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Begin New Search Political Geography Europe Content Type Policy Brief

1191. Bail-in Provisions in State Aid and Resolution Procedures: Are they consistent with systemic stability?

Author:
Stefano Micossi, Ginevra Bruzzone, and Miriam Cassella
Publication Date:
05-2014
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
In July 2013, the European Commission adopted a new Banking Communication – the seventh since the start of the financial crisis – updating its criteria for the evaluation of state aid in the banking sector in response to the evolving economic and institutional environment. Under this Communication, any credit institution in need of recapitalisation or 'impaired asset' measures will be required, prior to any further action, to submit a plan for restructuring or the orderly winding down the bank. Moreover, whenever there is a capital shortfall, the Commission will require that, prior to any injection of public funds, not only shareholders – as has been the case so far – but also junior creditors write down or convert into equity their claims on the bank, regardless of whether the bank is under resolution, in order to minimise the need for state aid.
Topic:
Economics, International Trade and Finance, and Monetary Policy
Political Geography:
Europe

1192. Ten Ideas for Smarter NATO Missile Defense

Author:
Patrick O'Reilly
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
NATO leaders have cited missile defense as an example of applying the principles of the Smart Defense initiative endorsed at the 2012 NATO Summit to enhance collective defense at minimum cost. As ballistic missiles continue to proliferate and become more accessible to both state and nonstate actors, it is important to foster global partnerships to pursue NATO's missile defense mission and protect North American and European interests. NATO should consider opportunities to further apply the principles of Smart Defense now to reduce future costs of deterring and countering missile proliferation.
Topic:
Foreign Policy, Defense Policy, NATO, and Arms Control and Proliferation
Political Geography:
Europe, Middle East, Asia, and North America

1193. NATO's Framework Nations: Capabilities for an Unpredictable World

Author:
Franklin D. Kramer
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
As the Ukraine crisis demonstrates, in an unpredictable world, military capabilities can be a critical factor. The longstanding goals of the United States and its NATO allies have been to create a Europe whole and free, and globally to support such goals through collective defense, crisis management, and cooperative security. Ukraine raises the issue of how best to accomplish those ends. As part of the Ukraine response, there have been and will continue to be diplomatic, economic, and energy efforts. However, one key element will be to create more effective integrated capabilities that will support NATO's military tasks, and thus the values and goals that NATO represents.
Topic:
NATO, Diplomacy, and Economics
Political Geography:
United States, Europe, Ukraine, and North America

1194. Turkish-Iranian Rapprochement and the Future of European and Asian Energy

Author:
Pinar Dost-Niyego and Orhan Taner
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The recent events in Ukraine have revived the question of European dependence on Russian natural gas. The security of Europe's natural gas supply has been a consistently important issue in Russian-European Union (EU) relations. Russia provided 34 percent of EU gas in 2012, and Russian policies can have a direct impact on EU supplies. After the West-Russian confrontation over Ukraine, a lot has been said about the 'US shale gas revolution' and the possibilities of the United States becoming an energy exporter for future European energy needs. Although US energy independence seems to promise new perspectives for future European energy security, as well as for the balance of power in the Middle East, this is not for this decade. We cannot expect that the European Union would be able to cut off all of its energy relations with Russia, but we can foresee–or at least agree–that the European Union should diversify its natural gas supplies.
Topic:
Security, Foreign Policy, Economics, and Energy Policy
Political Geography:
Russia, United States, Europe, Ukraine, Middle East, and Asia

1195. Easing US and EU Sanctions on Iran

Author:
Kenneth Katzman
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Since the seizure of US hostages in Iran following the 1979 revolution, the US government has imposed a succession of economic penalties against the Islamic Republic. The complexity and severity of these sanctions intensified following Iran's resumption of a uranium enrichment program in 2006. However, there are a variety of ways to provide extensive sanctions relief should there be a deal placing long-term restrictions on Iran's nuclear activities.
Topic:
Economics, Energy Policy, Nuclear Weapons, Sanctions, and Nuclear Power
Political Geography:
Europe, Iran, Middle East, and North America

1196. The BRICS Development Bank: Why the world's newest global bank must adopt a pro-poor agenda

Author:
Lysa John
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
In July 2014, a new multilateral and Southern-led development bank is expected to be launched by the leaders of Brazil, Russia, India, China and South Africa – better known as the BRICS. The BRICS Development Bank will provide a fresh source of finance for developing and emerging economies to meet their development needs. Little has been made public regarding the proposed Bank's core mandate or activities but while governments negotiate the technicalities of the Bank, it is critical that they also provide a solid vision of the principles, priorities and objectives on which the Bank's activities and operations will be premised. This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women's rights; aligning with environmental and social safeguards and establishing mechanisms for information sharing, accountability and redress; leadership on the sustainable development agenda; the creation of mechanisms for public consultation and debate; and the adoption a truly democratic governance structure.
Topic:
Development, Economics, Gender Issues, International Cooperation, and Poverty
Political Geography:
Africa, Russia, China, Europe, India, Asia, South Africa, Brazil, and South America

1197. Flexibility clauses in the Stability and Growth Pact: No need for revision

Author:
Stefano Micossi and Fabrizia Peirce
Publication Date:
07-2014
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The policy debate about how best to restore growth in the flagging eurozone economy has been plagued by demands from some highly indebted member countries that the Stability and Growth Pact (SGP) be loosened to leave greater room to support the economy with budgetary instruments. These demands have been met with an instant rebuff from the Commission and other financially solid members who argue that loosening the Pact would do little to restore sound growth. This question has also hindered the broader discussion on the need for and content of a renewed growth strategy for the eurozone and the European Union, no least by fuelling fresh mistrust among their member states.
Topic:
Economics, International Trade and Finance, and Reform
Political Geography:
Europe

1198. Ukraine, Russia and the need for more flexibility in EU foreign policy-making

Author:
Steven Blockmans
Publication Date:
07-2014
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The downing of Malaysia Airlines flight MH17 over eastern Ukraine has unleashed a storm of grief and anger in the EU and around the world. Heads of state and government have joined the public outcry and called for tough action against those directly and indirectly responsible for this heinous crime. The EU's reaction, however, has been lame so far by comparison.
Topic:
Foreign Policy, Territorial Disputes, and Sanctions
Political Geography:
Russia, Europe, and Ukraine

1199. The Politics of the "Unfinished Business": Bosnian Police Reform

Author:
Dejan Guzina and Branka Marijan
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The recent protests in Bosnia-Herzegovina (henceforth, Bosnia) have once more shown the extent of the remaining challenges in the country. However, while many commentators have examined the political, economic and social roots of the protests, less attention has been paid to the role of the police in these events. Police confusion, their inability to respond to the street protests in a timely and professional manner, and allegations of the use of excessive force against protestors represent clear evidence that the stalled police reform in the country needs to be re-examined. After almost two decades of international assistance, first by the United Nations (UN) and later the European Union (EU), police reform in Bosnia remains incomplete. Since the 2012 closing of the EU police mission (EUPM) in Bosnia, the issue of police reform has been put on hold. Bosnia's multiple police services remain fragmented and lack transparency. More importantly, the lack of harmonization, coordination and civic oversight leads to political interference in policing.
Topic:
Civil Society, Human Rights, Law Enforcement, and Reform
Political Geography:
Europe, Bosnia, Herzegovina, and United Nations

1200. Eritrea: Ending the Exodus?

Publication Date:
08-2014
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
The large emigration of youths is the clearest sign of extreme domestic discontent with Eritrean President Isaias Afwerki's government. Social malaise is pervasive. An ever-growing number of young people have fled over the last decade, frustrated by open-ended national service – initiated in 1995 and expanded during the war with Ethiopia (1998-2000). Yet, this flight has resulted in neither reforms nor a viable movement to create an alternative to the current government. Once outside, the ties that bind émigrés to their birthplace are strong and lead them to give financial support to the very system they escaped, through the 2 per cent tax many pay the state as well as remittances sent home to family members.
Topic:
Economics, Labor Issues, Immigration, Youth Culture, and Governance
Political Geography:
Africa and Europe