Nicolas Véron

EU Trade Policy amid the China-US Clash

The Greens/EFA Group of the European Parliament commissioned this paper which I coauthored with Anabel Gonzalez, and published it earlier this month on the same day as Anabel gave testimony about it in Brussels. In it, we take a holistic view of the changing trade policy landscape and especially the escalating frictions between China and the United States. We recommend that the EU should lead from strength, along several dimensions that include outreach in China and in the US, finalization of the China-EU Investment Agreement, the multilateral framework and WTO, the EU-Japan-US trilateral discussions, bilateral EU-US trade arrangements, and relationships with other jurisdictions around the world. 

Update (August 1, 2019): the same text was republished as a Working Paper by the Peterson Institute. 

Update (September 17, 2019): the same was republished as a Working Paper by Bruegel.  

Download the paper here in case the above link is broken. Click here for the PIIE version, and here for the Bruegel version. 

An Effective Regime for Non-viable Banks: US Experience and Considerations for EU Reform

The European Parliament today published this study, in which Anna Gelpern and I take a holistic look at the EU regime for non-viable banks - including the EU resolution framework, national insolvency proceedings, and deposit insurance, to which we add state aid control and what we call mutual support arrangements. We take the US regime, centered on the FDIC, as the starting point of our analysis (as requested ECON Committee staff), and consider avenues for EU reform in light of this benchmark. 

Download the study here in case the above link is broken.