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Michel Krmek

Michel Krmek

Michel, a Belgian citizen, joined Bruegel in January 2015 as an online communications officer. Prior to joining Bruegel, he worked for three years as a communications officer in an international non-profit in the ICT sector.

Articles by Michel Krmek

EU-UK future constitutional relationship

October 4, 2016

Bruegel’s Director, Guntram Wolff, was invited to speak at the European Parliament’s Committee on Constitutional Affairs on 29 September 2016.

The Committee on Constitutional Affairs held an exchange of views on the future constitutional relationship of the United Kingdom with the European Union after the June 23 referendum in the UK.
Watch the video recording

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Renzi’s risky budget strategy

October 21, 2015

Last week the Renzi government approved the 2016 budget law proposal. Although the detailed text is not available yet, the broad picture is clear.
The Italian government intends to postpone the fiscal adjustment decided last year in accordance with E…

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Enhancing financial stability in developing Asia

October 20, 2015

This paper outlines guidelines for policymakers pursuing financial stability in developing Asia. It aims at supporting Asian policymakers’ judgment by providing policy views and recommendations that are based on the analysis of the recent sequence of…

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Clueless in Europe

October 20, 2015

Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe’s scolds and do t…

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Greece budget update – October

October 19, 2015

The Finance Ministry of Greece has published the preliminary budget execution bulletin for September, covering the first 9 months of the year. It reveals a decline in the primary surplus, compared to the over performance recorded in recent months.
Wh…

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How will refugees affect European economies?

October 19, 2015

What’s at stake: The continuing wave of refugees arriving at the borders of the European Union has sparked discussions all around Europe on how to deal with it, and what the impact will be on the European economies. We review the blog discussions on …

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The systemic roots of Russia’s recession

October 16, 2015

Recession in Russia has become a fact since mid-2014. What are the structural and institutional roots behind it?
Highlights:
The Russian economy grew rapidly between 2000 and 2007, but growth decelerated after the 2008-09 global financial crisis, and…

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Germany is Not Volkswagen

October 12, 2015

The Volkswagen scandal has raised questions about the German model of production. If the success of the company’s diesel-powered vehicles was due in part to fraudulent efforts to conceal the amount of harmful pollutants they emitted, will similar rev…

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The disconnect between exchange rates and trade

October 12, 2015

What’s at stake: The failure of Abenomics to boost net exports despite the large currency depreciation has raised the question of a possible more general disconnect between exchange rates and trade, namely because of the international fragmentation o…

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No coordination without representation

October 8, 2015

Further democratic legitimacy is a pre-requisite to economic union. This article explores how economic policies in the euro area should be coordinated, but this cannot be done in a mechanical rules-based manner. Arguing the contrary suggests a cavali…

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What options for European deposit insurance?

October 8, 2015

The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We aim to explain and to highlight what different options can and cannot achieve. We end by drawing some …

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Iran: a new natural gas supplier for Europe?

October 5, 2015

The Iranian nuclear deal reached in July can potentially reshape the Iranian economy in general and its energy sector in particular. On the basis of this historical step, many voices suggested that Iran might (or should) become a new gas supplier to …

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The then and now of tightening cycles

September 14, 2015

What’s at stake: This week the Fed will be considering whether to raise its interest rate for the first time in nearly a decade. In a volatile context, the outcome of the struggle between those who want to normalize policy ASAP and those who worry ab…

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Bruegel: an unlikely start-up

September 9, 2015

Bruegel was born out of an unusual openness to new ideas and an extraordinary coincidence of minds in the French and German Treasuries. The story of its birth is worth telling.

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The triumph of backward-looking economics

September 7, 2015

What’s at stake: At a time when monetary policy makers have a hard time generating inflation despite credible monetary regime changes (e.g. Japan), it is tempting to argue that there is simply substantial inertia in inflation. In this modern version …

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The history of the macroeconomic divide

August 24, 2015

What’s at stake: Following up on his mathiness critique that economic theory is becoming a sloppy mixture of words and symbols, Paul Romer wrote a series of blog posts over the past few weeks discussing how things went so far off in the macroeconomic…

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Making low-carbon technology support smarter

August 18, 2015

This Policy Brief describes the interaction between three approaches that are effective in driving innovation in low-carbon technologies. Based on that, the author provides four recommendations for making low-carbon technology support smarter.

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