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.
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.
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.
“Implementing acts” serve to implement a legally binding EU legal act. Implementing binding legal EU acts according to national law is in principle the duty of Member States. If an EU-wide implementation is required, the basic legal act serves to delegate implementing powers to the Commission. The Member States control the exercise of the implementing powers by the Commission through committees. The Regulation rules such committee procedures.
As a reaction to serious tension on the financial market, on 21. July 2011, the heads of states and governments of the euro zone decided to amend the existing EFSF. The objective of the amendments is to increase the operative volume of the EFSF and to provide it with new legal instruments.
The MFF sets the legally binding ceilings for the annual budgets in advance and thus serves to maintain the budgetary discipline and the transparency of the budgetary procedure. The Commission proposes an EU financial volume to the amount of 1.11% of GNI (1,083 bn Euro). It is to consist of the actual MFF to the amount of 1.05% of GNI (1,025 bn Euro) and ), and further “possible“ expenditures outside the MFF to the amount of 0.06% of GNI (58 bn Euro) which are increased compared to the volume of 2007-2013.
The EU has been granting tariff preferences to developing countries since 1971 to help them improve their performance on the global market and to aid their economic development. The basis for that is the “Scheme of Generalised Tariff Preferences” (GSP). The Commission wishes to revise the existing tariff preference scheme and to suspend a number of countries which until now have been GSP beneficiaries as it deems them competitive at international level.
“Implementing acts” serve the purpose of implementing legislative EU acts. The implementation of legally binding EU acts subject to national law is principally a task of the Member States. If an implementation is required throughout the EU, the basic act provides for a conferment of powers upon the Commission. The Regulation Proposal is laying down the rules for control by Member States of the Commission’s exercise of implementing powers.