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  • Author: Angel Ubide
  • Publication Date: 12-2015
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The rules and buffers created in the last few years to enable the euro area to withstand another sudden stop of credit and market-driven panic in one or more of its member states are welcome steps, but they are widely recognized as inadequate. Ubide proposes creating a system of stability bonds in the euro area, to be issued by a new European Debt Agency, to partially finance the debt of euro area countries—up to 25 percent of GDP. These stability bonds should be initially backed by tax revenues transferred from national treasuries, but ultimately by the creation of euro area–wide tax revenues, and used to fund the operations of national governments. They could also be used for euro area–wide fiscal stimulus, to complement the fiscal policies of member states. Such bonds would strengthen the euro area economic infrastructure, creating incentives for countries to reduce their deficits but not forcing them to do so when such actions would drive their economies further into a downturn. The bonds would permit the euro area to adopt a more flexible or expansionary fiscal policy during recessions.
  • Topic: Economics, International Trade and Finance, Monetary Policy, GDP
  • Political Geography: Europe
  • Author: Alan Riley
  • Publication Date: 11-2015
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Germany may be seeking to expedite the construction of Russia's Nordstream 2 pipeline by shielding the controversial project from tough the laws of the European Union (EU), according to a transcript of talks between Russian President Vladimir Putin and German Energy Minster Sigmar Gabriel, Atlantic Council Senior Fellow Alan Riley writes in "Nordstream 2: Too Many Obstacles, Legal, Economic, and Political to Be Delivered?".
  • Topic: Energy Policy, International Law, International Trade and Finance, Natural Resources, European Union
  • Political Geography: Russia, Europe
  • Author: Marko Lovec
  • Publication Date: 11-2015
  • Content Type: Policy Brief
  • Institution: IEMed/EuroMeSCo
  • Abstract: The recent food security crisis has shed light on the importance of agricultural development in the South Mediterranean countries. An ‘urban bias’ and ‘trade liberalisation’ policies have resulted in growing dependence on imports, narrow specialisations and unsustainable production practices. The Euro-Mediterranean integration process has put trade liberalisation in the centre of attention, while the progress in agriculture has been limited. The purpose of this paper is to analyse the challenges faced by agro-food systems in Southern and Eastern Mediterranean Countries, with specific attention to the role of the Euro-Mediterranean integration and the reform of the Common Agricultural Policy. The paper also reviews relevant economic and environmental data in selected South and East Mediterranean countries.
  • Topic: Security, Agriculture, Development, Economics, International Trade and Finance, Food
  • Political Geography: Europe
  • Author: Karolina Borońska-Hryniewiecka
  • Publication Date: 08-2015
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: During his first visit to Warsaw after re-election as prime minister of the UK, David Cameron found an ally in support of one of his ideas to reform the EU. Rafał Trzaskowski, the Polish minister for Europe, speaking on behalf of the Polish government, officially endorsed the British position to strengthen national parliaments in EU policymaking. Yet, the proposals to date either require treaty changes or are merely technical adjustments. In fact, much more could be achieved by enhancing the mechanisms of inter-parliamentary cooperation within the existing scope of the treaties. Although this would play very well with the current institutional climate of better regulation and more transparency, it also requires a genuine political will on the side of EU institutions and Member States, which seem to be the missing link.
  • Topic: Politics, Regional Cooperation, Treaties and Agreements, European Union
  • Political Geography: United Kingdom, Europe
  • Author: Patryk Kuglel
  • Publication Date: 10-2015
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: The EU-India Strategic Partnership launched in 2004 has made only modest achievements and needs a thorough rethink. Both sides must reset cooperation and base it on a more realistic footing centred on common interests, such as economic cooperation, global governance, development cooperation, and defence. The resumption of free trade negotiations, the organisation of a long overdue bilateral summit, and more frank dialogue on contentious issues is necessary in order to utilise the partnership’s potential. Poland may use this strategic drift to revitalise bilateral cooperation and play a more active role in reviving EU-India dialogue.
  • Topic: Economics, International Trade and Finance, Politics, Bilateral Relations, Governance
  • Political Geography: Europe, India
  • Author: Filippos Proedrou
  • Publication Date: 04-2015
  • Content Type: Policy Brief
  • Institution: Hellenic Foundation for European and Foreign Policy (ELIAMEP)
  • Abstract: Mainstream discourse on energy security is premised upon the assumption of infinite growth. It hence focuses upon the economic, political, and security aspects of energy security. Consequently, it fails to provide satisfactory answers to the global environmental, energy, economic, geopolitical, and developmental challenges. An alternative paradigm is for this reason in demand. Ecological economics makes a strong case for disentangling prosperity from growth and studies how a substantial retreat of energy consumption is not only feasible, but will also efficiently address the sustainability challenge and enhance overall energy security. It also suggests how it can alleviate geopolitical and developmental tensions. Ultimately, the paper poses the fundamental question of how valid our assumptions are to lead us into a better, and sustainable, future.
  • Topic: Development, Energy Policy, Sustainable Development Goals
  • Political Geography: Europe, Global Focus
  • Author: Selena Florensa
  • Publication Date: 09-2015
  • Content Type: Policy Brief
  • Institution: IEMed/EuroMeSCo
  • Abstract: This document is the result of the high level working group of the MED Confederation on financial reform held on the 16th and 17th of June 2014 in Promos – Milan Chamber of Commerce. On that occasion, more than 30 international experts debated how to reform the banking sector in the Mediterranean neighbourhood as a key need to better contribute to the socioeconomic and business development of these economies. They also analysed how to improve the performance and impact of private equity in these countries to consolidate their development and their international cooperation. Finally, mobile banking was the third financial segment studied as a way of improving financial inclusion in these societies.
  • Topic: International Affairs
  • Political Geography: Europe
  • Author: Sebastian Plóciennik
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: Although the euro has survived the most severe phase of the current crisis, its future is still uncertain. The fate of the common currency will depend not only on the condition of the European economy, but also the priorities of its biggest player—Germany. So far that country has been strong enough to enforce its own vision of integration based on neoliberal reforms and austerity measures. Since the side effects of this prescription have been rising costs and risks, Berlin's new government will consider a range of different solutions, including in extremis a controlled and partial break-up of the Eurozone. For Poland, this volatility creates a challenging environment with risks, but also creates chances for Warsaw to increase its influence over the evolution of EU integration in this field.
  • Topic: Debt, Economics, Monetary Policy, Financial Crisis, Reform
  • Political Geography: Europe, Germany
  • Author: Gerald Stang
  • Publication Date: 02-2014
  • Content Type: Policy Brief
  • Institution: European Union Institute for Security Studies
  • Abstract: Russia is often seen as a land of extremes – and the narratives for this month's Winter Olympics in Sochi reflect that view. From the record-length 65,000 km Olympic torch run (which included trips to outer space, the north pole and the bottom of the world's deepest lake) to the incredible $51 billion price tag and the Ian Flemingesque threat of attacks from black widow terrorists, the Sochi games have a distinctly Russian flavour. The Kremlin appears to have envisioned the games as a national triumph, not unlike the 2008 Beijing Olympics, with organisational, architectural and sporting successes that could unite the country. However, with global headlines dominated by stories of corruption, human rights abuses, anti-gay laws and the very real threat of terrorist attacks, one might be forgiven for wondering whether the Russian government regrets its decision to bid for the games.
  • Topic: Conflict Prevention, Security, Political Violence, Islam, Insurgency
  • Political Geography: Russia, Europe, Asia
  • Author: Nicu Popescu
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: European Union Institute for Security Studies
  • Abstract: For the best part of the last two decades, EU-Russia summits have alternated between being upbeat events where new grand integration initiatives were launched – the creation of four common spaces in 2005, the partnership for modernisation in 2010 – and rather unfriendly encounters where success was seemingly measured on how impolite the partners could be to one another.
  • Topic: Economics, Energy Policy, International Trade and Finance, Bilateral Relations
  • Political Geography: Russia, Europe, Asia