Word: bruegels
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...Andre Sapir, a senior fellow at Bruegel, a Brussels-based economic think tank, is also sympathetic. "The rules on sovereign debt and banking are slightly fuzzy," he says. "The best way to resolve this would have been with arbitration through an impartial court, but the U.K. and the Netherlands refused." The country of Latvia, which suffered its own monumental economic collapse last year, says that Iceland is being ganged up on because of its size and relative unimportance. "Is this reaction due to the fact that Iceland is a small country?" Latvian Foreign Minister Maris Riekstins asked...
...Nicolas Véron, a research fellow at the Brussels-based Bruegel economic think tank, says politicians are attacking bonuses because they are easy targets. "Financial regulation is complicated to understand, and bonuses are simple. So at this point, it is 99% political signaling," he says...
...right in its own backyard. And China's push for nuclear plants is likely to presage competition from that country. "China wants the ability to build its own nuclear facilities in the future," says Nicolas Véron, a capital-markets and foreign-investment expert with Brussels think tank Bruegel. "A large part of [the reason] companies [are] getting the early contracts today," is down to the "agreements of knowledge and technology transfers that will cost them business tomorrow." Nuclear summer or no, that would mean an even more crowded field. Areva still has time to cement its position...
...issue is expected to dominate next month's London summit of leaders from the G-20 group of top economies. "I do not have high expectations for London," says Nicolas Véron, a scholar at the Brussels-based economic think tank Bruegel. "Not everyone will follow the U.S. just because of Obama. Global solidarity solutions are fiendishly difficult both to decide and to enforce. There is a growing realization that regional or national responses are preferable wherever possible...
...government bailouts and a collapsing housing market that has forced massive interest rate cuts, Europe's currency is within a pence or two of parity with the pound. "The debate has changed from a total fantasy in the U.K.," says Jean Pisani-Ferry, director of Brussels-based think tank Bruegel. "The political obstacles still remain strong, but it has changed the perception of the U.K. as the perfect system...