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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
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...
Persistent link: https://www.econbiz.de/10011584148
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
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 …
Persistent link: https://www.econbiz.de/10011884862
. 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 …
Persistent link: https://www.econbiz.de/10011936238
The banking crisis in the euro area, which started in mid-2007 and has yet to be fully resolved, has sparked considerable debate and reform, most notably the initiation of banking union starting in mid-2012. But one issue that has been largely overlooked in the debate is the peculiar ownership...
Persistent link: https://www.econbiz.de/10011738317
The depiction of the euro area/European Union (EU) as a "fourfold union" (financial union, fiscal union, economic union … (EMU). This framing of EMU and EU integration is inevitably simplistic but its four-part categorisation remains relevant … advanced further than many observers realise, even as national politics remain paramount for the vast majority of EU citizens …
Persistent link: https://www.econbiz.de/10011738356
The European Green Deal is a plan to decarbonise the EU economy by 2050, revolutionise the EU's energy system … repercussions. The Green Deal will affect geopolitics through its impact on the EU energy balance and global markets; on oil and gas …-producing countries in the EU neighbourhood; on European energy security; and on global trade patterns, notably via the carbon border …
Persistent link: https://www.econbiz.de/10012433888
EU subsidies remain far larger. However, there are important qualitative differences. Some IRA subsidies discriminate … against foreign producers while EU subsidies do not. IRA clean-tech subsidies are simpler and less fragmented, and they focus … forcing the reorganisation of supply chains, the IRA may make the EU and other economies more competitive relative to China …
Persistent link: https://www.econbiz.de/10014231855