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102. The World Trading System: In Dire Need of Reform
- Author:
- Sylvia Ostry
- Publication Date:
- 08-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Over the decade of the 1990s, the deepening integration of the global economy accelerated as trade, financial flows, and foreign direct investment were liberalised. This deepening integration is, in part, a "natural" phenomenon, fed and now led by technological changes in information, communication and transport and is driving in the direction of a single global market. But, of course, governments have played an important role and international economic policy has facilitated - or perhaps even catalysed - the momentum. And the "natural" and "policy" forces are interrelated in a complex fashion that reflects the nature of the policy process . This process differs in different policy domains - for example trade versus financial or development policy. Yet it's important to underline that trade policy has indeed played a major catalytic role in fostering global integration.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
103. Georgia's Pankisi Gorge: Russian, US and European Connections
- Author:
- Jaba Devdariani and Blanka Hancilova
- Publication Date:
- 06-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The Georgian government fails to exercise effective control over parts of its territory. In the last decade, Georgian statehood has been threatened by a civil war and secessionist conflicts. Its government has failed to reform its armed forces and has lost control over the Pankisi Gorge, a sparsely populated patch of the Caucasus Mountains on the border to Chechnya. Some hundreds Chechen fighters including several dozen Islamic extremists connected to the al-Qaeda network are believed to be hiding in that area. After the attacks on the United States on 11 September, the risks posed by failing states in the propagation of international terrorist networks are being taken more seriously into consideration. 2 The US decision to send up to 200 special operation forces to Georgia in March 2002, in order to train Georgian forces to regain control over the Pankisi Gorge, proceeds from this logic.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
104. Budgetary Implications of Enlargement: Agriculture
- Author:
- Johan F.M. Swinnen
- Publication Date:
- 05-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The Common Agricultural Policy (CAP) accounts for 45% of the total EU budget. Will its extension to Central and Eastern European countries (CEECs) break the EU budget? The 10 CEECs currently negotiating for membership would increase the number of farmers by 120% and would increase the area under cultivation by 42%. It is thus widely expected that enlargement will dramatically increase the cost of the CAP.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
105. Supervising the European Financial System
- Author:
- Karel Lannoo
- Publication Date:
- 05-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The EU's financial sector has been undergoing an almost continuous wave of de- or reregulation since the late 1980s. The Single Market programme with minimal harmonisation and home country control was implemented in successive periods for banking, insurance and the securities markets. By the end of the 1990s, however, under the impact of EMU, it was clear that this was not sufficient, and a Financial Services Action Programme set a schedule for the adoption of 42 directives to create a truly integrated financial market by 2005. Moreover, a Committee of Wise Men under the chairmanship of Alexandre Lamfalussy made proposals to ease the adaptation of EU financial regulations to market developments.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
106. Europe as a Global Economic Actor
- Author:
- Daniel Gros
- Publication Date:
- 04-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The three years since the start of EMU have been characterised by an extraordinary degree of volatility in global financial and other markets (oil, etc.). Most official comments have so far focused on the fact that Europe has remained an 'island of stability'. But this self congratulatory tone cannot mask the fact that EU institutions have generally not been in the forefront of the efforts to stabilise the global economy. This is partly understandable as most of the volatility originated outside the EU. But just 'putting one's own house in order' does not seem to be sufficient when global economic (or political) stability is at stake, as recent events amply demonstrate.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
107. The European Union: Teleology and some Challenges of the Eastern Enlargement
- Author:
- Gabriela Martin Thornton
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Since the fall of the Berlin Wall, quickly followed by German reunification, scholars of the European Union have emphasised that one of the most salient consequences of these events would be the enlargement of the European Union. Many have claimed that enlargement would mean galvanising the German power within the European Union, by placing Germany at the geographical heart of Europe. Enlargement was perceived either as undermining the Franco-German relationship, or even more, as replacing it by increased German connections with Eastern European countries (Braun, 1996, p. 158). The IGC in Nice struggled to reform the EU institutions in order to accommodate future members. The Treaty of Nice has generated fear within certain Western circles. Some political analysts already announced the end of Jean Monnet's “Europe”, the triumph of Germany, and with the future inclusion of Central and East European countries (CEECs), the birth of a “Europe” less “European”. Since Nice, a sea of metaphors has sparkled over the Western European newspapers with regard to “the return to Europe” of the CEECs. Nonetheless, many scholars seem to agree with Stanley Hoffman who points out that the expansion toward the east is seen as necessary in order “to provide stability in the more troublesome part of the continent and in order to protect fledgling democracy there.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe, Germany, and Berlin
108. The Application of Justice and Home Affairs and the position of Minorities: The case of Hungary
- Author:
- Judit Tóth
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- When one considers the substance of European Union (EU) official documents in a simplified way, national and ethnical minorities may appear in three contexts. The first belongs to external relations (common foreign and security policy), which cover minorities as a matter of human rights in third countries. These documents call upon the (third) countries concerned to respect human rights and international and European standards on minorities' rights that are also endorsed by the EU. In this regard, the legislation being developed in view of a common European migration policy contains provisions about the respect of minority rights in order to prevent further migration waves.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe and Hungary
109. The Schengen Challenge and its Balkan Dimensions
- Author:
- Péter Kovács
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The subject of this paper is undoubtedly of paramount importance for a number of Central and East European countries. The image of a “Schengen Fortress” in statu nascendi is disappointing even for those who are enthusiastic about the accession of their countries to a unified Europe. There is a widespread fear – rational or not – that cross-border human contacts and travel possibilities from East to West will become more difficult than they were in the years following the fall of the Berlin Wall. The same feeling can be detected even in the Balkans, where certain countries also show symptoms of the “Schengen Fortress”.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe and Balkans
110. Russia's engagement with Justice and Home Affairs: A Question of Mutual Trust
- Author:
- Olga Potemkina
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Does Russia need international cooperation? This question may seem rhetorical, to which one would give a positive response, but the findings of a public opinion survey conducted by the independent Russian research organisation ROMIR clearly suggest otherwise. In April 2001, a total of 1,500 Russians were polled in 160 locations in 94 villages, towns and cities, in 40 regions, territories and republics of the Russian Federation. The questions asked concerned several key aspects of EU-Russian relations and the need for increased cooperation with international organisations.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Russia and Europe
111. Russia and the EU: The Kaliningrad Dilemma
- Author:
- Yuri Borko
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Strictly speaking, there are two groups of problems related to this topic. Firstly, there are some particular issues arising from the enlargement process; namely the movement of goods and people between Kaliningrad and the rest of Russia, including visa regime, energy supply of the region, trans-border cooperation and fisheries. To solve these problems or not to solve them is like Hamlet's dilemma “to be or not to be”. These problems have to be solved by the Union and Russia, with the participation, at least jointly, of Poland and Lithuania.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Russia, Europe, Poland, and Lithuania
112. Border Countries in an Enlarging Union: Some Reflections based on the Italian Experience
- Author:
- Ferruccio Pastore
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- In order to understand the Italian perspective – or rather the Italian perspectives – on the shift eastward of EU external borders, it is useful, if not necessary, to anticipate briefly a few schematic concepts about the meaning of borders in Italian history. This will enable us to achieve a better understanding of current Italian attitudes in the European debate on border management issues in the framework of the enlargement process. But a rapid overview on the recent transformation of the nature and function of borders in the Italian case will also allow us to draw some tentative lessons for the ongoing enlargement process in the field of Justice and Home Affairs.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe and Italy
113. Basel II: The Remaining Issues
- Author:
- Moritz Meier-Ewert
- Publication Date:
- 03-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- In January 2001, the Basel Committee for Banking Supervision (BCBS) presented its latest proposals for a revised Capital Adequacy Accord. The aim of this revision is to address some of the perceived shortcomings of the 1988 Accord, which is currently being applied. These new proposals include a number of important improvements, but unfortunately there is a serious risk that in some areas they are overshooting their target. As a result they could have adverse consequences not only for the structure of the banking industry, but also for developing countries and for systemic stability. Indeed, if implemented in its current form, the Accord could lead to a serious round of consolidation in the banking sector resulting in the domination of the market by a handful of internationally active banks, widen the amplitudes of business cycles as well as increase the frequency of financial crisis through enhanced procyclicality, and effectively cut off a number of developing country borrowers from bank-finance.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
114. The Convention on the Future of the EU
- Author:
- Eric Philippart
- Publication Date:
- 02-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- In December 2000, the Heads of State or Government reckoned that once the institutional changes proposed in the Treaty of Nice were ratified, the Union would be ready for the accession of new member states. Acknowledging that the post-Nice design was certainly not optimal, they also agreed in a Declaration annexed to the Treaty to convene an Intergovernmental Conference (IGC) in 2004. It stipulated that Treaty changes would only be decided after two intermediary phases aimed at deepening and widening the debate on the future of the European Union: an 'open reflection' phase encouraging wide-ranging exchanges of views in multiple national and European fora, to be followed by a phase of 'structured reflection' scheduled for 2002-3. The format of the second phase was to be defined during the European Council bringing the Belgian Presidency to a close. On 15 December 2001, the Laeken 'Declaration on the Future of the European Union' was indeed adopted. No less than 56 substantive questions were proposed as a starting point for the debate to be conducted by an ad hoc structure made of a Convention flanked by a Forum. The Declaration not only defined the mandate and the institutional contours of the new structure, it also provided a number of indications on how it should proceed in terms of deliberation, drafting and decision-making.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
115. Infringement of the European Convention on Human Rights by Belgium
- Author:
- Joanna Apap
- Publication Date:
- 02-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The judgment in the case of Conka v. Belgium of 5 February 2002 by the European Court of Human Rights in Strasbourg whereby Belgium was founded guilty of infringing the European Convention on Human Rights, has much wider implications than one might think on a first reading.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe and Belgium
116. The Assignment of Tasks in an Evolving European Union
- Author:
- Guido Tabellini
- Publication Date:
- 01-2002
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- How should tasks be divided between the EU and its member states? And what institutional reforms are needed to insure that these tasks (but only these tasks) are efficiently performed by the EU? This is the main problem to be addressed at the upcoming European Convention. This paper argues that EU tasks in the first pillar should not be expanded further, though some changes in the direction of both more and less intervention are desirable. The single market remains to be better enforced, and this might require further centralization of tasks. On the other hand, EU meddling with redistribution should be scaled back; this would imply reforming and reducing EU intervention in agricultural policy, structural funds and the social charter. In other words, EU intervention in the first pillar should mainly aim at making sure that the single market works as effectively as possible, and at fostering competition between EU member states. Redistribution should remain a national prerogative. EU tasks should instead be expanded outside of the first pillar, namely in foreign and defense policies, in internal security and immigration. The paper ends with a discussion of what institutional reforms might be needed to accompany this allocation of tasks and increase accountability of EU decisions. Appropriate reforms should keep in mind the distinction between "bureaucratic accountability" (i.e. the control of appointed bureaucrats with a narrowly defined mission) and "democratic accountability" (i.e., the control of elected politicians with an open mandate). The former type of accountability is the most relevant in Europe today, given the lack of a true and complete European polity, and this has relevant implications for task allocation and institutional reforms.
- Topic:
- Government, Human Rights, and International Organization
- Political Geography:
- Europe
117. European Union: Belgian Presidency
- Publication Date:
- 07-2001
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The rotating EU presidency this week passed from the Swedish to the Belgian government. The Belgian presidency faces a considerable test of nerve as it attempts to square its constitutional ambitions for further political integration with the increasing unpredictability of European public opinion. The new public mood of caution towards European integration has resulted in a notable ambivalence on the part of Verhofstadt. While stressing the importance of a completely open debate, Verhofstadt is also using the more closed approach of close consultation between governments and their representatives in preparing keynote proposals for the Laeken European Council, which, in reality, is the only way of reaching solutions.
- Topic:
- Government and Politics
- Political Geography:
- Europe
118. European Union — Takeover Tensions
- Author:
- Caspar Fithin
- Publication Date:
- 05-2001
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The proposed takeover bids directive may be lost unless the differences between the European Parliament (EP) and the Council of Ministers are resolved by June 6. The ongoing negotiations between the Council and the EP in the conciliation committee may be made more difficult by Germany's recent decision to renege on the Council common position on the directive. The move was received with incomprehension in other EU member states. Germany so far stands alone in its attempt to change the directive. Nevertheless, its decision could give MEPs enough ammunition to avoid a compromise in the conciliation committee, and hence to allow the directive to fail. More importantly, Germany's decision also draws attention to the various level-playing field issues still to be addressed in the area of corporate control through greater harmonisation of company law.
- Topic:
- Government and Politics
- Political Geography:
- Europe and Germany
119. Italy — Berlusconi Victory
- Author:
- Caspar Fithin
- Publication Date:
- 05-2001
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The outcome of last Sunday's general election is now clear. Although the centre-right has won substantial majorities in both houses of parliament, both the Alleanza Nazionale and the Northern League suffered setbacks. The League failed to pass the threshold needed to qualify for a share of the quarter of seats in the Chamber of Deputies allocated by proportional representation. For the time being, Forza Italia, and therefore Berlusconi, who dominates the party, is in firm control of the centre-right coalition. If Berlusconi can retain his authority over the coalition for the next five years, it could assist in stabilising a still highly-fractured and potentially unstable party system.
- Topic:
- Government and Politics
- Political Geography:
- Europe and Italy
120. CIAO: United States — 'Plan Colombia'
- Author:
- Caspar Fithin
- Publication Date:
- 11-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Congressional criticism of 'Plan Colombia's' military component, and the advent of a new administration in Washington, are likely to lead to a strategic review of US policy. The outcome may be a policy that is less military focused, more regionally oriented, and based on closer cooperation with other aid donors. It has become increasingly clear that Plan Colombia can only be implemented if the EU and its member states are prepared to increase their financial contribution. This will give the Europeans considerable leverage, and they are likely to use it to insist on a less militarised approach. However, even with a change in policy emphasis, the prospects of success will remain poor.
- Topic:
- Government and Politics
- Political Geography:
- United States, Europe, Washington, and Colombia
121. Northern Ireland: Impasse
- Author:
- Oxford Analytica
- Publication Date:
- 05-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The Ulster Unionist Council re-elected David Trimble as its leader on Saturday but by an unexpectedly narrow majority of 57% to 43%. The party also voted to retain the name and insignia of the Royal Ulster Constabulary — the predominantly Protestant police force in the province — a precondition, along with an IRA commitment to decommissioning, a precondition for restructuring an all-party executive that was suspended two months ago. These are impractical terms for negotiations. The Good Friday agreement is now functionally defunct.
- Topic:
- Conflict Resolution, Government, and Peace Studies
- Political Geography:
- Europe and Ireland
122. Russia—Duma Dust-up
- Author:
- Oxford Analytica
- Publication Date:
- 01-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Russia's new State Duma ended its first day's work in an uproar on January 18. An unlikely alliance of pro-Communist and pro-Kremlin parties was in control of the chamber's agenda, while an equally improbable alliance of smaller factions vowed not to participate in the running of the chamber until their demands for a greater say were met. This unpromising start presents acting President Vladimir Putin with both a short-term boost and a fresh political challenge. It also highlights one of Boris Yeltsin's more surprising political legacies.
- Topic:
- Government and Politics
- Political Geography:
- Russia, Europe, and Asia
123. United Kingdom—Euro Issues
- Author:
- Oxford Analytica
- Publication Date:
- 01-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The formal position of the United Kingdom government that it favours entry into the European single currency 'in principle', but subject to five economic tests and popular sanction in a referendum, masks increasingly deep splits among senior ministers as to what exactly this formula means in terms of practical timing. A profound disagreement between the treasury and the foreign office, personified and led by their respective politicians, exists and is likely to intensify both in the run-up to the next UK election and throughout the next parliamentary term.
- Topic:
- Government, International Trade and Finance, and Politics
- Political Geography:
- United Kingdom and Europe
124. Can Public Service Survive The Market? Issues For Liberalized Electricity
- Author:
- Walt Patterson
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- As governments around the world liberalize their electricity systems, they are overturning the guiding principles that have shaped electricity for the past century. Yet they continue to regard electricity as a public service. The consequent inconsistencies and contradictions are already evident, and intensifying. This Briefing Paper outlines the implications. It is based on a research project now under way in the Energy and Environmental Programme, entitled Keeping the Lights On: Public Service in Liberalized Electricity. For details please see the back page.
- Topic:
- Energy Policy and Government
- Political Geography:
- Europe
125. State And Region: The Spanish Experience
- Author:
- David Bright
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- One of the most interesting consequences of the development of the European Union has been the stimulus it has given in recent years to the rediscovery of region within European states. As the supra-state functions of the European institutions in Brussels have burgeoned and the intrinsic sovereignty of the state in Europe has declined, so regions have acquired an ever greater social and political significance. Of course, in some cases, the state was traditionally federal in nature—as with Germany\'s Länder system—and, politically at least, regional aspirations have been satisfied. In the past two decades, however, regional aspirations have expanded into social and cultural spheres that require a new, defined political context. Even in such long-established states as the United Kingdom, such pressures now have to be acknowledged as sub-state factors enter into the complex array of political elements that go to make up the contemporary Union. In this context the Spanish experience is illuminating, both in the way it demonstrates how such tendencies should be accommodated and in the way in which regional populations respond. It is, in fact, a paradigm for a development that will become inevitable and universal as the power of the state declines within the wider structures of contemporary \'Euroland\'.
- Topic:
- Government and Religion
- Political Geography:
- Europe and Germany
126. Health Not Wealth
- Author:
- Daniel Gros
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Health, and not wealth, should be the decisive criterion when considering the prospects of the Central and Eastern European candidates for EU membership and the capacity of the EU to enlarge. Viewed from this perspective, the outlook is promising. The CEECs are still very poor, compared to most of the existing EU members, but they are also much more dynamic. Their growth rates are generally expected to remain around 4-5% for the foreseeable future, compared to about 2-3% for the EU. This still implies that full catch-up in terms of GDP per capita will take decades, rather than years, but full catch-up is not the relevant goal if one is concerned about enlargement. Experience in the EU has shown that problems are much more likely to arise from established rich member countries with stagnant economies (Belgium in the 1980s and part of the 1990s) than poor, but more dynamic states (e.g. Portugal and Ireland today). The fact that most of the so-called 'periphery' is now experiencing stronger growth than the 'core' confirms that EU integration benefits poorer countries even more.
- Topic:
- Government
- Political Geography:
- Europe, Belgium, Portugal, and Ireland
127. Effects of the Berlin Summit on Own Resources, Expenditures and EU Net Balances
- Author:
- Jorge Nuñez Ferrer
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The Berlin Summit has been concluded with the suspicious outcome in which every Head of State declares victory. The tone is not so victorious by the Presidency, however, which honestly declared that Germany didn't “win the lottery”. There is reason for suspicion if, after long and arduous discussions to reform policies and reduce EU expenditure, member states declare satisfaction at the result. Something must be amiss, if painful reforms appear not to hurt. In fact, after preliminary calculations and some political considerations, there are grounds to suspect that the reforms proposed are less than satisfactory.
- Topic:
- Government
- Political Geography:
- Europe, Germany, and Berlin
128. The 1998 Per Jacobsson Lecture: Managing the International Economy in an Age of Globalisation
- Author:
- Peter D. Sutherland
- Publication Date:
- 10-1998
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- Good afternoon. Thank you, Sir Jeremy, for that kind introduction. I am honored, not merely to have been selected to deliver this year's Per Jacobsson lecture, but by the presence of so many distinguished guests. I am also delighted that two previous Per Jacobsson lecturers could be here this afternoon, and I would like to recognize them: Jacques de Larosiere, the former Managing Director of the IMF and more recently the President of the European Bank for Reconstruction and Development, and Joseph Yam, the Chief Executive of the Hong Kong Monetary Authority.
- Topic:
- Economics, Globalization, Government, International Trade and Finance, and Politics
- Political Geography:
- Europe
129. Media Coverage of Parliament
- Author:
- Ralph Negrine
- Publication Date:
- 07-1998
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- The last decade of the 20th century has apparently seen a profound change in the way in which European media handle their reporting of the political process. It is a process which marks an end to the formality and sense of obligation with which parliamentary debates and the activities of individual politicians have traditionally been treated. It has been paralleled by far-reaching changes in the ways in which politicians seek to influence their electorate. This briefing paper summarizes the findings of a comprehensive study that attempts to quantify what these changes in presentation of news and information might really mean.
- Topic:
- Government and Politics
- Political Geography:
- Europe
130. The Emerging EU Tax Policy
- Author:
- Karel Lannoo
- Publication Date:
- 05-1998
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The agreement reached in the Council of EU Finance Ministers (Ecofin) on 1 December 1997 on taxation policy can be considered as a landmark in EU direct tax harmonisation. The Council agreed on a package of measures to combat harmful tax competition in the EU, including a code of conduct on corporate taxation and elements which should enable the Commission to draft a new proposal for a directive on the taxation of income from savings. The Council invited the Taxation Policy Group to continue its work and instituted a Review Group to assess harmful tax competition. The first and, until now, last EU measures in the area of direct taxation date back to 1990. These abolished double taxation between enterprises of the same group.
- Topic:
- Government and Political Economy
- Political Geography:
- Europe