Towards a More Resilient Europe Post-Coronavirus

Total Page:16

File Type:pdf, Size:1020Kb

Towards a More Resilient Europe Post-Coronavirus Towards a more resilient Europe post-coronavirus Options to enhance the EU's resilience to structural risks STUDY EPRS | European Parliamentary Research Service with the Directorates-General for Internal Policies (IPOL) and External Policies (EXPO) PE 659.437 – April 2021 EN Towards a more resilient Europe post-coronavirus Options to enhance the EU's resilience to structural risks The coronavirus crisis has underlined the need for the European Union to devote greater efforts to anticipatory governance, and to attempt to strengthen its resilience in the face of risks from both foreseeable and unforeseeable events. This paper builds further on an initial 'mapping' in mid-2020 of some 66 potential structural risks which could confront Europe over the coming decade, and a second paper last autumn which looked at the EU's capabilities to address 33 of those risks assessed as being more significant or likely, and at the various gaps in policy and instruments at the Union's disposal. Delving deeper in 25 specific areas, this new paper identifies priorities for building greater resilience within the Union system, drawing on the European Parliament's own resolutions and proposals made by other EU institutions, as well as by outside experts and stakeholders. In the process, it highlights some of the key constraints that will need to be addressed if strengthened resilience is to be achieved, as well as the opportunities that follow from such an approach. EPRS | European Parliamentary Research Service with the Directorates-General for Internal Policies (IPOL) and External Policies (EXPO) SUMMARY In April 2020, the participants in the inter-institutional European Strategy and Policy Analysis System (ESPAS), which aims to identify and analyse medium- and long-term global trends facing the European Union, were invited by the Vice-President of the European Commission responsible for foresight to offer 'food for thought' on issues arising from the coronavirus pandemic, with a view to helping refine collective thinking on how to increase the long-term resilience of the Union over the coming decade. In this context, this paper, the third in a series, follows on from 'An initial mapping of structural risks facing the EU' (July 2020), which set out some 66 potential structural risks confronting the European Union in the aftermath of the coronavirus crisis, and 'Capabilities and gaps in the EU's capacity to address structural risks' (October 2020), which looked at those risks from the mapping which were considered as more immediate and significant, and considered ways in which the EU and Member States could address them, either with existing capabilities or through filling gaps in policies and instruments. The present paper drills down deeper in 25 areas presented in the previous papers, looking in greater detail at possible action by the EU and highlighting proposals from various quarters, including the European Parliament itself, and at potential or actual constraints that might hinder action in these fields. The present paper builds on a shorter version presented as a draft for discussion at the European Parliament's management Innovation Day on 15 January 2021. AUTHORS Production of this paper was coordinated by Étienne Bassot, Franck Debié, Stanislas de Finance and Astrid Worum of the Directorate-General for Parliamentary Research Services (DG EPRS). Contributions come from the following policy analysts in DG EPRS: Suzana Anghel, Izabela Bacian, Naja Bentzen, Anna Caprile, Stanislas de Finance, Angelos Delivorias, Costica Dumbrava, Ralf Drachenberg, Claudio Fabiani, Vivienne Halleux, Liselotte Jensen, Elena Lazarou, Tambiama Madiega, Nora Milotay, Matthew Parry, Philippe Perchoc, Gianluca Quaglio, Anja Radjenovic, Jérôme Saulnier, Leopold Schmertzing, Rosamund Shreeves, Carla Stamegna, Branislav Stanicek, Christiaan Van Lierop and Alex Wilson. The draft was reviewed by colleagues from the Directorates-General for Internal Policies (DG IPOL) and External Policies (DG EXPO), under the coordination of Adolfo Barberá Del Rosal. To contact the publisher, please e-mail [email protected] LINGUISTIC VERSIONS Original: EN Manuscript completed in April 2021. DISCLAIMER AND COPYRIGHT This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. The content of the document is the sole responsibility of its author(s) and any opinions expressed herein should not be taken to represent an official position of the Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Brussels © European Union, 2021. Photo credits: © Theseamuss / Adobe Stock. PE 659.437 ISBN 978-92-846-7985-0 doi:10.2861/675160 QA-09-21-102-EN-N [email protected] http://www.eprs.ep.parl.union.eu (intranet) http://www.europarl.europa.eu/thinktank (internet) http://epthinktank.eu (blog) Contents Foreword 1 Introduction 3 Forestalling future health crises 5 Promoting sustainable global economic growth 15 Developing a stronger EU economic policy (Wirtschaftspolitik) 27 Towards a permanent EU unemployment re-insurance scheme 35 Improving sustainability of social protection systems in the EU 43 Increasing social cohesiveness in the EU 53 Enhancing EU gender equality policy 63 Building a genuine capital markets union in the EU 75 Making the EU single market more resilient 83 Developing a joint liability instrument for the EU 91 Building greater EU food security 101 Reducing energy dependency and enhancing energy efficiency in the EU 113 Countering disinformation in the EU 121 Making Europol an EU 'FBI'? 131 Strengthening Schengen governance and EU border management 141 Developing an integrated EU migration policy 149 Strengthening EU civil protection measures for climate extremes 159 Protecting Europe's natural heritage and biodiversity 167 Investing in European digital technologies and infrastructure 175 Strengthening EU cyber-security 181 Stabilising the European Neighbourhood 193 Towards an EU defence instrument 199 Strengthening multilateralism through EU diplomacy 207 Renewing transatlantic relations under President Biden 217 Promoting common European identity 225 Foreword Today, as Europe continues to grapple with the coronavirus pandemic, Members of the European Parliament (MEPs) are acutely aware of the importance of thinking strategically about the challenges and opportunities that confront the European Union in an increasingly complex and uncertain world. They want and expect the Parliament to be centrally involved in EU policy-making and law- making, at every stage of the policy cycle, and they expect to do that on the basis of the best possible analysis and understanding of the issues involved. In order to meet this need, the secretariat of the European Parliament produces not just a wide range of briefing material on all key EU policies and legislation, it also assists Members in trying to get ahead of the curve by looking at up-coming issues and longer-term trends. By this means, the Parliament can be a central player in the whole policy cycle of the European Union – from policy inception and agenda-setting, through law-making, to the oversight and scrutiny of policy outcomes. The various shocks and surprises of recent years – the sovereign debt crisis, the migration crisis, Brexit, the Trump presidency, and now the huge impact of coronavirus – have greatly increased the importance of foresight and analysis of global trends, and they have underlined the general need for a higher degree of 'anticipatory policy-making' at European level. Working on the basis of the Parliament's established policy positions, we have recently intensified our research and analysis specifically of the systemic risks and challenges that now confront the Union, as well as of the capabilities that the Union has at its disposal to address these risks, of the weaknesses or gaps that still need to be filled in meeting them, and of the various ways that we can build a generally more resilient Union. The process of building greater resilience within the system dovetails neatly with the current debates about the desirability of strategic autonomy and European sovereignty: indeed greater resilience is a practical precondition for making such autonomy or sovereignty real. Fortunately, in recent years, the Parliament has generated many ideas for how EU policies can be made stronger, more coherent and more effective, filling the policy gaps that have been revealed by events in the last decade – or which might yet be revealed by events in the future. Some of these proposals have already been taken up, or are being taken up, by the European Commission. In spring 2020, I invited the European Parliamentary Research Service (EPRS), DG Internal Policies (IPOL) and DG External Policies (EXPO) within the Parliament's administration to undertake detailed work in the fields of risks, capabilities and resilience. So far, this exercise has generated three substantive sets of papers. The first set of papers offered a detailed 'mapping' of structural risks facing the Union, taking account of their potential significance and likelihood. It identified and assessed 66 such risks, 33 of which were considered to be risks requiring special attention because they were of potentially general impact and of higher, rather than lower, probability. This work was published jointly by DGs EPRS, IPOL and EXPO
Recommended publications
  • EU and Member States' Policies and Laws on Persons Suspected Of
    DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT C: CITIZENS’ RIGHTS AND CONSTITUTIONAL AFFAIRS CIVIL LIBERTIES, JUSTICE AND HOME AFFAIRS EU and Member States’ policies and laws on persons suspected of terrorism- related crimes STUDY Abstract This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the European Parliament Committee on Civil Liberties, Justice and Home Affairs (LIBE Committee), presents an overview of the legal and policy framework in the EU and 10 select EU Member States on persons suspected of terrorism-related crimes. The study analyses how Member States define suspects of terrorism- related crimes, what measures are available to state authorities to prevent and investigate such crimes and how information on suspects of terrorism-related crimes is exchanged between Member States. The comparative analysis between the 10 Member States subject to this study, in combination with the examination of relevant EU policy and legislation, leads to the development of key conclusions and recommendations. PE 596.832 EN 1 ABOUT THE PUBLICATION This research paper was requested by the European Parliament's Committee on Civil Liberties, Justice and Home Affairs and was commissioned, overseen and published by the Policy Department for Citizens’ Rights and Constitutional Affairs. Policy Departments provide independent expertise, both in-house and externally, to support European Parliament committees and other parliamentary bodies in shaping legislation
    [Show full text]
  • Cases of Echinococcus Granulosus Sensu Stricto Isolated from Polish Patients: Imported Or Indigenous?
    Hindawi Publishing Corporation BioMed Research International Volume 2015, Article ID 728321, 5 pages http://dx.doi.org/10.1155/2015/728321 Research Article Cases of Echinococcus granulosus Sensu Stricto Isolated from Polish Patients: Imported or Indigenous? Monika Dybicz,1 Piotr Karol Borkowski,2 Julia Ddbrowska,1 and Lidia Chomicz3 1 Department of General Biology and Parasitology, Medical University of Warsaw, 5 Chałubinskiego´ Street, 02-004 Warsaw, Poland 2Department of Zoonoses and Tropical Diseases, Medical University of Warsaw, 37 Wolska Street, 01-201 Warsaw, Poland 3Department of Medical Biology, Medical University of Warsaw, 73 Nowogrodzka Street, 02-018 Warsaw, Poland Correspondence should be addressed to Monika Dybicz; [email protected] Received 30 June 2015; Revised 21 August 2015; Accepted 16 September 2015 Academic Editor: Stefano D’Amelio Copyright © 2015 Monika Dybicz et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The cases of nine Polish patients with diagnosed cystic echinococcosis (CE) were examined. A total of nine isolates obtained postoperatively were investigated using PCR and sequencing. The mitochondrial region of nad1 gene was amplified. This PCR and sequencing analysis revealed the presence of Echinococcus canadensis G7 in seven patients and E. granulosus G1 in two patients. These data demonstrate that E. canadensis is the predominant causative agent of human cystic echinococcosis in Poland. E. granulosus G1 detection in Polish patients suggests that the parasite was imported; however it does not exclude the possibility that these cases could have been of Polish origin.
    [Show full text]
  • Euro Aggregate
    Investment Highlights 2Q 2021 Euro Aggregate Performance Review Global Bond and Currency Returns Euro Aggregate portfolios outperformed their benchmarks Country 9 7.1 in 2Q21: 6 3.1 Overweight exposures to corporate bonds and hard 3 2.2 2.5 0.4 1.1 1.3 currency EM bonds were positive. 0 -0.6 -0.6 -0.4 -0.4 -0.3 -0.2 Total Returns (%) Total -3 An opportunistic allocation to US and Australian Govt Year Bond 7–10 France Italy Germany Spain Mexico Poland Japan UK China* Australia US Indonesia*S. Africa* duration added to returns. Sector A flattening of global yield curves was beneficial. 3.0 EU UK US EM Tactical positioning in inflation-linked bonds added 1.7 1.9 1.7 2.0 1.5 1.2 0.9 1.1 1.0 to returns. 1.0 0.6 Currency positioning was a positive, driven by an 0.0 overweight position in the Hungarian forint. Excess Returns (%) -0.3 -1.0 Euro Euro UK UK US US US US USD EM EM Corp HY Corp HY Corp MBS HY TIPS Sovereign Corp Portfolio Activity Currency 6 Reduced eurozone duration by cutting exposure 3.4 4.1 4 2.5 2.6 to longer-dated French government bonds early 2 0.5 0.9 1.4 in the quarter. 0 -2 -0.8 -0.8 -0.3 Reduced US and UK duration during the quarter -1.8 -1.3 -1.2 -4 -2.4 NOKAUD JPY INR GBP USD KRW CAD SEK CNY PLN MXN ZAR RUB as yields declined.
    [Show full text]
  • European Union, 2020
    08 Malone article.qxp_Admin 69-1 22/02/2021 15:06 Page 97 Administration, vol. 69, no. 1 (2021), pp. 97–109 doi: 10.2478/admin-2021-0008 European Union, 2020 Margaret Mary Malone Institute of Public Administration, Ireland The year was defined by the outbreak of the Covid-19 pandemic, which unleashed a public health crisis and an associated economic crisis unlike anything experienced in modern times in Europe and beyond. The disease triggered a combined negative supply and demand shock of unprecedented intensity and the EU entered unchartered territory. National and regional serial lockdowns were introduced in a bid to curb the spread of Covid-19 and avoid health systems becoming overwhelmed. In a show of solidarity commensurate with the unfolding economic emergency, EU member states agreed a financial stimulus package of some €1.8 trillion to rebuild the battered EU economy. The package comprised the EU’s budget, or Multi- annual Financial Framework (MFF), for the period 2021–7 plus a temporary novel recovery instrument, Next Generation EU (NGEU). Funds for NGEU are to be borrowed, exceptionally, by the European Commission on the international capital markets. This decision was a landmark departure for the EU. Developments in the institutions of the EU On 1 January Croatia began its presidency of the Council of the EU for six months. A member state since July 2013, this was the first time Croatia had presided over the Council. Its priorities were driven by an unwittingly prescient motto, ‘A strong Europe in a world of challenges’. On 1 July Germany took over the Council presidency with 97 08 Malone article.qxp_Admin 69-1 22/02/2021 15:06 Page 98 98 MARGARET MARY MALONE the challenge of combatting the economic, social and budgetary implications of Covid-19 front and centre.
    [Show full text]
  • EU Proposes COVID-19 Recovery Plan and [Further] Adjusted Work Programme
    Tax Policy Bulletin from Global Tax Policy EU proposes COVID-19 Recovery Plan and [further] adjusted Work Programme June 29, 2020 In brief The European Commission has proposed a detailed COVID-19 Recovery Plan which includes more taxes going directly to the European Union. In the short term, the European Union will borrow to finance Member State investment in what is effectively the multi-annual financial framework (MFF) for 2021- 2027. The framework will be discussed in the coming months and, if approved, put in place this year. There would be some knock-on effects on work previously planned for 2020 (as discussed in our earlier Bulletin of 7 May 2020), including a number of tax proposals. This Bulletin focuses on • the fairly immediate introduction of ‘green’ levies: an EU-wide emissions trading levy, non-recycled plastic packaging waste charge and a carbon border adjustment mechanism; • a EU single market tax on the 70,000 large companies with revenues over EUR 750m; • a digital tax in the event of the OECD-led digitalisation/ globalisation project not producing a suitable consensus among the near 140 members of the Inclusive Framework; • the delivery of planned 2020 projects, including an “Action Plan to fight tax evasion and to make taxation simple and easy” and a plan on “Business Taxation for the 21st century.“ In detail COVID-19 recovery fund and structuring repayments The European Council endorsed crisis funding to provide a safety net for workers, businesses and Member State governments of EUR 540bn on April 23, 2020. The European Commission has now proposed an emergency European recovery instrument, ‘Next Generation EU,’ amounting to a further EUR 750bn.
    [Show full text]
  • OPEN LETTER to EU Heads of State on Funding the Fight to End Violence Against Women and Girls
    OPEN LETTER To EU Heads of State on funding the fight to end violence against women and girls Brussels, 23 September 2020 Dear President of the European Council, Charles Michel Dear Head of Presidency of the Council, Chancellor Angela Merkel Dear EU Heads of State Dear Members of the European Parliament We, the undersigned, members of the European Coalition to end violence against women and girls consisting of civil society organisations, networks and trade unions fighting for gender equality and the rights of women and girls to live free from violence, are writing to you regarding the MFF 2021-2027 and Next Generation EU (NGEU). We urge all EU decision-makers to demonstrate their political leadership and commitment to protecting gender equality, women’s and girls’ rights, and eliminating violence against women and girls in all of its activities through increased funds to the Citizens, Equality, Rights and Values programme. We are pleased about the recent decision by the European Commission to reverse the 20% cuts of the budget to the Citizens, Equality, Rights and Values Programme, which is now proposed at €638 million (current prices). These commitments were further welcomed by the European Council following the July 2020 Special Meeting, who supported the Commission’s 2018 proposed amount of €841 million (2018 prices) to the Justice, Rights and Values Fund. In light of the European Parliament’s vote to withhold its consent for the MFF on 23 July 2020, we urge EU decision-makers to swiftly come to an ambitious agreement and meet the Parliament’s demands for targeted increases to flagship programmes, including tripling the amount allocated to the Citizens, Equality, Rights and Values programme to €1.83 billion (current prices).
    [Show full text]
  • Public Certification Report
    FOOD CERTIFICATION INTERNATIONAL LTD Findhorn House, Dochfour Business Centre, Dochgarroch, Inverness, IV3 8GY, Scotland, UK Tel: +44 (0) 1463 223 039 Fax: +44 (0) 1463 246 380 www.foodcertint.com MSC SUSTAINABLE FISHERIES CERTIFICATION Erzeugergemeinschaft der Nord- und Ostseefischer GmbH Eastern Baltic cod Public Certification Report July 2011 Prepared For: Erzeugergemeinschaft der Nord- und Ostseefischer GmbH Prepared By: Food Certification International Ltd version 1.3 (06/01/11) FOOD CERTIFICATION INTERNATIONAL LTD Public Certification Report July 2011 Authors: P. Medley, F. Nimmo, S. Sverdrup-Jensen, A. Hervás, N. Pfeiffer Certification Body: Client: Food Certification International Ltd Erzeugergemeinschaft der Nord- und Ostseefischer GmbH Address: Address: Findhorn House 27472 Cuxhaven Dochfour Business Centre Germany Dochgarroch Inverness IV3 8GY Scotland, UK Name: Melissa McFadden Name: Jörg Petersen Tel: +44(0) 1463 223 039 Tel: +49 (4721) 64911 Email: [email protected] Email: [email protected] Web: www.foodcertint.com MSC SUSTAINABLE FISHERIES July 2011 Public Certification Report – Erzeugergemeinschaft der Nord- und Ostseefischer GmbH Eastern Baltic cod FOOD CERTIFICATION INTERNATIONAL LTD Contents Glossary of Terms ......................................................................................................................... i Summary ..................................................................................................................................... 1 1. Introduction ...........................................................................................................................
    [Show full text]
  • Ten Issues to Watch in 2021
    ISSN 2600-268X Ten issues to watch in 2021 IN-DEPTH ANALYSIS EPRS | European Parliamentary Research Service Author: Étienne Bassot Members' Research Service PE 659.436 – January 2021 EN This EPRS publication seeks to offer insights and put into context ten key issues and policy areas that are likely to feature prominently on the political agenda of the European Union in 2021. It has been compiled and edited by Isabelle Gaudeul-Ehrhart of the Members' Research Service, based on contributions from the following policy analysts: Marie-Laure Augère and Anna Caprile (Food for all? Food for thought), Denise Chircop and Magdalena Pasikowska-Schnass (Culture in crisis?), Costica Dumbrava (A new procedure to manage Europe's borders), Gregor Erbach (A digital boost for the circular economy), Silvia Kotanidis (Conference on the Future of Europe, in the introduction), Elena Lazarou (A new US President in the White House), Marianna Pari (The EU recovery plan: Turning crisis into opportunity?), Jakub Przetacznik and Nicole Scholz (The vaccine race for health safety), Ros Shreeves and Martina Prpic (Re-invigorating the fight against inequality?), Branislav Staniček (Turkey and stormy waters in the eastern Mediterranean) and Marcin Szczepanski (Critical raw materials for Europe). The cover image was produced by Samy Chahri. Further details of the progress of on-going EU legislative proposals, including all those mentioned in this document, are available in the European Parliament's Legislative Train Schedule, at: http://www.europarl.europa.eu/legislative-train/ LINGUISTIC VERSIONS Original: EN Translations: DE, FR Manuscript completed in January 2021. DISCLAIMER AND COPYRIGHT This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work.
    [Show full text]
  • Financing Social and Cohesion Policy in an Enlarged EU: Plus Ça Change, Plus
    Financing social and cohesion policy in an enlarged EU: plus ça change, plus c’est la même chose? Adrian Kay* and Robert Ackrill**1 * Department of Politics and Public Policy Post-PrintNathan Campus Griffith University 170 Kessels Road Brisbane, Qld 4111 AUSTRALIA Tel: 00 61 7 3735 7722 e-mail: [email protected] ** Corresponding Author Division of Economics Nottingham Business School Burton Street Nottingham NG1 4BU UK Tel: 00 44 115 848 4234 e-mail: [email protected] 0 Financing social and cohesion policy in an enlarged EU: plus ça change, plus c’est la même chose? Abstract The development of the Open Method of Co-ordination, agreement on the Lisbon Agenda and EU enlargement offered the prospect of a new and substantial EU social Post-Printpolicy agenda. This paper considers EU social and cohesion policies in the context of the recent negotiation of the EU budget for 2007-2013. We find the Commission’s wish to redistribute EU spending in favour of these policy areas and new member states was thwarted by key political features of EU budget-making: CAP spending levels that are downwardly sticky; institutional arrangements that provide for budget- making as, at best, a zero-sum game; and the preferences of contributor member states in the EU15 to contain overall spending whilst preserving their net budget positions. Questions are thus raised as to the ability of the EU to make any progress, from a budgetary perspective, on the social and cohesion policy agenda in an enlarged EU. Keywords EU social and cohesion policies; Financial Perspectives; EU enlargement; budget constraints 1 Introduction In February 2004, the European Commission presented proposals for a new Financial Perspective for the period 2007-2013 that sought to re-structure EU spending.
    [Show full text]
  • G/SPS/N/EU/402/Add.1 7 April 2021
    G/SPS/N/EU/402/Add.1 7 April 2021 (21-2859) Page: 1/2 Committee on Sanitary and Phytosanitary Measures Original: English NOTIFICATION Addendum The following communication, received on 6 April 2021, is being circulated at the request of the Delegation of the European Union. _______________ Model official certificates, official attestations and model declarations for certain categories of terrestrial animals and germinal products The proposal notified in G/SPS/N/EU/402 (28 July 2020) is now adopted by Commission Implementing Regulation (EU) No 2021/403 of 24 March 2021 laying down rules for the application of Regulations (EU) 2016/429 and (EU) 2017/625 of the European Parliament and of the Council as regards model animal health certificates and model animal health/official certificates, for the entry into the Union and movements between member states of consignments of certain categories of terrestrial animals and germinal products thereof, official certification regarding such certificates and repealing Decision 2010/470/EU (Text with EEA relevance) [OJ L 113, 31 March 2021, p. 1]. The Implementing Regulation shall apply from 21 April 2021. https://members.wto.org/crnattachments/2021/SPS/EEC/21_2480_00_e.pdf https://members.wto.org/crnattachments/2021/SPS/EEC/21_2480_00_f.pdf https://members.wto.org/crnattachments/2021/SPS/EEC/21_2480_00_s.pdf This addendum concerns a: [ ] Modification of final date for comments [X] Notification of adoption, publication or entry into force of regulation [ ] Modification of content and/or scope of previously notified draft regulation [ ] Withdrawal of proposed regulation [ ] Change in proposed date of adoption, publication or date of entry into force [ ] Other: Comment period: (If the addendum extends the scope of the previously notified measure in terms of products and/or potentially affected Members, a new deadline for receipt of comments should be provided, normally of at least 60 calendar days.
    [Show full text]
  • Evaluation of Forecasting Services of the Directorate General Economic and Financial Affairs
    Evaluation of Forecasting Services of the Directorate General Economic and Financial Affairs Final Report December 2007 Evaluation of Forecasting Services of the Directorate General Economic and Financial Affairs Final Report December 2007 ADE s.a. Rue de Clairvaux, 40 B-1348 Louvain-la-Neuve Belgium Tel.: +32 10 45 45 10 Fax: +32 10 45 40 99 E-mail: [email protected] Web: www.ade.be This report has been prepared by ADE and DIW at the request of the European Commission. The views expressed are those of the Consultant and do not represent the official views of the European Commission. EVALUATION OF FORECASTING SERVICES OF DG-ECFIN ADE-DIW Table of Contents LIST OF ACRONYMS EXECUTIVE SUMMARY 1. INTRODUCTION ........................................................................................................1 1.1 OBJECTIVE AND SCOPE OF THE EVALUATION ......................................................................... 1 1.2 METHODOLOGICAL APPROACH AND ORGANISATION............................................................ 2 1.3 STRUCTURE OF THE DRAFT FINAL REPORT............................................................................. 3 2. OVERALL FRAMEWORK OF THE FORECASTING ACTIVITIES OF DG ECFIN.............. 5 2.1 THE COMMISSION SERVICES' FORECASTING IN EU BUDGETARY SURVEILLANCE AND ECONOMIC POLICY COORDINATION................................................................................. 5 2.2 THE FORECASTING ACTIVITIES ................................................................................................ 10 2.3 THE
    [Show full text]
  • Reading Between the Lines of Council Agreement on the MFF and Next Generation EU Jorge Núñez Ferrer
    No 2020-18 / July 2020 Reading between the lines of Council agreement on the MFF and Next Generation EU Jorge Núñez Ferrer Abstract The recent agreement on the EU budget is an unprecedented and historic achievement for the European Union. It has broken a taboo and advanced the integration process. We all saw that the negotiations were arduous, but given the magnitude of the challenge facing the heads of state and government, it would have been naïve to expect otherwise. It is virtually impossible to find a comparable agreement between numerous countries in any other part of the world; by this measure alone it is impressive. Having said that, what has been agreed is complex and bewildering to many. While attention has focused on the Next Generation EU, the agreement also includes the ‘normal’ multiannual financial framework (MFF) 2021-27. Comments to the effect that the EU has deleted all funding for health, or much of the research budget, are based on the Next Generation EU ‘temporary’ measure and not on the underlying MFF. This paper aims to present a brief rundown of the actual changes in numbers and reflect on the meaning of the agreement. Jorge Núñez Ferrer is a Senior Research Fellow at CEPS. CEPS Policy Insights offer analyses of a wide range of key policy questions facing Europe. As an institution, CEPS takes no position on questions of European policy. Unless otherwise indicated, the views expressed are attributable only to the author in a personal capacity and not to any institution with which he is associated. Available for free downloading from the CEPS website (www.ceps.eu) © CEPS 2020 CEPS ▪ Place du Congrès 1 ▪ B-1000 Brussels ▪ Tel: (32.2) 229.39.11 ▪ www.ceps.eu 2 | JORGE NÚÑEZ FERRER In a nutshell, the major decisions taken are the following: a) The level of grants in Next Generation EU was cut from €500 billion to €390 billion.
    [Show full text]