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

South-Europe’s creditworthiness keeps eroding as demonstrated by the latest assessment of the cepDefault Index. Italy’s erosion consolidated in 2011; as regards Greece, the negative trend did not only continue but declined even further; Spain is somewhat crumbling but – apart from the banking crisis – not doing too badly.

In Portugal, however, the vigorous structural reforms now bear fruit – an upward trend is soon to emerge. It is very likely that Portugal will regain its full creditworthiness in 2015.  

All other South-European countries need to improve their competitiveness through structural reforms too.

2012

The Commission aims to implement a fully integrated payment market in the EU. In its Green Paper, the Commission presents action plans for the market integration.

2014

Motor vehicles and their exhaust systems are subject to an EU-wide type-approval procedure which, among other things, prescribes noise emission limits and a uniform test method. The existing test method is to be replaced, since according to the Commission the test procedure does not reflect real world driving behaviour. At the same time it wishes to lower the noise limit values in order to ensure a high level of environmental protection and public safety.

2014

The Commission wishes to boost competition on the audit market by the obligation to change auditors regularly (“rotation rule”). A prohibition of non-audit services (e.g. tax advice) is to strengthen the independence of auditors. 

2014

In its Restructuring Green Paper, the Commission calls upon all Member States to make use of instruments such as short-time working schemes, working time accounts and corporate work alliances during times of crisis, as they are suitable for safeguarding jobs. Moreover, it proposes reforms of the tax and benefit schemes in order to minimize the impact of the crisis on the labour market. In the case of company restructurings due to economic changes, the Commission requests an early involvement of “all relevant stakeholders” and a harmonisation of parts of the insolvency law. Thus the chances of future adjustment measures of restructuring processes are to be improved. Moreover, “amendments” of employment termination rules are to safeguard a high level of employment and social protection.

2014

According to the Commission, there is not enough eco-innovation in the EU. Therefore, it wishes to speed up eco-innovation and to improve its marketing. To this end, the environmental legislation is to be revised and small and, in particular, medium-sized undertakings be subsidised.

2014

The Commission wishes to promote the digital single market by setting new framework conditions and removing obstacles. To this end, it presents an action plan.

2014

According to the “balanced approach” of the International Civil Aviation Organization (ICAO), noise abatement around airports is to be achieved by selecting the “most cost-effective range of measures”. The Commission’s Regulation Proposal serves to improve coherence both within the EU and also with ICAO requirements to introduce noise-related operating restrictions.

2014

The Commission wishes to improve the transparency of financial market transactions, move derivatives trading to organised trading venues and strengthen supervision and competition. Moreover, it intends to strengthen investor protection. 

2014

The Commission wishes to improve the transparency of financial market transactions, move derivatives trading to organised trading venues and strengthen supervision and competition. Moreover, it intends to strengthen investor protection. 

2014

The amendments mainly focus on two areas. Firstly, the introduction of the European Professional Card validating the professional qualifications of an employee at the European level. Secondly, the existing common platforms are to be replaced by “common training principles for professions which are regulated in at least two thirds of the Member States and which are not subject to minimum training requirements. For such professions common training principles and exams are to be introduced. Trainees having passed such exams are automatically authorised to pursue the tested profession in every Member State.

2014

The Commission intends to intensify the surveillance of national EU budget policy and to develop the deficit procedure. Moreover, euro states are to be obliged to transpose European budget requirements stipulated under the Stability and Growth Pact into national law. Moreover, national budgets must be based on independent macroeconomic forecasts in future.

2014

The EU Heads of State and Government (apart from Great Britain and the Czech Republic) entered into an agreement to improve the budgetary discipline of the Contracting Parties. The Contracting Parties undertake to transpose a debt brake into their national legal systems and to facilitate the imposition of sanctions in the deficit procedure.

2014

In order to keep global warming below 2°C, in comparison with 1990, the EU wishes to reduce greenhouse gas emissions by 20% by 2020 and by 80 to 95% by 2050. A major part of greenhouse gas emissions which can be influenced is created by the energy sector. The Energy Roadmap 2050 presents scenarios illustrating how modernisation can help contribute to the energy system of long-term EU climate protection targets.

2014

Where the demand for landing and takeoff slots exceeds airport capacity, slots are allocated in line with standard procedures. Now the Commission wishes to change these slot allocation rules in order to improve the efficient use of airport capacities.

2014

The Regulation of mobile termination rates has become the arena of a power struggle between the EU-Commission and some Member States. The Commission insists that national regulators should apply the “pure-LRIC”-costing model.

2014

On the one hand, the Commission wishes conduct enhanced surveillance of euro countries, which might need to request financial assistance in future. On the other hand, the Commission wishes to see the tasks assigned by the bail-out package enshrined in secondary EU legislation.

2014

The Commission wishes to to enhance the efficiency and overall quality of groundhandling services at EU airports. To this end, the market to groundhandling services is to be further opened up, in particular at large airports where at least one additional supplier is to be admitted.

2014

The wishes to limit the term of the contracts entered into by credit rating agencies and issuers as well as the participation volume in credit rating agencies in order to strengthen the independence of credit rating agencies. In future, structured finance instruments will be subjected to ratings by at least two credit rating agencies. Moreover, the Commission wishes to prescribe civil liability for credit rating agencies.