The Case of the Visegrad Group
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EU Commission Presidency Candidates: Taxation Will Remain High up on EU’S Agenda
BRUSSELS I 6 MAY 2019 EU Commission Presidency Candidates: Taxation Will Remain High Up on EU’s Agenda In the run up to the EU elections, Politico Europe, Maastricht University and the European Youth Forum organised the Maastricht debate between the likely candidates for the post of EU Commission president. The debate was particularly aiming to target students and young Europeans, and in addition to digitalisation, climate change and sustainability, taxation was among the topics that raised interest and debate. Bas Eickhout (Netherlands, The Greens), Jan Zahradil (Czech Republic, Alliance of Conservatives and Reformists in Europe), Frans Timmermans (The Netherlands, Socialists & Democrats), Guy Verhofstadt (Belgium, Alliance of Liberals and Democrats for Europe) and Violeta Tomić (Slovenia, Party of the European Left) met in Maastricht, with the notable absence of the Conservative frontrunner, Manfred Weber (Germany, European People’s Party) who chose to attend instead a Munich event celebrating the 80th birthday of Theo Waigel, a former German finance minister. Weber did attend another debate in Florence subsequently, where much of the discussions were revolving around the collective security and the need for a separate European army. All candidates at the Maastricht debate expressed their support for more regulation of the American tech companies operating in the Single Market as a matter of priority. Considering the public interest in the regulatory and enforcement powers of the European Commission vis-a-vis these businesses, it is likely that many related policy areas such as taxation, copyright and data protection will continue to be high-up on the next Commission’s agenda. With great power more responsibility should have come, apparently. -
European Stability Mechanism
~FACTSHEET~ European Stability Mechanism The Treaty establishing the European Stability Mechanism (ESM) has been ratified by all 17 euro area member states. It entered into force on 27 September 2012, nine months earlier than initially foreseen 1. The treaty was signed by euro area member states on 2 February 2012. The ESM board of governors held its inaugural meeting on 8 October 2012. The ESM is an intergovernmental institution based in Luxembourg, set up to provide financial assistance to eurozone member states experiencing, or being threatened by, severe financing problems, if this is indispensable for safeguarding financial stability in the euro area as a whole. The initial maximum lending capacity of the ESM is set at €500 billion. This is achieved with subscribed capital of €700 billion (€ 80 billion paid-in capital, the rest callable). A first version of the treaty was signed on 11 July 2011, but it was subsequently modified to incorporate decisions taken by the heads of state and government of the euro area on 21 July and 9 December 2011 to improve the effectiveness of the mechanism. As a permanent mechanism, the ESM will take over the tasks currently fulfilled by the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). With the accelerated entry into force, the ESM will now operate alongside the EFSF for nine months. In March 2012, the Eurogroup agreed to raise the overall ceiling for ESM/EFSF lending to €700 billion 2. Already during the transitional period, until mid-2013, the ESM will be the main instrument for the financing of new programmes. -
The Future of Europe the Eurozone and the Next Recession Content
April 2019 Chief Investment Office GWM Investment Research The future of Europe The Eurozone and the next recession Content 03 Editorial Publication details This report has been prepared by UBS AG and UBS Switzerland AG. Chapter 1: Business cycle Please see important disclaimer and 05 Cyclical position disclosures at the end of the document. 08 Imbalances This report was published on April 9 2019 10 Emerging markets Authors Ricardo Garcia (Editor in chief) Chapter 2: Policy space Jens Anderson Michael Bolliger 14 Institutional framework Kiran Ganesh Matteo Ramenghi 16 Fiscal space Roberto Scholtes Fabio Trussardi 19 Monetary space Dean Turner Thomas Veraguth Thomas Wacker Chapter 3: Impact Contributors Paul Donovan 23 Bond markets Elisabetta Ferrara Tom Flury 26 Banks Bert Jansen Claudia Panseri 29 Euro Achim Peijan Louis Pfau Giovanni Staunovo Themis Themistocleous Appendix Desktop Publishing 32 The evolution of the EU: A timeline Margrit Oppliger 33 Europe in numbers Cover photo 34 2020–2025 stress-test scenario assumptions Gettyimages Printer Neidhart + Schön, Zurich Languages English, German and Italian Contact [email protected] Order or subscribe UBS clients can subscribe to the print version of The future of Europe via their client advisor or the Printed & Branded Products Mailbox: [email protected] Electronic subscription is also available via the Investment Views on the UBS e-banking platform. 2 April 2019 – The future of Europe Editorial “Whatever it takes.” These words of Mario Draghi’s marked the inflection point in the last recession and paved the way to the present economic recovery. But as the euro celebrates its 20th birthday, the world and investors are beset again by recessionary fears, with risks mounting and likely to continue doing so in the coming years. -
Reform of the European Stability Mechanism
Reform of the European Stability Mechanism The European Stability Mechanism’s (ESM’s) Nevertheless, on 30 November 2020, the Eurogroup agreed to proceed with the reform of the ESM. The reform entails aim is to provide financial assistance to EU a number of new tasks for the ESM and will further develop member states experiencing or threatened the ESM measures and strengthen the role of the ESM in the by severe financial problems. Like its oversight of financial assistance programmes. It also provides for establishing a funding tool to the Single Resolution Fund predecessor, the temporary European (SRF) in the form of a credit line from the ESM to replace Financial Stability Facility (EFSF), the ESM the direct recapitalisation instrument, providing a financial safety net for bank resolutions in the EU, which will help to provides financial assistance, which is granted protect financial stability and is regarded as a step forward to only if it is proven necessary to safeguard the a Banking Union. financial stability of the euro area as a whole At present, according to the current ESM Treaty, the ESM can and of the ESM members. only lend to governments. Therefore, as SRF is a European institution (seated in Luxembourg), the ESM is not permitted To achieve this aim, the ESM relies on several instruments, to lend to the SRF. As a result of reforming the ESM Treaty, including loans within a macroeconomic adjustment financial instruments will be adapted. In particular, the programme, such as the one used by Cyprus, Greece, Ireland precautionary credit line will be made easier to use. -
Europe's Two-Faced Authoritarian Right FINAL.Pdf
1 Europe’s two-faced authoritarian right: ‘anti-elite’ parties serving big business interests 15 May 2019 INTRODUCTION If the more pessimistic projections are to be believed, authoritarian right-wing politicians will do well in the upcoming European Parliament elections, reflecting a surge in EU scepticism and disillusionment with establishment parties, many of whom have overseen a decade or more of punishing austerity. These authoritarian right parties are harnessing this disillusionment using the rhetoric of ending corruption, tackling ‘elite’ interests, regaining ‘national’ dignity and identity, and defending the rights of ‘ordinary people’. However, the contrast between this rhetoric and their actual actions is stark. From repressive laws to dark money funding; from corruption scandals to personal enrichment; from corporate deregulation to enabling tax avoidance, the defence of ‘elite’ interests disguised as the defence of disaffected classes is a defining characteristic of Europe’s rising authoritarian right parties. After the election, Europe could well see the formation of a new axis by these parties across the EU institutions, simultaneously becoming a significant force in the European Parliament, while having a strong voice in the Council and European Council, and nominating like-minded commissioners to the EU’s executive. Such an alliance could undermine or prevent action to tackle some of the most pressing issues facing us such as climate change, whilst working against workers’ rights, and measures to regulate and tax business -
Chapter 1 the Present and Future of the European Union, Between the Urgent Need for Democracy and Differentiated Integration
Chapter 1 The present and future of the European Union, between the urgent need for democracy and differentiated integration Mario Telò Introduction The European Union has experienced an unprecedented multi-dimensional and prolonged crisis, a crisis which cannot be understood in isolation from the international context, with major global economic changes to the detriment of the West. Opinions differ as to the overall outcome of the European policies adopted in recent years to tackle the crisis: these policies saved the single currency and allowed for moderate growth, but, combined with many other factors, they exacerbated the crisis of legitimacy. This explains the wave of anti-European sentiment in several Member States and the real danger that the European project will collapse completely. This chapter analyses the contradictory trends at play and examines more closely how to find a way out of this crisis – a way which must be built around the crucial role of the trade union movement, both in tackling Euroscepticism and in relaunching the EU. This drive to strengthen and enhance democracy in the euro area, and to create a stronger European pillar of social rights, will not be successful without new political momentum for the EU led by the most pro-European countries. The argument put forward in this chapter is that this new European project will once again only be possible using a method of differentiated integration. This paper starts with two sections juxtaposing two contradictory sets of data. On the one hand, we see the social and institutional achievements of the past 60 years: despite everything, the EU is the only tool available to the trade union movement which provides any hope of taming and mitigating globalisation (Section 1). -
Notice of Vacancy Seconded National Experts to The
Form DG.1 (EN) NOTICE OF VACANCY SECONDED NATIONAL EXPERTS TO THE EUROPEAN COMMISSION Post identification: ECFIN-CEF.CPE.02 (DG-DIR-UNIT) Directorate-General: Economic and Financial Affairs (ECFIN) Directorate: ECFIN.EFC.EPC - Secretariat of the Economic and Unit: Financial Committee and of the Economic Policy Committee and Eurogroup/EWG ECFIN.EFC.EPC.02 - Secretariat for the Eurogroup/EWG Head of Unit: Moisés ORELLANA Telephone: +32 2 29 69933 Number of available posts: 1 Category: Administrator (AD) Suggested taking up duty: 3rd quarter 20171 Suggested initial duration: 2 year(s)1 Place of secondment: Brussels Luxembourg Other: ……….. Specificities: With allowances COST-FREE This vacancy notice is also open to the following EFTA countries : Iceland Liechtenstein Norway Switzerland EFTA-EEA In-Kind agreement (Iceland, Liechtenstein, Norway) the following third countries: the following intergovernmental organisations: 1 Nature of the tasks: We are looking for a colleague to join a friendly and challenging work environment in a dynamic team of 10 people. The Seconded National Expert would contribute to the smooth running of the Unit, which serves as the Secretariat for the Eurogroup and the Eurogroup Working Group (EWG). The latter is composed of high-level representatives from Finance Ministries of euro area Member States and has as tasks to keep under review the economic and financial situation of the euro area Member States and to contribute to the preparation of the Eurogroup meetings. The successful candidate will contribute to the efficient preparation of meetings of the Eurogroup and the EWG. She/he will also contribute to the preparation of meetings of ECOFIN Council and the Economic and Financial Committee (EFC), as appropriate. -
The European Union: Questions and Answers
The European Union: Questions and Answers Updated October 27, 2020 Congressional Research Service https://crsreports.congress.gov RS21372 SUMMARY RS21372 The European Union: Questions and Answers October 27, 2020 The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The EU is the latest stage in a process of integration Kristin Archick begun after World War II, initially by six Western European countries, to foster interdependence Specialist in European and make another war in Europe unthinkable. The EU currently consists of 27 member states, Affairs including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. How the EU Works The EU has been built through a series of binding treaties. Over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union; a single market in which capital, goods, services, and people move freely; a common trade policy; and a common agricultural policy. Nineteen EU member states use a common currency (the euro), and 22 member states participate in the Schengen area of free movement in which internal border controls have been eliminated. In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA) to forge common internal security measures. Member states work together through several EU institutions to set policy and to promote their collective interests. -
Covid 19 Angle’
STUDY Studies with a ‘Covid 19 angle’ Policy Department for Citizens’ Rights and Constitutional Affairs Directorate-General for Internal Policies PE 694.625 - June 2021 EN Studies with a ‘Covid 19 angle’ Abstract When the pandemic loomed over us in spring 2020, we asked experts to analyze whether it was possible to introduce a Covid angle into their studies. In many cases, it seemed prima facie a bit far-fetched. However, it soon became apparent that even in our area of work there were interesting aspects to investigate. This publication groups together the most relevant parts of the studies published so far and in which a Covid 19 angle has been presented and discussed. AUTHORS ADMINISTRATOR RESPONSIBLE Miguel TELL CREMADES EDITORIAL ASSISTANT Sofia PAPADOPOULOU LINGUISTIC VERSION Original: EN ABOUT THE EDITOR Policy departments provide in-house and external expertise to support EP committees and other parliamentary bodies in shaping legislation and exercising democratic scrutiny over EU internal policies. To contact the Policy Department or to subscribe for updates, please write to: Policy Department for Citizens’ Rights and Constitutional Affairs European Parliament B-1047 Brussels Email: [email protected] Manuscript completed in June 2021 © European Union, 2021 This document is available on the internet at: http://www.europarl.europa.eu/supporting-analyses DISCLAIMER AND COPYRIGHT The opinions expressed in this document are the sole responsibility of the authors and do not necessarily represent the official position of the European 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. -
The European Union: Current Challenges and Future Prospects
The European Union: Current Challenges and Future Prospects Updated February 27, 2017 Congressional Research Service https://crsreports.congress.gov R44249 The European Union: Current Challenges and Future Prospects Summary The European Union (EU) is a unique partnership in which member states have pooled sovereignty in certain policy areas and harmonized laws on a wide range of economic and political issues. The EU is the latest stage in a process of European integration begun after World War II, initially by six Western European countries, to promote peace, security, and economic development. The EU currently consists of 28 member states, including the formerly communist countries of Central and Eastern Europe. EU members share a customs union; a single market in which goods, services, people, and capital move freely (known as the “four freedoms”); a common trade policy; a common agricultural policy; and a common currency (the euro), which is used by 19 member states (collectively referred to as the “eurozone”). Twenty-two EU members participate in the Schengen area of free movement, in which individuals may travel without passport checks. In addition, the EU has taken steps to develop common foreign and security policies, has sought to build common internal security measures, and remains committed to enlargement, especially to the countries of the Western Balkans. The EU is largely viewed as a cornerstone of European stability and prosperity. Currently, however, the EU faces a range of political and economic pressures, including slow growth and persistently high unemployment in many EU countries, as well as the rise of populist political parties, at least some of which harbor anti-EU or “euroskeptic” sentiments. -
SPRING 2021 ACTIVITIES January 2021 February 2021
SPRING 2021 ACTIVITIES January 2021 February 2021 ● Tuesday, Jan. 26 | 1:00 pm - 2:00 pm Thursday, Feb. 4 | 12:00 pm—1:00 pm EDT Jean Monnet in the US Webinar Jean Monnet in the US Webinar The European Union and Youth Employment Update on Brexit Birgit Daiber, Member of the European Parliament (MEP) Anand Menon, Prof. of European Politics and Foreign Affairs, King's College London ● Tuesday, Jan. 26 | 2:00 pm - 3:00 pm Jean Monnet in the US Webinar Wednesday, Feb. 10 | 3:00 pm—4:00 pm EDT The United Kingdom’s Foreign Policy in Post-Brexit World Jean Monnet in the US Webinar , UK Ambassador to the United States Karen Pierce Anti-Gender Politics and Rightwing Populism in Poland Elżbieta Korolczuk, Associate professor in sociology ● Wednesday, Jan. 27, 2021 | 12:00 pm - 1:30 pm Södertörn University in Stockholm and American Studies Center, Warsaw University Jean Monnet in the US Webinar Transatlantic Relations After the Trump Administration H.E. Federica Mogherini, High Representative of the European Union for Foreign Affairs & Security Policy ● Thursday, Feb. 18 | 12:00 pm - 1:30 pm (2014-2019), and Rector, College of Europe Conversations on Europe | Virtual Creating Europe Through the Built Environment Thursday, Jan. 28 | 10:00 am—11:15 am Jean Monnet in the US Webinar Tuesday, Feb. 23| 10:30 am—11:30 am Reinventing Leadership in the Transatlantic Relationship Jean Monnet in the US Webinar H.E. Federica Mogherini, High Representative of the The EU Policy on Digitization (of Art Collections) European Union for Foreign Affairs & Security Policy (2014-2019), and Rector, College of Europe Tuesday, Feb. -
A Euro Area Budget: Another Seedling?
Maastricht Law Faculty of Law 201/0 Maastricht Centre for European Law 201/0 MCEL Working Paper series A Euro area budget: another seedling? Dr. M. van der Sluis* Table of Contents 1. Introduction .............................................................................................................................................. 2 2. Plans for a Euro (Area) budget ................................................................................................................. 4 2.1. The Four and Five Presidents’ reports ............................................................................................ 4 2.2. The European Parliament Resolution ............................................................................................. 4 2.3. The Commission proposals (2018) .................................................................................................. 5 2.4. The Meseberg Declaration & the New Hanseatic League .............................................................. 6 2.5. The Eurogroup agreements on the BICC ........................................................................................ 8 2.6. The Commission proposal (2019) ................................................................................................... 8 2.7. The Eurogroup’s October Term Sheet ............................................................................................ 9 3. Legal aspects of the BICC .......................................................................................................................