Newsletter: Europe’s response to COVID economic crisis
Monday, 25 January 2021
Good morning Future is blue readers,
This week we are covering what to expect for the European economy in 2021. We’ve recently hosted a webinar that included a presentation by Agnès Bénassy-Quéré, Chief Economist at the French Treasury, about Europe’s response to the COVID economic crisis. Other analysts such as Miguel Carrión, Funcas analyst, Miguel Otero, Senior Analyst at Elcano Royal Institute, Lidia Brun, Economist at Université Libre de Bruxelles, and Ramon Marimon, Professor at European University Institute in Florence. The Q&A was moderated by Carlos Carnicero Urabayen, journalist.
In today’s newsletter we are also featuring Carrión’s latest article “How could the ECB exit QE?”.
Further below, you will read more about a podcast recently produced by Agenda Publica, including three prominent guests: Anu Bradford, Law Professor and expert in International Trade law, Alex Stubb, former prime minister of Finland, and Pablo R. Suanzes, El Mundo Brussel’s correspondent.
See at the end what we are reading these days.
Europe’s response to COVID economic crisis
No matter how much we expect 2021 to be the year of vaccination and growth, there are still many challenges for the European economy that are inherited from last year’s emergence of the pandemic. Our key guest, Agnès Bénassy-Quéré, gave us an excellent helicopter view presentation on how Europe is responding to the COVID economic crisis and what to expect in the months to come.
How could the ECB exit QE?
By the end of 2021, the ECB may have accumulated close to 5 trillion euros worth of bonds on its balance sheet. Eventually, however, asset purchases will stop on a net basis. Then the question of an exit strategy from quantitative easing (QE) will arise.
Don’t miss Carrión’s full analysis where he covers how long we should expect the ECB to continue buying bonds and his idea of a possible path ahead to leave QE.
Access here Miguel Carrión’s article.
Podcast -Will the European Union continue to be the boss of regulation or will there be a Beijing effect?
In this second edition of Agenda Publica Conversations, Pablo R. Suanzes hosts a dialogue with Anu Bradford and Alex Stubb where they analyse Europe’s power as a regulator champion.
What we are reading
“A massive second-half recovery”: Biden, China and the global economy
Surging optimism about a boom in 2021 depends on heavy public spending and a rapid rollout of new Covid vaccines.
Net-Zero Challenge: The supply chain opportunity
Decarbonizing global supply chains is a key pillar for successfully fighting climate change. Worthy report from The World Economic Forum.
A Brexit lesson: EU´s benefits, largely invisible, hurt to lose
Single market perks are no conjuring trick, but the result of years of EU legislation.
Have a nice week!
Raymond Torres, Funcas Europe Director