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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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The International Monetary Fund (IMF) played a ground-breaking role in understanding the financial-sector dynamics of the euro-area crisis. It was the first public authority, and one of the first more generally, to acknowledge the role of the bank-sovereign vicious circle as the central driver...
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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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from the EU of the United Kingdom - home to the EU’s main capital market centre - makes the project even more relevant …. Although integrating and deepening capital markets has been a long standing goal of the EU, actual progress has been limited … development of EU capital markets. Although the European Council has repeatedly underlined the CMU’s importance, only a few of …
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. The impact of the EU’s AML shortcomings has been further underlined by changing geopolitics and by the new reality of … European banking union. The EU legal framework combines a strong, enforceable single market with national AML supervision of … banks and other financial and non-financial firms in which the mechanisms to ensure EU-wide supervisory consistency are …
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