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53321. Five Years To The Euro For The CEE-3?

Author:
Daniel Gros
Publication Date:
04-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
In terms of meeting the fiscal Maastricht criteria, the Czech Republic, Hungary and Poland are better placed today than were some of the current euro area members from the “Club Med” (Greece, Italy, Portugal and Spain) at a comparable point in time leading up to their joining EMU. The CEE-3 should thus be able to qualify for full membership by early 2006, following a decision by the EU as early as 2005.
Topic:
International Relations
Political Geography:
Europe, Greece, Poland, Hungary, Spain, Italy, and Portugal

53322. 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

53323. Reinventing The Climate Negotiations: An Analysis of COP6

Author:
Christian Egenhofer and Jan Cornillie
Publication Date:
04-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
With the cancellation of the Oslo ministerial mini-summit, the prospects for an early entry into force of the Kyoto Protocol are rapidly fading. Even if the US agrees to an outcome at a resumed COPbis in July, continued Congressional opposition and unresolved questions concerning the developing countries' commitments make US ratification highly implausible.
Topic:
Environment, International Law, and Science and Technology
Political Geography:
United States

53324. 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

53325. A Primer on the Balance Sheet of the Eurosystem

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The ECB has just published the opening balance sheet for the Eurosystem, which is the official name given to the ECB plus the 11 national central banks of the euro zone. All 15 national central banks are part of the ESCB, but the participation of the four outsiders is purely formal. The balance sheet, which is reproduced at the end of this Commentary, reveals two very interesting facts: During 1998, the national central banks of the euro zone increased their holdings of dollar foreign exchange reserves by the equivalent of about 38 bn euro. This means that they de facto intervened consistently to support the dollar during that year. The ECB starts with huge foreign exchange reserves: 237 bn euro plus gold worth 100 bn euro. This is much more than the amount held by the US Federal Reserve and constitutes a major share of the reserves held by all OECD countries.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe

53326. EMU and Labour Markets: Vae Germania?

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The outcome of the first round of wage negotiations in post-EMU Germany sheds some new light on the old question: What impact will the euro have on labour markets and unemployment? Economists would say that it depends on the structure of the bargaining process. In wage-setting, it seems that either one of the two extremes of full centralisation or complete fragmentation is conducive to low inflation and unemployment.
Topic:
Economics and Political Economy
Political Geography:
Europe and Germany

53327. The First Weeks of the Eurosystem: An Initial Assessment and a Look Forward

Author:
Karel Lannoo
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
With the successful launch of the euro, the start of ESCB monetary policy operations and the operation of Target payment system, the previously national interbank bank markets have been integrated at once in a unified euro interbank market. Outstanding public debt was redenominated in euro, trading conventions harmonised and all EMU stock markets have started quoting in euro. This does not, however, bring us at once to a US-style capital market. Euroland remains profoundly different from the US in the weight of the regions and the importance of banks.
Topic:
International Trade and Finance
Political Geography:
United States and Europe

53328. Iraq's Transition: On a Knife Edge

Publication Date:
09-1999
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The situation in Iraq is more precarious than at any time since the April 2003 ouster of the Baathist regime, largely reflecting the Coalition's inability to establish a legitimate and representative political transition process. The broad plan sketched out by UN Special Adviser Lakhdar Brahimi, the apparent willingness of the U.S. to delegate at least some political responsibility to the UN and the decision to loosen the de-Baathification decree are all steps in the right direction. But critical questions remain both unanswered and, in some cases, unasked.
Topic:
Demographics, Government, and Politics
Political Geography:
United States, Iraq, Eastern Europe, and United Nations

53329. Rule of Law in Public Administration: Confusion and Discrimination in a Post-Communist Bureaucracy

Publication Date:
12-1999
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
To date, little attention has been paid to the role public administration plays in enforcing or violating the human rights and civil liberties of Bosnia and Herzegovina's citizens. Instead, much effort is concentrated on reforming the court system. Yet, the justice system in Bosnia and Herzegovina (BiH) comprises far more than the court system. It also consists of "administrative justice," where small-scale rulings by seemingly minor municipal and cantonal officials in a variety of public administrative organs, exercise a huge influence on the lives and legal rights of ordinary citizens. Many of these rulings prevent citizens from exercising their legal rights and gaining access to due process of law.</p
Topic:
International Relations, Government, and Politics
Political Geography:
Bosnia, Herzegovina, and Eastern Europe

53330. Trepca: Making Sense of the Labyrinth

Publication Date:
12-1999
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The enterprise known as Trepca is a sprawling conglomerate of some 40 mines and factories, located mostly in Kosovo but also in other locations in Serbia and Montenegro. Its activities include chemical processing and production of goods as varied as batteries and paint. But the heart of its operations, and the source of most of its raw material, is the vast mining complex to the east of Mitrovicë/a in the north of Kosovo, famous since Roman times. This report examines the current position of the mines, together with the associated smelting complex at nearby Zvecan.
Topic:
International Relations, Government, and Politics
Political Geography:
Eastern Europe, Kosovo, Serbia, and Montenegro