money will come from while worrying about the potential impact on future generations.
April 15, 2020

Could ‘Lombardy Bonds’ Be the Answer to the Eurozone Debt Puzzle?

At the last Eurogroup meeting, Eurozone finance ministers agreed to set up a ‘Recovery Fund’ to help trigger an economic rebound once the lockdowns are over. But the vexed question of whether some shared ‘European’ debt should be issued has not been solved.
April 11, 2020

Why Do Germany and the Netherlands Oppose Coronabonds?

In recent weeks, the global impact of the coronavirus has brought a huge number of new questions to the fore. For the time being many remain unanswered but, as often happens, in some cases a lack of answers in itself can direct us towards the heart of the problem.