Publication Archive

This archive contains all documents published by cep over the last few years:

cepAdhoc: Incisive comment on current EU policy issues.

cepPolicyBrief: Concise 4-page reviews of EU proposals (Regulations, Directives, Green Papers, White Papers, Communications) – including a brief summary and economic and legal assessments.

cepInput: Impulse to current discussions of EU policies.

cepStudy: Comprehensive examination of EU policy proposals affecting the economy.

 

 

2014

Public and private projects “likely to have significant effects on the environment” must undergo an environmental impact assessment (EIA) prior to receiving consent. For the first time in over 25 years the Commission wants to revise Directive 2011/92/EU fundamentally in order to eliminate deficiencies and to adapt it to the modified political, legal and technical framework.

2014

In its Communication, the European Commission evaluates EU policy for safeguarding water resources, identifies deficiencies and proposes possibilities for improvement. In particular, it calls for the metering of water consumption and water pricing based on the polluter pays principle. It also proposes that national authorities be obliged to use the best available techniques for industrial emissions permits as well as EU-wide uniform standards of consumption for water-related products.

2014

The Commission wants the Member States to provide all young people between the ages of 15 and 24 with a guarantee that they will receive employment or training within four months of leaving school or losing a job.

2014

The Commission extends the scope of the current directive by including direct selling of insurances. In the future, intermediaries have to disclose to clients the commission or any other remuneration they receive upon selling an insurance. Only those intermediaries abstaining from commissions can call themselves “independent”.

2014

The Commission announces measures to advance the completion of the internal energy market. For instance, it wishes to implement the Third Energy Package also through infringement proceedings. Moreover, it wishes to prevent Member States from applying capacity mechanisms as this would distort competition in the internal energy market.

2014

The updated cepDefault-Index makes clear that the euro crisis has not been averted. The Index shows that, with the exception of Ireland, the crisis countries in receipt of financial assistance have not succeeded in halting the decline in creditworthiness. Italy’s creditworthiness has been deteriorating continuously since 2009. The reforms implemented so far are insufficient.

Moreover the creditworthiness of France is under threat. Even if the French situation is not yet as dramatic as in the southern European countries, it still requires an urgent course correction. A drop in France's creditworthiness could place the entire Euro rescue package in doubt therefore the trend in French creditworthiness is of significant importance for the future development of the Euro Zone.

2014

The Commission wishes to combat offences that have a detrimental effect on the EU budget by harmonising provisions on penalties. To this end, it proposes a harmonisation of the relevant offences and prescription periods for prosecutions as well as minimum sanctions depending on the severity of the offence.

2014

In the EU operators of fixed installations and aviation companies may emit greenhouse gas emissions only if they possess the corresponding emission allowances. According to the Commission, the reduction of prices for emission allowances is a result of the “imbalance between supply and demand”. Now, it proposes options for eliminating structurally and sustainably what it perceives as a "supply-demand imbalance“ in the EU emissions trading system (EU ETS).

2014

The Commission wishes to introduce uniform key information documents on investment products (PRIPS) in order to strengthen investor protection and to create a level playing field for investment product manufacturers. The key information documents must be provided to retail investors before the acquisition of an investment product (e.g. an investment fund) and must have a standardised structure.

2014

The Commission wishes to reduce the greenhouse gas emissions caused by indirect land-use changes. To this end it wishes to limit the amount of how much conventional biofuels count to a maximum of five percentage points of the 10% expansion target, amongst other things.

2014

The Commission proposes a “major and rapid transformation” in the EU’s external aviation policy in order to strengthen the international competitiveness of European airlines, create benefits for consumers and improve public safety and environmental protection. To this end it proposes amongst other things to agree at ICAO level on a global system for CO2 emissions from air transport and to conclude agreements between the EU and third countries on the liberalisation of the national regulations on ownership and control of airlines.

2014

The Commission’s proposal comes as no great surprise. By 2020, 40% of the non-executive directors of stock-listed companies are to be women. In order to comply with the principle of proportionality, several exceptions are allowed. For instance, the Directive applies solely to companies with an annual turnover exceeding 50 million and with more than 250 employees. Where a third of the company’s board of directors are already women, then the quota can be considered fulfilled. And if a company can prove that they could not find any eligible female applicants, they do not have to comply with the quota requirement. With regard to filling the positions on management boards, the introduction of a ‘flexi-quota is proposed’, according to which companies set their own targets.

In order to ensure that companies comply with the quota, Member States must provide for penalties -  what form these may take is up to the Member States. They must, however, be effective, proportionate and serve as a deterrent.

2014

The Commission wishes to reform State aid law and in particular re-target it as to better promote economic growth in Member States. This serves the purpose of implementing the growth strategy “Europe 2020” and of supporting Member States in consolidating their public budgets through a re-targeted State aid approach.

2014

The Fiscal Compact of 2 March 2012 obliges the Contracting Parties to introduce a debt brake into national law. Amongst other things, it provides for a correction mechanism obliging the Contracting Parties directly in case of default. Thus the budgetary discipline of Contracting Parties is to be strengthened. The Commission proposes seven principles which the Contracting Parties should take into in shaping national laws.

2014

The Commission wishes to delegate key tasks of banking supervision from national banking au-thorities to the European Central Bank (ECB). The tasks of the European Banking Authority (EBA) and the voting rules in its supervisory council must be adjusted accordingly.

2014

The Commission wishes to delegate key tasks of banking supervision from national banking au-thorities to the European Central Bank (ECB). The tasks of the European Banking Authority (EBA) and the voting rules in its supervisory council must be adjusted accordingly.

2014

In order to reduce CO2 emissions in the transport sector, the EU introduced CO2 thresholds for new passenger cars. These thresholds will be tightened to 95 grams CO2 per kilometre as of 2020. Now the Commission proposes measures in order to achieve the CO2 targets valid as of 2020 for a manufacturer’s passenger car fleet as neutral as possible from the point of view of competition. For this purpose the formula determining the specific CO2 emissions for manufacturers shall be modified and benefits for passenger cars with particularly low CO2 emissions shall be reduced.

2014

According to the Commission, the costs and risks of cross-border securities transactions are too high compared to national securities transactions, the access of market actors – among them trade venues, central counterparties and central securities depositories – is limited and the competition between central securities depositories insufficient. The Commission wishes to address these deficits by measures to increase the safety of securities transactions and to open national securities markets. 

2014

Due to the economic crisis, the demand for and price of CO2 emission allowances are lower than originally expected. As a result, the Commission holds that the functionality of the EU emission trading system is jeopardised. Therefore, it wishes to be afforded the possibility to change the timetable for auctioning emission allowances in order to be able to temporarily hold back these allowances (“backloading“).