03 February 2012

Bruegel: Don’t let the euro area crisis go east

There are many reasons why Asia and Europe could and should cooperate to fix the euro area. Unfortunately, one obstacle to cooperation is the lack of a proper institutional framework to host a regular dialogue between Asia and Europe. The ASEM (Asia-Europe Meeting) – an informal process of cooperation and dialogue between Europe and Asia established in 1996 – has not been active enough, and bilateral discussions lack the scope and reach needed to be effective. The AEEF, bringing together experts from both the continents, could play a role in bridging the gap and in providing a high-level contribution to the discussions that must take place.

Full paper

© Bruegel