's creditworthiness is sinking at the worst possible time - right as the country attempts to negotiate its way out of the European Union, said Handelsblatt Global Edition. ...read [...] 29-01-2017 Britain could strike a 'Ukraine Plus' style Brexit deal Business Insider: Since Brits voted to leave the European Union last June, all manner of different Brexit models have been mentioned, but a whole new type of deal has now been suggested by think-tank, the Centre for European Policy .
Removing regulatory barriers to cross-border research activities through the establishment of a “European Research Area” increases Europe’s potential for innovation. The instrumentalisation of public procurement for the promotion of innovation leads to massive distortion of competition and encourages a subtle form of protectionism. The innovation plans through “European Innovation Partnerships“ that it propagates instead, could be misused for industrial policy purposes and also lead to distortion of competition.
The strategy „Europe 2020“ constitutes the beginning of a European economic governance with sharp interventionist traits in terms of industrial policy interests. For four out of five key targets however – namely employment policy, R&D, educational policy and the fight against poverty – concerted action at EU level is not at all justified, as it does not generate any added value compared to national solutions and even might restrict institutional competition. Furthermore, many of the proposals made under the headline initiatives could lead to inefficient outcomes.
If EFSF assistance is provided without being linked to fundamental reform requirements, or if these are not complied with, the current crisis will be further perpetuated through the EFSF. Countries receiving EFSF assistance should not be entitled to decide on the payment of further tranches to other countries. Additional subsequent payments made by individual euro states to the EFSF could lead to uncontrollable burdens on public budgets in the affected states. EFSF loans to recapitalise banks increase the pressure for reforms. The purchase of state bonds has no impact on the basic data of a state; in fact
Assessing the burdens inflicted upon SME could help prevent a disproportionate amount of burdens. Improving law enforcement, also by means of infringement proceedings, reduces legal uncertainty. In view of inefficient administrative structures in several Member States and tight public budgets it is questionable whether new EU rules on market surveillance and exchange of information between the Member States’ authorities would improve product safety substantially. Promoting “sustainable consumption behaviour“ is an indication that the Commission has given up on the concept of the responsible
Parliament and the Council should not seek to resolve political conflicts by way of Level 2 measures. In cep's view, consultations with the ESAs at an early stage, in Parliament and the Council, could promote a uniform understanding of the mandate. In addition, political scrutiny at national level - by Parliament or the responsible ministry -, of whether EU guidelines should in fact be complied with, is perfectly legitimate. This scrutiny should provide national supervisors with the necessary room for manoeuvre but at the same time prevent guidelines from offending against the national
Negotiators from the European Commission, ECB, IMF and ESM began official talks over the terms of a third, probably three-year aid program for Greece, totaling up to 86 billion euros. "Already now, it seems that the negotiations will be difficult and that they could last longer than expected. It is also possible that they will fail“, says cep economist Matthias Kullas. On 20 August 2015 Greek sovereign bonds of 3,2 billion euros held by the European Central Bank fall due. In September, the Greek government has to repay 1,5 billion euros to the International Monetary Fund (IMF).
Plan aims to create a European Fund for Strategic Investments (EFSI) made up of 5 billion euros capital and a 16-billion euros guarantee fund. Yet, the EU approach on the matter is fundamentally flawed [...] this leads to deficits, the European tax payer will bear the loss by way of the EU guarantee. Of much greater importance than the promotion of investment using public funds would be to implement the [...] A deal struck by MEPs and Council of Ministers negotiators on Thursday means the architecture of the Juncker plan to unlock 315 billion euros public and private investments can now be put to a
EU member states oppose a quick abolition of roaming fees in the European Union, German daily Bild reported, citing a document from the European Council. According to the paper, consumers would be able to make only 50 minutes of phone calls, send 50 SMS and have 100 MB of data traffic per year in the EU at the same fee as they pay in their home country. cep expert Philipp Eckhardt thinks the proposals go in the right direction. “We believe that a swift end to roaming surcharges would be problematic,“ he explained. “The aim of the EU Commission and the European Parliament to achieve the same
energy expert. Because, he said, regarding admissibility – of quotas as well as feed-in models – it ultimately depends on whether these are a justifiable derogation of the free movement of goods guaranteed [...] the case, Germany too could be required to extend the EEG's support scheme to foreign energy providers after a certain transition period, said Reichert. [...] Götz Reichert, an energy expert at the Centrum für Europäische Politik (CEP), expressed his view in a statement for EurActiv Germany : "If the ECJ actually follows the Advocate-General, then this