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

The strategy „Europe 2020“ replaces the failed strategy of Lisbon and is to „turn“ the EU into a „smart, sustainable and inclusive economy“ delivering “high levels of employment, productivity and social cohesion”. The Commission is setting five headline targets to be attained by 2020 with the highest priority being smart, sustainable and inclusive growth. The European Council has approved three of the five key targets, but strongly mitigated the other two. Moreover, the Commission is putting forward seven flagship initiatives which are to “commit both the EU and the Member States” and to be pursued by the Commission and the Member States. The Commission intends to monitor progress of target achievement by reports to be provided by the Member States.

2015

With the entry into force of the Treaty of Lisbon the legal basis for the comitology system- the procedure according to which the EU Commission may adopt acts - was revoked. In future, the delegation of legislative powers to the Commission will be subjected to Art. 290 and 291 TFEU. However, detailed rules regarding the delegation and scrutiny of how these are exercised are not provided for in the new Treaty. These will have to be the objective of an agreement to be concluded between the European Parliament, the Council and the Commission. However, the interests of these parties differ considerably in parts. In its Communication (COM(2009) 673 the Commission has presented its vision of how the new procedure should be shaped.

2014

The amendment of the Prospectus Directive is part of a simplification programme by the Commission to cut administrative burdens. Against this background, the Commission wants to make it easier to issue securities in the EU. Also, it aims at increasing legal certainty and lowering costs.

2014

The Commission intends to promote the use of public private partnerships in order to mobilise private funds for public investment projects. To this end, it wishes to remove obstacles to the implementation of PPPs in Member States and the EU and to support PPPs through EU funding.

2014

The Commission aims to eliminate “health inequalities“ between Member States, different population groups and between men and women. To this end, it plans to have the data base on health inequalities in the EU extended, to promote the exchange of best practices and to fund these actions through the framework of cohesion policy.

2014

According to the Commission key enabling technologies are of “systemic relevance“ for the European economy and provide the basis for process, goods and service innovation. Therefore, a process is to be launched whose purpose is to identify and promote the key enabling technologies in the EU. The research base for the development of key enabling technologies in the EU is to be strengthened through “the right framework conditions and support instruments“.Synergy effects created by a better coordination of research promotion and joint action by Member States are assumed to be beneficial to European companies. The Commission promotes the establishment of an EU patent and a unified patent litigation system in Europe.

2014

The food supply chain comprises agricultural enterprises producing commodities, commodity exchange traders, food processing companies, (producers) and food retailers. The Commission criticises the lacking “resilience“ to boosting commodity prices (“shocks in agricultural prices“).It deems a “better functioning food supply chain“ as “urgently“ needed to avoid an “escalation“ in prices as the economic recovery sets in. In its Communication it presents measures to achieve these objectives. Amongst other things, it intends to prepare sets of standard contracts, whose use would be voluntary for the market players.

2014

Since the onset of the financial crisis the EU Financial Market Supervision, which is still very nationally-oriented, is up for discussion. Now, the Commission proposes the establishment of three European supervisory authorities (ESA) which are to ensure an improved prudential supervision of banks, insurances and investment firms.

2014

In 2007, with its Green Paper „Towards a new culture for urban mobility” [COM(2007) 551; cp. cepPolicyBrief] the Commission initiated a consultation. Based on the results of that consultation the submitted Action Plan is to set out a “coherent framework” for “EU initiatives” by 2012. In detail, the Commission plans to introduce action concerning the user-friendliness, environmental friendliness, funding, optimisation and exchange of knowledge regarding urban transport.

2014

The GDP was already developed in the 1930s. In the meantime it has become the best known indicator of macro-economic activity. According to the Commission there “is a clear case for complementing” GDP with indicators covering social and environmental issues “on which people’s well-being critically depends” but which are not taken account of in the current GDP calculation. In its Communication the Commission presents its ideas regarding new indicators.

2014

Since the onset of the financial crisis the EU Financial Market Supervision, which is still very nationally-oriented, is up for discussion. Now, the Commission proposes that the ESRB is to monitor the stability of the entire European financial system. Moreover, three European Supervisory Authorities are to ensure an improved prudential supervision of single financial institutions.

2014

In order to attain independence from fossil fuels, the EU is planning to accelerate the development and introduction of various low carbon technologies with the help of the European Strategic Energy Technology Plan (“SET-Plan”). The Commission substantiates the strategic and technological targets, the planned measures and an estimation of how much private and public investment will be required for the research and development of low carbon technologies until 2020.

2014

Both the EU and the USA are currently debating how to design derivatives markets in a more transparent and panic-proof manner. Similar to the USA the EU Commission proposes to improve the collateralisation of derivatives transactions and to standardise the OTC trading through central counter party (CCP) clearing to be located in the EU.

2014

When Euro notes and coins were introduced on January 1st 2002, this created a single payments area for cash transactions. For cashless payments like credit transfers, direct debits and card payments a Single Euro Payments Area (SEPA) is currently being developed. In its communication the Commission presents the next measures that have to be taken by market participants in the period from 2009-2012 in order to ensure successful implementation of the SEPA-project. The Commission hints that by this amongst others it understands the full replacement of all established national payment schemes with SEPA-Schemes.

2014

Without financial support for developing countries, it is likely that no global climate agreement will be reached. The Commission presents criteria for how these payments should be distributed among developed countries. Further the Commission discusses whether the share of the EU should be financed through the EU budget, a common EU climate fund or using the budgets of Member States.

2014

Following the October 2008 amendments of the Capital Requirements Directive a new amendment has been proposed once again. This time the capital requirements for the trading book and for re-securitisations are raised and the remuneration models of banks are reviewed.