How Europe Can Prepare for a Post-Truce Ukraine A peace-enforcement mission, complemented by security assistance, stockpile regeneration, and a dedicated financial framework, would provide the necessary deterrence and resilience against future Russian aggression. A commentary by Andrea Gilli, Mauro Gilli, and Niccolò Petrelli Why Germany has Shifted its Approach to Europe From Germany's debt choices to Italy’s stance on rearmament, Ambassador Luigi Mattiolo analyses how the EU is evolving in the age of Trump. An interview by Stefano Feltri The EU Must Respond Smartly to Trump's Tariff Threats A firm but measured response, aligned with rules and European interests, is better than excessive conciliation with the US administration. Here's why. A commentary by Lorenzo Bini Smaghi Policy Brief - How To Defend EUkraine: What are the Military Options European countries should plan for a Peace Enforcement mission and prepare for either Non-Combat Security Assistance and Support or for Mobile Rapid Reaction Force in order to be prepared for a “what if conflict resumes”. A Policy Brief by Andrea Gilli, Mauro Gilli, and Niccolò Petrelli Be Careful What You Wish For: Germany’s New Fiscal Course Sends Ripples Through Europe Berlin’s pledge to do “whatever it takes” on military and infrastructure spending raises government bond yields across the continent. A commentary by Ignazio Angeloni Policy Brief n.35 - Certification of Business Practices and Algorithms of Digital Platforms Voluntary certification is a novel approach that can restrict the harmful practices of some dominant platforms and motivate and reward emerging platforms that align their practices with the public interest. A Policy Brief by Dovev Lavie, Oreste Pollicino, and Tommaso Valletti Why Markets Do Not React to Europe's Defense Spending Surge Financial discipline, growth potential, and deeper EU integration reassure investors amid rising defense budgets. A commentary by Lorenzo Bini Smaghi Policy Brief - A European Security Fund for Ukraine A coalition of most EU Member States plus the UK and Norway should create a European Security Fund to provide Ukraine with a reliable source of financing, large enough to substitute the US. A Policy Brief by Daniel Gros Europe’s Defence Awakening: A High-Stakes Balancing Act The normalisation of war in political discourse is forcing a renegotiation of the European welfare state, a delicate balancing act that will determine whether defence budgets remain sustainable in the long run. A commentary by Stephanie Hofmann & Catherine E. De Vries Trumponomics Faces Market Test: Implications for Europe The heightened risk aversion triggered by Trump's policies has not spread to Europe, where optimism prevails regarding more cohesive and responsive policymaking. A commentary by Lorenzo Bini Smaghi Can EU Digital Competitiveness Survive Global Pressure? Should China and the US – where major market players are based – manage to sideline Europe in its regulatory isolation, the EU’s influence may wane. A commentary by Marco Bassini Pan-Regions and Trump’s Imperial Geography Trump’s ambitions to extend U.S. influence over neighboring countries align with Karl Haushofer’s notorious geopolitical doctrine. A new global order is emerging, and Europe may not be part of it. A commentary by Andrea Colli Policy Brief - The IMF and Europe under Trump II The Trump II Administration is likely to throw a wrench in coordination across European states in nearly every forum except one: the IMF and multilateral financial institutions. A Policy Brief by Catherine De Vries, and Sienna Nordquist Policy Brief - The Technological Paradigm, Stupid An enormous gap exists in AI innovation between the two sides of the Atlantic. Is there any hope for the EU to compete with AI technology developed by US-based firms? A Policy Brief by Giorgio Presidente The Real Target of Trump’s Crypto Strategy is the Federal Reserve The US President has halted plans for a central bank digital currency: a mere show of strength to undermine the Fed’s independence. A commentary by Ignazio Angeloni Foes’ with Benefits? The shared opposition of environmentalists and farmers to the EU-Mercosur trade deal reflects concerns about economic liberalization at the expense of ecological and social equity. A commentary by Pietro Galeone, Joseph Christopher Proctor, Romain Svartzman Why the Trump-Musk Challenge Presents an Opportunity for EU Digital Regulation The EU can demonstrate its commitment to digital sovereignty and the rule of law by taking decisive action. By doing so, Brussels would signal that neither tech giants nor foreign governments can override European democratic values. A commentary by Francesco Decarolis, and Guido Roveri Policy Brief - How To Defend EUkraine: What are the Military Options European countries should plan for a Peace Enforcement mission and prepare for either Non-Combat Security Assistance and Support or for Mobile Rapid Reaction Force in order to be prepared for a “what if conflict resumes”. A Policy Brief by Andrea Gilli, Mauro Gilli, and Niccolò Petrelli How Europe Can Prepare for a Post-Truce Ukraine A peace-enforcement mission, complemented by security assistance, stockpile regeneration, and a dedicated financial framework, would provide the necessary deterrence and resilience against future Russian aggression. A commentary by Andrea Gilli, Mauro Gilli, and Niccolò Petrelli IEP@BU Events Room 1.C3.01, via Roentgen 1 02/04/2025, 17:30 - 02/04/2025, 19:30 The Remaking Trade Project Prof. Trachtman wil present his enduring work on "Remaking Trade for a Sustainable Future Project". Aula Manfredini, Via Sarfatti 25 27/03/2025, 16:30 - 27/03/2025, 19:00 Minimum wage and the role of social partners in light of the EU Directive Directive 2022/2041 aims to establish a minimum wage framework across the EU. The transposition deadline passed in November 2024, but few countries have fully implemented it. The seminar will assess its impact, focusing on social partners' role in setting wage standards. Read more... 12/03/2025, 15:30 - 12/03/2025, 16:30 The Acceleration of History: How Europe Can Survive in the New World The crises confronting Europe are evolving at such a rapid pace that politics struggles to respond effectively. These include the war in Ukraine, escalating tensions in the Middle East, and the Taiwan Strait. A digital event with Thomas Gomart (IFRI), Monica Perosino (La Stampa), and Stefano Feltri (IEP@BU) SDA Bocconi @ Rome 04/03/2025, 12:00 - 04/03/2025, 14:00 China-EU Relations in a Trumpian World The arrival of Donald Trump and the protectionist shift of the United States are forcing the European Union and China to redefine their relations. Could the American administration’s aggressive approach to trade encourage a rapprochement between the EU and China? Or does it make it even more necessary for Europe to pursue strategic autonomy and a risk-reduction strategy to mitigate dependence on unreliable trading partners? IEP@BU Report - Rules That Empower A new IEP@BU report analyzes the wave of new tech regulations in Europe and their effects to suggest a series of refinements needed to make them effective in promoting an EU-based tech sector. The report is coordinated by Francesco Decarolis IEP@BU Fellows Image Tito Boeri Fellow Tito Boeri is Professor of Economics at Bocconi University. He is Scientific Advisor of the Fondazione Ing. RODOLFO DEBENEDETTI (www.frdb.org), as wel... Image Pietro Galeone Post Doctoral Fellow Pietro Galeone is a researcher at IEP@BU and lecturer at Bocconi University. His research currently focuses on education and labor economics, youth po... Image Elena Gramano Resident Fellow Elena Gramano currently hold the position of Assistant Professor of Labour Law at the Department of Legal Studies, Bocconi University. Prior to this, ... Image Giorgio Sacerdoti Fellow Giorgio Sacerdoti has been Senior Professor since 1 November 2013. Emeritus since 2016. Formerly tenured professor of International Law and Europ... Image Alex Turrini Fellow Alex Turrini is an Associate Professor in Public and Nonprofit Management at the Department of Social and Political Sciences at Università Bocconi, It... Image Nicolò Cavalli Fellow Nicolò Cavalli holds a MSc in Economic and Social Sciences from Bocconi University and a BA in Political Sciences from the University of Bol... Image Stefano Rossi Fellow Stefano Rossi is a Professor of Finance in the Finance Department at Bocconi University, where he holds the Generali Chair in Insurance and Risk Manag... Image Annita Florou Fellow Annita Florou is Professor of Accounting at Bocconi University. Prior to this, she held academic positions at London Business School, Queen Mary Unive... Image Stefano Liebman Fellow Stefano Liebman is Emeritus Professor of Law and previously was Full Professor of Labour Law (2000/2022). Born on March 13th, 1953, graduated in Law ... Image Carlo Favero Fellow D.Phil. from Oxford University, member of the Oxford Econometrics Research Centre. Professor of econometrics at Bocconi University from 1994 to ... Image Eleanor Spaventa Member of the Management Council Eleanor Spaventa is Professor of European Union Law at Bocconi Law School, Milan (Italy). She previously worked at the law schools of Durham, Birmingh... Image Zachary Porreca Fellow Zachary Porreca is a postdoctoral fellow at Bocconi University. He completed his PhD in Economics at West Virginia University in 2023. He is an applie... Image Ignazio Angeloni Non-Resident Fellow Ignazio Angeloni is a part-time professor at the European University Institute in Florence and a Senior Policy Fellow at the Leibniz Institute for Fin... Image Angelo Martelli Non-Resident Fellow Angelo Martelli is Assistant Professor in European and International Political Economy at the LSE European Institute. He worked as a Consultant for th... Image Catherine Rogers Fellow Catherine Rogers is a scholar of international arbitration and professional ethics at Bocconi University, with a dual appointment as Professor of Ethi... Image Cesare Cavallini Fellow Cesare Cavallini was born on September 16th, 1966. In 1989 I graduate from Catholic University of Milan with J.D. degree. Since September 2022 he is H... Image Mara Cameran Fellow Mara Cameran is a Researcher (Ricercatore Confermato) of Financial Accounting at Bocconi University with a PhD in Business Administration and Manageme... Image Arianna Vedaschi Fellow Arianna Vedaschi is Full Professor of Comparative Public Law at Bocconi University. Her research focuses on national security, counter-terrorism, and... Image Stefano Breschi Fellow Stefano Breschi is Professor of Applied Economics and Director of the Invernizzi Center for Research on Innovation, Organization, and Strategy (ICRIOS... Image Ronald Burt Fellow Ronald Burt's work describes social networks creating advantage for certain people and groups. In addition to computer software and research art... prev next WATCH OUR LATEST EVENT Remote video URL The Acceleration of History: How Europe Can Survive in the New World IEP@BU - EU Defense Industry and Policy Policy Brief: Defense Expenditure in EU Countries Much more work would be needed to quantify the potential savings from joint defense initiatives at the EU level. The available estimates, ranging from 20 to 100 billion, are not at all reliable. A Policy Brief by Carlo Cottarelli, and Lelouca Virgadamo Does the EU and its Member States try Harder than We Think? Cooperation between EU member states on issues of joint production and procurement is arguably less limited than IEP@BU Policy Brief by Cottarelli and Virgadamo suggests. A commentary by Stephanie C. Hofmann Why Need to Have a Clear Strategy When We Discuss Defense Expenditure Identifying the appropriate level of spending is difficult and there is not really any science about this. This is because different considerations play a role, including military strategy to political psychology. Andrea Gilli, and Mauro Gilli react to the recent IEP@BU Policy Brief Defense Expenditure in EU Countries The New Commission Needs a Strategy to Trump-Proof European Security If Trump is elected in November 2024, the security outlook of Europe could deteriorate very fast. It is therefore essential that the Commission and the forthcoming Defence Commissioner begin the policy planning and design well in advance. A commentary by Francesco Nicoli The Real Problem With the European Defense Industry The EU aerospace and defense companies invest in R&D as much as their US counterparts, with the primary difference being the size of the market, Daniel Gros, Philipp-Leo Mengel, Giorgio Presidente, and Jean Tirole argues Enrico Letta: Financing Europe's Leap Towards Defence Integration The European Union can only adequately tackle the intricate challenges of modernising its defence capabilities by exploring diverse financing mechanisms and integrating both public and private resources, Enrico Letta argues in his Much More than a Market report Time for a Real European Defense? Survey data suggest that recently announced EU Commission plans for a European Defence Strategy might lack ambition: western Europeans are unlikely to be enthused by half-backed compromises, Francesco Nicoli writes in a commentary Policy Brief - Before Vegetius: Critical Questions for European Defense n a more dangerous and unstable world, Europe must thus prepare for war to maintain peace and its security: as Vegetius noted, si vis pacem para bellum. However, increasing budgets is not enough if the EU does not address key strategic questions. A new website shows the roll-call votes in European Parliament by MEP, MEP, group, and country, going back to 2004. You can also download the data for free. By Simon Hix and Abdul Noury IEP@BU Newsletter Subscribe to receive IEP@BU updates, and participate in policy discussions Subscribe now IEP@BU is on Substack Subscribe to the IEP@BU Substack We are hiring! We have open opportunities for researchers to collaborate with IEP@BU fellows. OPEN POSITIONS