Western Europe

The ECB announced that it will accept bonds below investment grade as collateral for its bank financing facility.

Anu Bradford is the Henry L. Moses Professor of Law and International Organization at Columbia Law School and a director for the European Legal Studies Center. Her research and teaching focus on European Union law, international trade law, and comparative and international antitrust law. In a new book, The Brussels Effect: How the European Union Rules the World, she argues that the EU has become a leader in establishing standards worldwide, and that it is uniquely positioned to continue to set the pace in global policymaking.