The Resettlement Framework, currently in the final
stages of negotiations, holds the potential to shape
how the European Union (EU) will welcome asylum
seekers in future. With this new piece of legislation,
the European Union attempts to approach resettlement
in a systematic, structural and sustainable way. If
administered boldly, it is an opportunity for the EU to
offer a safe way for individuals in need of international
protection to access asylum in the member states.
Albania and the former Yugoslav Republic of Macedonia had their work cut out by yesterday’s General Affairs Council (CAG) to be able to formally open accession negotiations with the EU at the earliest in June, next year. This conditional offer reflects the rigour that presently defines the enlargement process, which seeks to prevent the Balkan countries from prematurely entering the EU. However, laying down such a hard line for Tirana and Skopje at this moment risks undermining the credibility of enlargement policy at a time when it is most needed, both in these countries and in the rest of the...
Emmanouilidis, Janis A.
Despite all the public attention it received, the 28-29 June EU Summit will not make it into history books. There had been hopes that this European Council would be an important milestone on the path to elaborating a 'win-win package deal' reflecting the distinct interests and concerns of all member states – but it was not. It made progress, but it failed to live up to expectations, even though major issues for the future of Europe were up for discussion: migration, Economic and Monetary Union reform, security and defence.
EU leaders once again postponed many critical decisions until the end of...
Andguladze, Ana; Paul, Amanda
2018 is a momentous year for Georgia: it marks the
100th anniversary of the first Democratic Republic of
Georgia. It is also the 10th anniversary of the war with
Russia (August 2008) and of the Bucharest Summit,
when Tbilisi was promised a seat at NATO’s table.
Finland sees Russia as a source of opportunities and threats. On the one hand, Russia is an important trade partner and Finland believes that intensive political contacts with Russia provide a boost for its international profile as a non-aligned broker between the West and Russia. On the other hand, Finland is concerned by the Russian vision of the international order based on great powers’ spheres of influence, and by Russia’s increasing military capabilities. This is why Finland’s strategy towards Russia is a combination of economic and political co-operation, aimed at reducing the risk of bilateral tensions, and military deterrence. Finland...
Pupillo, Lorenzo; Ferreira, Afonso; Varisco, Gianluca
This report puts forward the analysis and recommendations for the design and implementation of a forward-looking policy on software vulnerability disclosure (SVD) in Europe. It is the result of extensive deliberations among the members of a Task Force formed by CEPS in September 2017, including industry experts, representatives of EU and international institutions, academics, civil society organisations and practitioners.
Drawing on current best practices throughout Europe, the US and Japan, the Task Force explored ways to formulate practical guidelines for governments and businesses to harmonise the process of handling SVD throughout Europe. These discussions led to policy recommendations addressed to member...
Pupillo, Lorenzo; Ferreira, Afonso; Varisco, Gianluca
A new CEPS Task Force report suggests concrete policy measures and recommendations addressed to all stakeholders to help jumpstart coordinated vulnerability disclosure and government disclosure decision processes across Europe.
This paper argues that the current policy initiatives adopted by the European Commission are meaningful, but still incomplete. The policy response to online disinformation should ideally rely on: (i) the promotion of responsible behaviour in conveying information to end users; (ii) the enactment of a proactive media policy aimed at promoting pluralism and improving the exposure of diverse content to end users; and (iii) the empowerment of end users through media literacy initiatives, and supports to user behaviour.
This document was prepared by Policy Department A at the request of the Committee on the Internal Market and Consumer Protection.
Despite recent advances made in eliminating fragmentation and in standardising fees and performance across the European market for retail investment products, these have produced limited or no effect so far. Further policy initiatives can thus be expected, as investors are the victim and market efficiency is at stake.
Claeys, Grégory; Demertzis, Maria; Efstathiou, Konstantinos
This Policy Contribution tries to answer two main questions: can cryptocurrencies acquire the role of money? And what are the implications for central banks and monetary policy?
Economic development and prosperity strengthen social cohesion in Asia, poverty and discrimination against women weaken it. This is the conclusion of a study commissioned by the Bertelsmann Stiftung, which for the first time examined the cohesion of 22 societies in South, Southeast and East Asia (SSEA). According to the study, cohesion is strongest in Hong Kong and Singapore, followed by Thailand and Bhutan.
Grassi , Tommaso; Kuehnemund, Martin; Luchetta , Giacomo; Simonelli , Felice
The purpose of this Study is to contribute to the Impact Assessment of a possible revision of Council Directive 1992/83/EEC on the harmonisation of the structure of excise duty on alcohol and alcoholic beverages. The Study includes a baseline assessment of a series of issues emerged from the previous evaluation of the Directive and analyses how these problems may evolve if no EU action is taken. Secondly, the Study formulates a set of possible policy options to address these problems, assesses their likely impacts (legal certainty, market functioning, administrative costs, tax revenues, alcohol control policies, fraud etc.), and compares the...
Carrera, Sergio; Lannoo, Karel.
Despite the political impasse reached among certain EU member state governments in their attempts to reform EU asylum policy, this Policy Insight argues that ‘we’re in this boat together’. The EU needs a Migration Union, with all that that implies. Furthering institutional centralisation in the areas of asylum and migration could benefit from the ‘lessons learned’ from the EU’s response to the eurozone crisis.
In this paper we build a new model for understanding the relationship between wage and inflation. We
introduce the concept of a cumulated wage gap – meaning the cumulated gap between the current wage
and a maximum reference wage value in the past. The permanent income hypothesis is fundamentally flawed
in times of crisis, because of uncertainty of future income. In a crisis, the reference is not expected income,
but rather past income. Retirement savings and linear employment prospects are uncertain. People relate
to their peak gains in the not so distant past rather than to uncertain future gains. The only certain reference
value lies in...
Some might argue that Macedonia is being asked to pay an unduly heavy price simply for the sake of starting EU accession negotiations, while others will believe that the Agreement reached last weekend is well worth that price.
Andritzky , Jochen; Beetsma , Roel; Dolls, Mathias; Feld , Lars P.; Fernández-Villaverde, Jesús; Gros , Daniel; Hallerberg, Mark; Landier, Augustin; Langfield, Sam; Leandro , Álvaro; Martin, Philippe; Matthes, Dietrich; Perotti, Roberto; Peydró, José-Luis; Reichlin, Pietro; Reis, Ricardo; Rocholl, Jörg; Schnabel, Isabel; Schoenmaker, Dirk; Thesmar, David; Valiante, Diego.; Véron , Nicolas; di Mauro, Beatrice Weder; Wolff , Guntram; Zettelmeyer, Jeromin
Much progress has been made in improving resilience of the single currency since the beginning of the crisis. But many important issues remain to be tackled. The leaders of euro-area member states are expected to use the European Union Summit on 28-29 June 2018 to take preliminary decisions about which additional reforms to pursue. The run-up to this meeting saw a lively debate involving economists and policymakers, albeit against a backdrop of rising Euroscepticism among and waning trust between European partners.
ESMT and the German Council of Economic Experts (GCEE) initiated the ‘Future Europe’ forum in the summer of 2017, aiming...
Geographical indications are a distinctive type of intellectual property rights, protected by the TRIPS Agreement. The EU and China started to negotiate the Agreement on the Cooperation on, and Protection of, Geographical Indications in March 2011. It has recently been revealed that one or two more rounds of negotiations may be necessary to conclude the Agreement. Recall that in July 2017, as a major step forward in the negotiations, the EU and China each published a list of 100 GI products that may be granted protection under the other’s jurisdiction.
Both Europe and China are endowed with a sophisticated food culture,...
This paper presents a holistic overview and assessment of the European Union (EU)’s financial services policy since the start of its financial crisis in mid-2007. Its emphasis is on public policy initiatives and developments at the European level, including those specific to the euro area.
Efstathiou, Konstantinos; Wolff, Guntram B.
The authors study whether and to what extent EU countries implement recommendations on macroeconomic imbalances given by the EU in the so-called European Semester. Overall implementation of recommendations by EU countries has worsened in the last few years, in particular when it comes to recommendations addressed to countries with excessive macroeconomic imbalances.
García-Herrero, Alicia; Xu, Jianwei; Marbach, Thibault
While Europe continues to hold important trade powers, the rise of China in the global economy has significantly reshaped international trade and competition. In this paper, the authors show that the degree of competition between both powers in Latin America has risen in the past decade due to China's increased trade of high-quality products. They address whether China is an increasingly relevant competitor for Europe in Latin America and in which sectors China-EU competition is fiercer. These findings should be a wake-up call to Europe in its quest to remain competitive at the global level.