Last night, negotiators from member states and the European Parliament found a political compromise on the EU legislation creating a Single Resolution Mechanism and also unlocked the adoption of the Bank Recovery and Resolution Directive, which creates or harmonizes national banking resolution frameworks. I comment on the agreement, its importance, and its articulation with the ongoing review of European Banks by the ECB in this interview with Steve Weisman.
Following President François Hollande's state visit to the US last week, Steve Weisman quizzed me about France's reform prospects in this interview. My response boils down to identifying economic nationalism, and the extraordinary strength of government support of "national champions," as a key obstacle to economic openness, on which the government's thinking needs to change in order to unlock France's growth and employment potential.
In this interview conducted by Steve Weisman at the Peterson Institute, I comment on the visit by Greek Prime Minister Antonis Samaras to the White House, and the current status of Greece's reform and adjustment process.
In a two-part PIIE interview, Steve Weisman quizzed me about the debates on corporate and individual tax avoidance in the US, UK, continental Europe and elsewhere: click here for Part 1 and here for Part 2.
In this new interview with Steve Weisman, I argue that imposing losses on depositors in Cypriot banks may be a risk not worth taking for the European Union - even after taking into account the unsavory nature of much past banking activity in Cyprus.