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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 …
Persistent link: https://www.econbiz.de/10012306800
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,...
Persistent link: https://www.econbiz.de/10012257781
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 …
Persistent link: https://www.econbiz.de/10012259684
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,...
Persistent link: https://www.econbiz.de/10011584166
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 …
Persistent link: https://www.econbiz.de/10012025345
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 …
Persistent link: https://www.econbiz.de/10012025374
average (Romania, Portugal) in financial literacy rankings. The findings for the EU echo those that are also applicable to … consistently underperform in literacy tests. Financial literacy matters for the EU for three reasons: 1) in the face of rapidly … associated with the main elements of inclusive growth in the EU, namely poverty, inequality, social exclusion and social …
Persistent link: https://www.econbiz.de/10011884858
system-wide level. We recommend that EU finance ministers increase resilience of the financial system through regular … broader political discussion on the integration of the EU security architecture applicable to the financial system. This … financial infrastructure at the EU level. …
Persistent link: https://www.econbiz.de/10012140010
The COVID-19 pandemic represents a major shock to the global and European economy. Most European countries will need to take bold quarantine and lock-down measures, as has been done in Italy, to prevent an explosion of the epidemic which would lead to many deaths and the collapse of healthcare...
Persistent link: https://www.econbiz.de/10012200610
Africa’s population is projected to reach almost 2.5 billion by 2050. Migration from Africa to the EU is relatively … stable, at around 500,000 migrants per year, or 0.1 percent of the EU population, yet irregular immigration into the EU has … make them natural partners for the EU. The region is diverse but political instability has been a common feature that in …
Persistent link: https://www.econbiz.de/10011738260