Nicolas Veron

Nicolas Veron is a senior fellow at Bruegel in Brussels and a visiting fellow at the Peterson Institute for International Economics in Washington, DC.

The IMF and the Euro Area Crisis

Nov 06, 2016

Paul Blustein’s book is an important addition to the burgeoning literature on the euro-area crisis, and its main contribution is to assemble essential factual material for further analysis. The International Monetary Fund’s involvement in the euro area crisis has raised a lot of controversy. According to a widespread conventional view,...

The UK-EU Separation: How Fast Does it Happen?

Jun 25, 2016

Up until the British rebuff on June 23, the EU had always been in expansion mode. The UK vote to leave the EU marks the first-ever case of this process being reversed. In the past, there have been a number of situations where a country could be outside the European...

With Brexit, London Would Lose Business as a Global Financial Center

Jun 23, 2016

London could lose its status of a global financial hub if there is a Brexit. Who would win the business that the British capital would lose? There are multiple sub-scenarios in the aftermath of a Leave vote on June 23. In almost all of them, however, London would lose business...

Europe’s Capital Markets Union and the New Single Market Challenge

Oct 05, 2015

Nicolas Véron comments on the Capital Markets Union Action Plan launched by the European Commission. In mid-July 2014, in his maiden policy speech at the European Parliament as president-elect of the European Commission, Jean-Claude Juncker promised to create a European “Capital Markets Union.” As he explained it: “To improve the financing of...

Alibaba IPO Underlines Rise of Chinese Private Sector

Sep 23, 2014

For all the fashionable talk of China’s dominant state capitalism and “Guo Jin Min Tui,” the numbers tell a slightly different story. On September 5, Alibaba Group filed details about its forthcoming Initial Public Offering (IPO), suggesting a mid-range valuation of $155 billion. This would make the Hangzhou-based web retailer...

Euro Crisis Turning Point: Two Years of Banking Union

Jul 08, 2014

Europe’s leaders avoided their usual muddling through complacency to do something radical — and it worked. Europe’s banking union, constituting a supranational pooling of most instruments of banking policy, was established over two years ago, in the early hours of June 29, 2012. To a greater extent than was initially...

Europe’s Banking Supervision

May 06, 2012

Why the world should care about the European debate on bank capital requirements. The European Union’s finance ministers are furiously debating a piece of legislation known as CRD4/CRR (the acronyms stand for the fourth Capital Requirements Directive and the Capital Requirements Regulation). The measure is intended to implement the Basel...

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