Bruegel is the European think tank specializing 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/. Bruegel ranked #1 best think tank in the Western Europe, #1 top international economics think tank and #2 best think tank in the world (US and non-US) in the 2020 Global Go To Think Tank Report published by the University of Pennsylvania.