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You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution EGMONT - The Royal Institute for International Relations Remove constraint Publishing Institution: EGMONT - The Royal Institute for International Relations Political Geography Europe Remove constraint Political Geography: Europe Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Financial Crisis Remove constraint Topic: Financial Crisis
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  • Author: Xavier Vanden Bosch
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: In recent years much has been accomplished to make the EMU more resilient to banking crises, sovereign-debt crises or balance-of-payment crises. Several 'backstops' or financial safety nets were progressively put in place to absorb the shocks that could have otherwise broken the EMU as a system. These substantial advances reflected a gradual, trial-and-error approach rather than a grand design that would have completely overhauled the EMU architecture. While flexibility and realism have advantages, complacency is a clear risk. With no roadmap to follow, efforts to complete the architecture of the EMU may fade with time. Maintaining a sense of direction is crucial while potential vulnerabilities remain.
  • Topic: Economics, International Trade and Finance, Financial Crisis
  • Political Geography: Europe
  • Author: Stijn Verhelst, Xavier Vanden Bosch
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: This Policy Brief discusses the challenges that await policymakers in reforming the EMU. A balance between discipline and solidarity will have to be found, while institutional reforms should improve the eurozone's legitimacy and efficiency. The key decisions on EMU reforms will have to be made during the 2014-2019 parliamentary term, as the window of opportunity for major reforms is likely to be closed afterwards.
  • Topic: Economics, Monetary Policy, Financial Crisis, Reform
  • Political Geography: Europe
  • Author: Patrick Nopens
  • Publication Date: 02-2013
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: Three major geopolitical events are putting the stability of the Eastern Mediterranean at risk. Most of the region is in a deep monetary and economic crisis. The Arab Spring is causing turmoil in the Levant and the Maghreb. Gas and oil discoveries, if not well managed, could further destabilise the region. At the same time, Russia and Turkey are staging a comeback. In the face of these challenges, the EU approaches the Greek sovereign debt crisis nearly exclusively from a financial and economic viewpoint. This brief argues that the EU has to develop a comprehensive strategy for the region, complementing its existing multilateral regional framework with bilateral agreements in order to secure its interests in the Eastern Mediterranean.
  • Topic: Security, Debt, Oil, Regime Change, Financial Crisis
  • Political Geography: Russia, Europe, Turkey, Arabia
  • Author: Stijn Verhelst
  • Publication Date: 09-2013
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: This Policy Brief argues that the envisaged design of the Banking Union risks not being sufficient to deal with the next large-scale financial crisis. Therefore, an "if all else fails" clause should be approved, stating that the Banking Union members can provide joint last resort financing to deal with a future crisis. An agreement on the clause should be feasible because it is beneficial to all Member States.
  • Topic: Economics, International Trade and Finance, Markets, Monetary Policy, Financial Crisis
  • Political Geography: Europe