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461
The European project
In this episode of The Sound of Economics, host Rebecca Christie speaks with European Commissioner Valdis Dombrovskis, Bruegel Director Jeromin Zettelmeyer and research fellow Anne Bucher about how to make the European Union work better. Ukraine, Bruegel’s newest state member, will soon receive more financial support but needs Europe to keep up its sanctions on Russia. How will the enlargement process shape relations between Kyiv and its neighbours? Closer to home, how should the Brussels institutions tackle simplification and deregulation? Can the European Commission do a better job with impact assessments to manage the costs and trade-offs of its policies? Does the EU need tougher enforcement against national gold-plating? As member states and the European Parliament put their stamp on, and add complexity to, new legislation, policymakers must find the political will to make the system work. Relevant research: Bucher, A. and E. Golberg (2026) ‘Better regulation in the European Union needs a fresh start,’ Policy Brief 01/2026, Bruegel. European Commission (2026) 'A Simpler, Clearer and Better Enforced EU Rulebook', Communication, 28 April 2026. Zettelmeyer, J. (2025) 'Draghi on a shoestring: the European Commission’s Competitiveness Compass', Analysis 02/2025, Bruegel.
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460
Weapons, war and confusion
In this episode of The Sound of Economics, host Rebecca Christie talks about the defence industry with Bruegel’s Guntram Wolff and journalist Sharon Weinberger, author of the books Imaginary Weapons, The Imagineers of War and the forthcoming Valley of Death. What defence systems are Europe and the US buying? Are countries like Poland and the Baltic states re-inventing how the EU approaches joint defence? How is the defence industry structured and what have been the major changes of the past 20 years? Does Europe really need its own DARPA – the US defence innovation agency? What is the future of joint procurement and how should public policy act? With ongoing wars in Ukraine and Iran, as well as heightened uncertainty in Asia and around the world, these questions are back in the spotlight. Relevant research: Becht, M., J. Mejino-López and G. Wolff (2026) 'Who controls the defence industry?', Working Paper 08/2026, Bruegel Kapstein, E., J. Ospital and G. Wolff (2026) ‘Reforming European defence procurement to boost military innovation and startups’, Policy Brief 04/2026, Bruegel Weinberger, S., 'Washington Rewrites the Rules of Funding Technological Innovation', The Wall Street Journal, 20 April 2026 Weinberger, S. (2026) Valley of Death: How Big Tech is the Future of War, Little, Brown and Company
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459
Future-proofing and creative destruction
In this episode of The Sound of Economics, host Rebecca Christie talks about sustainable finance with Bruegel’s Silvia Merler and Dirk Schoenmaker. How will markets adjust to the European Union’s new disclosure framework, watered down by an 'omnibus' simplification package. Is it really simpler? Who is using the new disclosures and how could clearer rules attract more investment? How can the EU manage the creative destruction of transition and minimise the risk of stranded assets? They also discuss how United States asset managers invest and how they cast their governance votes. Should the European Central Bank offer a separate interest rate for finance linked to the energy transition? How do green bonds, sustainability-linked bonds and transition finance work in the market? For sustainable finance to reach its potential, the EU will need to improve its capital markets generally and find ways to make its disclosure framework more practical and internationally viable.Relevant research: Merler, S. (2025) ‘How to improve the European Union’s sustainable finance framework’, Policy Brief 05/2025, Bruegel. Merler, S. (2025a) 'Streamlining or hollowing out? The implications of the Omnibus package for sustainable finance', First Glance, 03 March, Bruegel. Schoenmaker, D. (2026) 'Risks for Europe of US dominance of global asset management', Policy Brief 07/2026, Bruegel.
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