Greece's debt crisis: a decade of resilience

The Western Balkans are often seen as Europe’s periphery, but they are in fact embedded within the continent’s history and future ambitions. Despite close economic ties with the EU, these six countries—Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia—remain outside the Union, navigating a complex path toward accession. In this episode of The Sound of Economics, Rebecca Christie is joined by Simonida Kacarska, Nina Vujanović and Anna Fiore to explore the economic realities, trade dynamics, and political hurdles facing the region. How integrated are these economies already? What barriers remain, and can the new EU growth plan bring about meaningful progress? This podcast was produced with financial support from The Open Society Foundations Western Balkans. 

In this episode of The Sound of Economics, we mark a decade since the Greek debt crisis, reflecting past hardships and the progress made and the challenges that lie ahead. Host Rebecca Christie is joined by George Papaconstantinou, former Greek Minister of Finance, and Eleni Varvitsioti, journalist and expert on European affairs. Together, they explore Greece’s recovery journey, from the turbulence of the crisis to its recovery and economic growth. They discuss the cautious optimism in Greece today and the resilience of the Greek people, as well as continuing fiscal and political challenges.  The episode mentions the following books:  ‘Game Over: The Inside Story of the Greek Crisis’ by George Papaconstantinou  ‘The Last Bluff: How Greece came face-to-face with financial catastrophe & the secret plan for its euro exit’ by Viktoria Dendrinou and Eleni Varvitsioti  Safeguarding the Euro in Times of Crisis: The Inside Story of the ESM, by the European Stability Mechanism, lead author Rebecca Christie

How should Europe respond to the new US administration’s aggressive rhetoric on trade? Bruegel’s Uri Dadush, Niclas Poitiers and Ignacio Garcia Bercero join a conversation with Rebecca Christie for a special live edition of The Sound of Economics podcast.

Russia’s invasion of Ukraine has forced the EU to reassess its ties with both Moscow and Beijing. As the EU navigates its dependencies on Russian energy, Chinese markets, and US security, how is its long-term strategy evolving? Can Europe maintain a unified stance on China? And what does this mean for global power dynamics? In this episode of The Sound of Economics, Yuyun Zhan is joined by Alicia García-Herrero, Elina Ribakova, and Ivana Karásková to discuss the shifting landscape of China-EU relations in the wake of the war in Ukraine. Check out Bruegel's research on China and on defence. Ivana recently founded The Women Insight on China (WiCH), a new initiative aimed at addressing the underrepresentation of women in the field of China studies across Europe. Alicia is a Co-chair for Spain. This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Sign up now to receive it in your mailbox!

In this episode of The Sound of Economics, host Rebecca Christie discusses Ireland's economy with Eamon Gilmore, former Foreign Minister, and Patrick Honohan, former Governor of the Irish Central Bank. They explore Ireland’s recovery from the global financial crisis and current political outlook, alongside issues such as public debt, low interest rates, and rebuilding national confidence. The conversation also covers support for Ukraine, the Irish housing crisis, Ireland’s role in Europe, and evolving relations with the UK in the aftermath of Brexit and the peace process. The episode concludes with the speakers sharing their hopes and concerns for the country’s future.    The episode mentions the book “Europe and the Transformation of the Irish Economy (Elements in Economics of European Integration)” by Patric Honohan and John FitzGerald. Music: McFarley’s Reel, after the playing of John Doherty. 

In this episode of The Sound of Economics, Rebecca Christie is joined by Jeromin Zettelmeyer and Peter Praet to discuss the economic outlook for Europe and the United States, the impact of prospective tariffs, and the role of monetary and fiscal policies. The conversation touches on the impact of geopolitical uncertainties, structural reforms, and the ongoing debate around defence spending in Europe. *This podcast was recorded in mid February 2025.

In this episode of The Sound of Economics, we examine the rapidly evolving geopolitical landscape in Europe, driven by the ongoing war in Ukraine, shifting alliances, and the changing role of the United States in NATO. Host Rebecca Christie is joined by Bruegel experts Heather Grabbe and Guntram B. Wolff to discuss the critical questions facing European policymakers: What level of financial and military support is the EU prepared to provide to Ukraine? Can Europe step up to replace U.S. security guarantees, and what would that entail? How are NATO and EU alliances evolving in response to these pressures? What role will collective defence spending and procurement play in reshaping Europe’s military posture? *This podcast was recorded on Friday morning CET, 28 February 2025. Read the recent Analysis by Alexandr Burilkov and Guntram B. Wolff, Defending Europe without the US: first estimates of what is needed.

Since the bursting of China’s real-estate bubble in mid-2021, there has been a growing concern that the country’s economy could end up like that of Japan in the early 1990s. In this episode of the Sound of Economics, Yuyun Zhan invites Alicia García-Herrero and Jianwei Xu to discuss China’s structural deceleration, the striking similarities and key differences with Japan’s experience, and what this could mean for Europe and the global economy, as explored in their latest policy brief. This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Sign up now to receive it in your mailbox!

Ahead of Germany’s federal elections on February 23 2025, Rebecca Christie invites Jens Suedekum and Niclas Poitiers to take a look at the country’s economic situation, what needs to be fixed and how. This election may decide which fundamental economic strategy Germany pursues for the next years, with implications for Europe and the world. They discuss why it has been so hard for Berlin to change and how the next crisis may require new tools. Note: This podcast was recorded in mid January 2025.

In this episode of The Sound of Economics, host Rebecca Christie is joined by Laurence Tubiana, CEO of the European Climate Foundation, and Bruegel fellows Jean Pisani-Ferry and Alissa M. Kleinnijenhuis to discuss the urgent financial steps needed to address climate change: Now that the US has pulled back, the EU is needed more than ever to help mobilise crucial funds and guard against the costs of inaction. They explore the economic arguments for green investments, potential sources of funding, and the role of China in transitioning to a low-carbon economy. How much money is needed and where will it come from? Why is combatting climate change an economic necessity?