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to political debates that emphasise the cost of EU spending rather than the benefits, and add to the perception of the EU … budget in terms of net balances, rather than value added. • The financing of the EU budget must be reassessed in the light of … the July 2020 decision to launch the Next Generation EU programme. Budget resources could include a plastics charge, a …
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When it became clear that the COVID-19 pandemic required widespread lockdown of all but essential firms, most governments took measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity. These measures included unemployment benefits, grants, transfers,...
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pandemic hit, a substantial share of EU households reported that they would be unable to handle unexpected expenses. In some EU … countries, many households had savings equivalent to just a few weeks of basic consumption. • We find that one in three EU … measures put in place across the EU are intended to provide economic help to those households where members have lost jobs or …
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Quantitative easing (QE) affects banks’ profitability in three main ways. First, as QE drives up bond prices, banks holding such bonds see their balance sheets strengthened. Second, QE reduces long-term yields and thereby reduces term spreads. With this, the lending-deposit ratio spread falls,...
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In the aftermath of the financial crisis, the question of how to handle a big bank’s collapse has arisen. Large banks perform functions that if disrupted could seriously damage the financial sector and the real economy. The European Union’s new resolution regime introduced by the Bank...
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United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They … considers how the EU and its member states can better protect European economic sovereignty in a range of areas, including state … area, we recommend ways to improve the EU’s capacity to wield economic power, without advocating increased protectionism or …
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the world. But the EU faces nevertheless formidable economic challenges. In the short-term, there is the potential for … strong macroeconomic weakening, resulting partly from uncertainty generated by the global trade conflict. The EU also has a … long-term growth and productivity weakness. Finally, the EU, especially the euro area, suffers from a lack of convergence …
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