Bruegel is the European think tank specialising in economics. Our mission is to contribute to the quality of economic policy making in Europe through open, fact-based and policy-relevant research, analysis and discussion. Established in 2005, Bruegel is independent and non-doctrinal. We are committed to impartiality, openness and excellence. Bruegel’s membership includes EU Member State governments, international corporations and institutions. Sign up for our weekly updates at http://www.bruegel.org/newsletter/.