THINK TANK REVIEW NOVEMBER 2020 Council Library ISSUE 83
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lllllllllllllllllllllllllllllllll Council of the European Union General Secretariat THINK TANK REVIEW NOVEMBER 2020 Council Library ISSUE 83 This Think Tank Review* covers articles and reports published in October relating to different political and policy topics (twitter link). Covid-19 reports analyse the various methods and policies the EU is using to finance and promote economic recovery, explaining: that the recovery fund will lead the way out of the crisis and will set the course shaping European integration, with the European Parliament being more closely involved in the deployment of the fund; recovery spending is a high-stakes challenge and could be derailed by fuzzy objectives or overloaded procedures; if grants and loans in the next generation fund are well targeted, growth and confidence could be boosted in the future; the impact of the ECB's monetary policies in stopping the pandemic from infecting European sovereign debt markets; a possible Europeanisation of health policy and the newly proposed EU4Health programme, as well as the role of teleworking in bolstering economic activity; and that the EU is increasingly caught in international crossfire as Covid-19 intensifies global economic competition, in particular the rivalry between the US and China. EU INSTITUTIONS AND POLICY AREAS Jean-Claude Juncker shares his views on different issues, for instance how we can create an "affectio societatis", a feeling of belonging to this Union; if Europe should assert itself more on the world stage; how the member states can move forward on the sensitive issue of European defence; and if it is preferable to seek consensus at all costs. Thomas Wieser writes about the role for the European Semester in the recovery plan, noting that questions on governance and implementation of the Recovery and Resilience Facility are becoming increasingly important as the RRF is the main component of the EUR 750 bn “Next Generation EU”, and adding that it is obvious that the full reform and recovery impact of the programmes and the funds can only be achieved against the background of high quality and precise national plans that have a broad political backing in the respective member state. Also, on Economic and Financial Affairs, papers analyse the role of asset purchase programmes in the ECB’s toolkit and the potential associated risks; ask if the relaxation of capital and liquidity buffers has worked in practice; study the distributive effects of the monetary policy measures recently applied by the ECB; and raise the issue of whether the euro deserves a greater international role, justified by the size of the European economy and the importance of its international trade and financial markets. On Justice and Home Affairs, publications discuss the ways in which data can currently be requested, disclosed and exchanged and the challenge of data exploitation in the commercial and political context through microtargeting; assess the enforcement of the OECD anti-bribery Convention; and explore how to cement European divisions with regard to migration. * This collection of abstracts and links was compiled by the Council Library of the General Secretariat of the EU Council for information purposes only. The content links are the sole responsibility of their authors. Publications linked from this review do not represent the positions, policies or opinions of the Council of the EU or the European Council. On Foreign Affairs, reports advance bold ideas to reimagine the Alliance after the 2020 US election; wonder how to turn the tide to rescue transatlantic cooperation; and reflect on the related choices and strategies for 2021 and beyond. Papers examine how the rivalries between the USA and China structure many areas, in particular that of the exchange of sensitive technologies, which is a crucial issue for European companies. Reports comment on China's ambitions to hit peak greenhouse gas emissions before 2030 and become carbon neutral by 2060, and on the fact that China’s carbon neutrality goal spells competition for the EU in the market for low-carbon technology. The TTR can be downloaded from Council's Library blog. TTR articles are available via Eureka, the resource discovery service of the Council Libraries. The Council Library is open to staff of the EU institutions and Permanent Representations of the member states. The general public may use the Library for research purposes. It is located in the Justus Lipsius building, at JL 02 GH, Rue de la Loi 175, 1048 Brussels. Contact: [email protected] TABLE OF CONTENTS SPECIAL FOCUS 4 COVID-19 5 SECTION 1 - EU POLITICS AND INSTITUTIONS 11 SECTION 2 - EU POLICIES 12 Agriculture and Fisheries 12 Competitiveness (Internal Market, Industry, Research and Space) 12 Economic and Financial Affairs 13 Employment / Social Policy / Health and Consumer Affairs 16 Environmental Issues 16 General Affairs 18 Justice and Home Affairs 18 Transport / Telecommunications / Energy 19 SECTION 3 - FOREIGN AFFAIRS 22 Foreign and Security Policy / Defence 22 Development 25 Trade 26 Africa 26 Asia-Oceania 27 Eastern Partnership 27 Middle East / North Africa (MENA) 28 Western Balkans 28 China 29 Russia 30 Turkey 30 United Kingdom / Brexit 30 United States of America 31 SECTION 4 - EU MEMBER STATES 32 Czechia 32 Germany 32 Ireland 32 Greece 33 Spain 33 France 33 Italy 34 Hungary 34 Finland 34 SPECIAL FOCUS 4/34 SPECIAL FOCUS decision role in the EU’s crisis policy instruments. (8 p.) CENTRUM STOSUNKÓW MIĘDZYNARODOWYCH (CENTRE FOR INTERNATIONAL RELATIONS) Pandemia 2020. Świat do góry nogami by Adriana Łukaszewicz The rapid spread of the virus has become a catalyst for new political, economic and social processes. The low efficacy of counter-measures only enhances the ongoing changes. The report presents five COVID-19 key global challenges in the times of pandemics and suggests a few approaches EUROPEAN POLICY CENTRE / KONRAD- for possible solutions. (PL - 25 p.) ADENAUER-STIFTUNG / IFOK ΕΛΛΗΝΙΚO IΔΡΥΜΑ ΕΥΡΩΠΑΪΚHΣ ΚΑΙ High hopes, low expectations - Brussels’ ΕΞΩΤΕΡΙΚHΣ ΠΟΛΙΤΙΚHΣ (HELLENIC perspective on the future of Europe after FOUNDATION FOR EUROPEAN FOREIGN Covid-19 POLICY) This report presents the results of a study Η Ευρωπαϊκή αλληλεγγύη στην εποχή του undertaken between July and August 2020 Covid-19 including a survey and personal interviews with high-level Brussels-based stakeholders. by Lorenzo Cicchi, Philipp Genschel, Anton Hemerijck et al. The survey and interviews focused on three thematic blocks: the impact of the Covid-19 The July European Council reached an crisis on the EU; the Brussels community’s historic agreement on the €750 billion expectations for the German Council recovery fund. This analysis is based on a Presidency; and the Brussels-based European survey conducted in 13 European stakeholders’ views on the perspectives and countries and the UK. The survey results content of the Conference on the future of demonstrate that support in European Europe. (18 p.) solidarity varies by geographical distance, by issue, and by the perceived net-benefit to the own country. Support is also motivated by STIFTUNG WISSENSCHAFT UND POLITIK mutual benefit expectations rather than moral obligation or common identity. (EL - The European Parliament’s involvement in 10 p.) the EU response to the corona pandemic. A spectator in times of crisis WORLD ECONOMIC FORUM / MERCER by Nicolai von Ondarza @NvOndarza Resetting the future of work agenda: The author argues the EU recovery fund will disruption and renewal in a post-Covid set the course that will shape European world integration. Nevertheless, despite its budgetary rights, the European Parliament The report is intended as a call to action for (EP) has remained an onlooker for most of companies and organizations globally to these decisions. In order to strengthen update and reset their future of work democratic legitimacy and the European preparedness agendas for a more relevant perspective, the EP should be more closely and inclusive post-pandemic “new” future of involved in the EU recovery fund in the short work. It brings together key insights and term, and in the long term be given a co- lessons from the Covid-19 crisis response of the World Economic Forum’s broader 5/34 SPECIAL FOCUS industry community to imagine and set out an “more European” tasks which the Union updated future of work company action should focus on. (7 p.) agenda for a post-Covid world. (31 p.) CENTRE FOR EUROPEAN POLICY INSTITUTE FOR GOVERNMENT STUDIES Support for business during the Who will really benefit from the Next coronavirus crisis Generation EU funds? by Gemma Tetlow @gemmatetlow and Grant Dalton by Cinzia Alcidi @AlcidiCinzia, Daniel Gros @DanielGrosCEPS and Francesco Corti This report summarises how national and @f_corti1992 subnational governments in nine advanced economies have so far supported Southern and central-eastern European businesses during the crisis through grants, countries will be the biggest beneficiaries of tax cuts and tax deferrals, loans and equity financial support under the new EU recovery stakes. (39 p.) and resilience facility and react-EU, as well as of the new Multiannual Financial Framework (MFF). Two main risks might INSTITUT DER DEUTSCHEN WIRTSCHAFT reduce the economic impact of these (IW, KÖLN) GERMAN ECONOMIC instruments, however: the traditionally slow INSTITUTE absorption rate of European structural Vertrauen in Mitmenschen lohnt sich investment funds and limits to the capacity of Ursachen und Konsequenzen von national governments to