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  • Author: Julia Hamann
  • Publication Date: 02-2019
  • Content Type: Commentary and Analysis
  • Institution: German Council on Foreign Relations (DGAP)
  • Abstract: More fragmented than ever, Europe is at a crossroads, making the 2019 European Parliament election an immensely political event. Stakes are high for Emmanuel Macron, Matteo Salvini and Viktor Orbán, all of whom could shake up the balance of power in the EP. Macron has lost much of his initial vigor, and the disruptive potential of Salvini and Orbán is significant. If played well, their combined power could send shock waves across all European institutions
  • Topic: Elections, Democracy, Europe Union
  • Political Geography: Europe
  • Author: Heather Grabbe
  • Publication Date: 07-2019
  • Content Type: Special Report
  • Institution: Carnegie Endowment for International Peace
  • Abstract: This report is a rallying cry for Europeans to pull together and mobilize the EU’s assets to manage the three biggest changes of our times. Each section briefly diagnoses the consequences of climate change, aging populations, and digital revolutions and then explores the role the EU could play in supporting the inevitable transitions. The purpose is not to provide a detailed blueprint for each transition, but rather to launch a new kind of debate about the EU—a debate that does not revolve around how to tweak the current institutions but instead how to address a reordered set of priorities
  • Topic: International Affairs, Europe Union
  • Political Geography: Europe
  • Author: Margriet Drent
  • Publication Date: 01-2018
  • Content Type: Special Report
  • Institution: Clingendael Netherlands Institute for International Relations
  • Abstract: Every year is special and challenging when it comes to European integration. The highlights of 2017 were a number of high-level strategy papers and speeches such as the European Commission White Paper on the Future of Europe, the State of the Union Address by Commission President Juncker, French President Macron’s Initiative for Europe, and the Future of Europe report by President of the European Parliament Tajani. These papers and speeches all pave the way for the discussions on improving and deepening the European Union in the months towards the European elections in spring 2019. The upcoming EP elections will be different from earlier elections as the current discussions aim to offer political choices to ensure the elections are content-based.
  • Topic: International Affairs, Europe Union
  • Political Geography: Europe
  • Author: Zsolt Darvas, Dirk Schoenmaker
  • Publication Date: 03-2017
  • Content Type: Working Paper
  • Institution: Bruegel
  • Abstract: Integrated capital markets facilitate risk sharing across countries. Lower home bias in financial investments is an indicator of risk sharing. We highlight that existing indicators of equity home bias in the literature suffer from incomplete coverage because they consider only listed equities. We also consider unlisted equites and show that equity home bias is much higher than previous studies perceived. We also analyse home bias in debt securities holdings, and euro-area bias. We conclude that European Union membership may foster financial integration and reduce information barriers, which sometimes limit cross-country diversification. We calculate home bias indicators for the aggregate of the euro area as if the euro area was a single country and report remarkable similarity between the euro area and the United States in terms of equity home bias, while there is a higher level of debt home bias in the United States than in the euro area as a whole. We develop a new pension fund foreign investment restrictions index to control for the impact of prudential regulations on the ability of institutional investors to diversify geographically across borders. Our panel regression estimates for 25 advanced and emerging countries in 2001-14 provide strong support for the hypothesis that the larger the assets managed by institutional investors (defined as pension funds, insurance companies and investment funds), the smaller the home bias and thereby the greater the scope for risk sharing.
  • Topic: International Political Economy, International Trade and Finance, Economic structure, Europe Union
  • Political Geography: Europe
  • Author: Fabian Zuleeg
  • Publication Date: 07-2017
  • Content Type: Working Paper
  • Institution: European Policy Centre
  • Abstract: The Brexit negotiations continued this week with the UK government still insisting that the endpoint be an exit from the EU, including its Customs Union and the Single Market. But back in Britain, the turmoil is obvious, with different members of government taking diverging views, suggesting, at times, that a soft Brexit or a transition arrangement might be possible, even if it means concessions on the role of the European Court of Justice (ECJ), the exit payment, the rights of EU citizens and even (temporarily) continued freedom of movement of EU citizens.
  • Topic: Europe Union, Brexit
  • Political Geography: Europe
  • Author: Lukáš Tichý
  • Publication Date: 10-2017
  • Content Type: Policy Brief
  • Institution: Institute of International Relations Prague
  • Abstract: There are almost no oil or gas resources in the EU. To strengthen its energy security, the EU has taken a number of measures in its energy policy. Russia is currently the main energy supplier of oil and gas to the EU. In addition, the EU has been developing “energy relations” with existing and potential energy producers from Asia, the Middle East and North Africa (MENA), sub-Saharan Africa, North America, and Latin America. The European Union should complete the creation of a fully liberalized and interconnected internal market to which energy sources, especially gas, can be delivered effectively from around the world. The EU also has to pursue more efficient relations with its current and, especially, future producers and suppliers of energy.
  • Topic: International Affairs, Europe Union
  • Political Geography: Europe
  • Author: Alison Hunter
  • Publication Date: 07-2017
  • Content Type: Commentary and Analysis
  • Institution: European Policy Centre
  • Abstract: Introduced as an ex ante conditionality in the 2014-2020 Cohesion Policy, Smart Specialisation Strategies (S3) require regions to develop smart priorities and direct investment efforts towards growth-oriented innovation. In the space of only four years, S3 has become widely regarded as a success story across the Cohesion Policy community, as a place-based driver of EU competitiveness. For some regions, it has offered scope to deepen existing practices. For others, S3 has introduced new approaches to achieving innovation-oriented growth. There is, however, quite some distance to cover if S3 is to accelerate its support role in delivering EU growth and investment. This would require redefining the role of S3 and re-positioning this in the post-2020 Multi-annual Financial Framework (MFF).
  • Topic: Europe Union, Global Political Economy
  • Political Geography: Europe
  • Author: Anthony Luzzatto Gardner
  • Publication Date: 04-2016
  • Content Type: Working Paper
  • Institution: The Ambassadors Review
  • Abstract: Four years ago the European Union won the Nobel Peace Prize for the “over six decades [in which it has] contributed to the advancement of peace and reconciliation, democracy, and human rights in Europe.” How quickly the mood has changed. While it has become fashionable to charge that the European Union is on the verge of collapse in the face of dire current challenges, rumors of the European Union’s demise would appear premature. The successes achieved in 2015, as well as the potential future areas of good news, are frequently underappreciated. The United States is firmly committed to investing in its relationship with the European Union. This is a partnership that delivers, as it will bring dividends to both the United States and the European Union for the long term.
  • Topic: Peacekeeping, Democracy, Europe , Europe Union
  • Political Geography: Europe, United States of America, European Union
  • Author: Giorgio Gomel
  • Publication Date: 05-2016
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: There is some degree of ambivalence, mistrust, and even hostility between Europe and Israel. Europeans see Israel on a path of permanent occupation of Palestinian territories. Israel sees the European posture as unbalanced and biased against Israel. Economic and institutional linkages are strong. A further strengthening of relations is however difficult unless a peaceful settlement of the Israeli-Palestinian conflict is reached. For the EU resolving the conflict is a matter of both interests and values. The engagement of the EU can take different forms, in the realm of sticks one may point to legislation concerning the labelling of products from Israeli settlements in the occupied territories and carrots such as the EU offer of a special privileged partnership with Israel. For the Israeli public a clearer perception of the costs of non-peace and the benefits from a resolution of the conflict could help unblock the stalemate and remove the deceptive illusion that the status quo is sustainable.
  • Topic: Politics, Geopolitics, Israel, Europe Union
  • Political Geography: Europe, Israel
  • Author: Tuomas Iso-Markku
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: As a result of the Spitzenkandidaten process, the relationship between the European Parliament and the European Commission – and particularly their leaders – has strengthened. This inter- institutional connection also has a party-political dimension, being intrinsically linked to the emergence of a ‘grand coalition’ between the two biggest groups of the EP. However, in an EU beset by crises, the political agenda is firmly under the control of the member states and the European Council, which makes it difficult for the EP to take advantage of its closer relationship with the Commission, as the latter acts very cautiously.
  • Topic: International Organization, International Affairs, Democracy, Europe Union
  • Political Geography: Europe