Search

You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Political Geography Europe Remove constraint Political Geography: Europe
Number of results to display per page

Search Results

  • Author: Uuriintuya Batsaikhan, Robert Kalcik, Dirk Schoenmaker
  • Publication Date: 02-2017
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: London is an international financial centre, serving European and global clients. A hard Brexit would lead to a partial migration of financial firms from London to the EU27 (EU minus UK) to ensure they can continue to serve their EU27 clients. Four major cities will host most of the new EU27 wholesale markets: Frankfurt, Paris, Dublin and Amsterdam. These cities have far fewer people employed in finance than London. Moreover, they host the European headquarters of fewer large companies. The partial migra- tion of financial firms will thus have a major impact on these cities and their infrastructures. Banks are the key players in wholesale markets. United States and Swiss investment banks, together with one large German and three large French banks, will make up the core of the new EU27 wholesale markets. Some Dutch, Italian and Spanish banks are in the second tier. The forex, securities and derivatives trading markets are now in London. We map the current, limited market share of the four major cities that might host the EU27 client business. The expected migration of financial trading will lead to a large increase in trading capacity (eg bank trading floors). Clearing is the backbone of modern financial markets. A comparative overview of clearing facilities in the EU27 shows that Germany and France have some clearing capacity, but this will need to be expanded. The ownership of clearing is often intertwined with stock exchanges. Were the planned LSE-Deutsche Börse merger to go ahead, LSE would sell the Paris subsidiary of its clearinghouse. In terms of legal systems, there is an expectation that trading activities will be able to continue under English contract law, also in the EU27. A particular challenge is to develop FinTech (financial technology) in the EU27, as this innovative part of the market is currently based in London. We estimate that some 30,000 jobs might move from London to the EU27. This will put pressure on the facilities (infrastructure, offices, residential housing) in the recipient cities. The more the European Union market for financial services is integrated, the less need there will be for financial firms to move to one location, reducing the pressure for all facilities to be in one city (see Sapir et al, 2017, which is a companion piece to this paper).
  • Topic: International Political Economy, International Trade and Finance, Brexit
  • Political Geography: Britain, Europe
  • Author: Maria Demertzis, André Sapir, Guntram Wolff
  • Publication Date: 02-2017
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: The United States is the European Union’s most important trade and bilateral investment partner, which has, until now, supported a multilateral trade system and European integration and has provided a security guarantee to the countries of the EU. But like other advanced economies, the US’s relative weight in the global economy has declined. The new US administration seems intent on replacing multilateralism with bilateral deals. In trade, it aims to secure new trade deals in order to reduce bilateral trade deficits and to protect, in particular, the US manufacturing sector. In climate policy, the US commitment to the Paris Agreement is being questioned. In defence, the security umbrella appears less certain than previously. The overall promise behind this change of direction is to put ‘America first’ and deliver better results for US citizens.
  • Topic: International Political Economy, International Trade and Finance, Bilateral Relations, Multilateral Relatons, Political stability
  • Political Geography: Europe, United States of America
  • Author: Andre Sapir, Dirk Schoenmaker, Nicolas Veron
  • Publication Date: 02-2017
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: The United Kingdom’s exit from the European Union creates an opportunity for the remaining EU27 to accelerate the development of its financial markets and to increase its resilience against shocks. Equally, Brexit involves risks for market integrity and stability, because the EU including the UK has been crucially dependent on the Bank of England and the UK Financial Conduct Authority for oversight of its wholesale markets. Without the UK, the EU27 must swiftly upgrade its capacity to ensure market integrity and financial stability. Furthermore, losing even partial access to the efficient London financial centre could entail a loss of efficiency for the EU27 economy, especially if financial developments inside the EU27 remain limited and uneven.
  • Topic: Economics, International Political Economy, International Trade and Finance, Political stability, Brexit
  • Political Geography: Britain, Europe
  • Author: Robert Kalcik, Guntram Wolff
  • Publication Date: 01-2017
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: Brexit offers a political opportunity for the European Parliament to reform the allocation of seats to member states. This Policy Contribution explores different options for reform and their implications for equality of representation and distribution of seats to countries, within the constraints set by the EU treaties.
  • Topic: International Organization, International Affairs, Political Theory, European Union, Democracy, Brexit
  • Political Geography: Europe
  • Author: Zsolt Darvus
  • Publication Date: 01-2017
  • Content Type: Policy Brief
  • Institution: Bruegel
  • Abstract: The ‘poverty’ target set by the European Commission aims to lift “over 20 million people out of poverty” between 2008 and 2020 in the EU27. Progress to date against this target has been disappointing. Why is it so hard to reach the Europe 2020 ‘poverty’ target? What does the poverty indicator actually measure?
  • Topic: Economics, International Political Economy, International Trade and Finance, Poverty
  • Political Geography: Europe
  • Author: Mikkel Runge Olesen, Matthew Hinds
  • Publication Date: 01-2017
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: The election of Donald Trump as US president was met with considerable unease in Europe. This has not least been the case among those who, like the UK and Denmark, consider themselves among America’s closest allies. In the policy brief, Matthew Hinds and Mikkel Runge Olesen take stock of the US special relationships in Europe – large and small. In the policy brief they discuss both the classical “Special Relationship” between the US and the UK, as well as the US-Danish relationship, as an example of a small power that has chosen to give the relationship to the superpower premium priority. Hinds and Runge Olesen find that Trump may destabilize relations, but also that he may open up for new opportunities as well – especially for the UK.
  • Topic: International Relations, International Affairs
  • Political Geography: Britain, America, Europe
  • Author: Hamza Meddeb
  • Publication Date: 01-2017
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: Six years since the revolution, the success of democracy in Tunisia depends on those parts of the country where the popular uprising began: its ‘periphery’, whose regions lag far behind the country’s economically more developed coast. Tunisia’s periphery regions suffer from weak economic growth and high levels of poverty and unemployment – a legacy of decades of underinvestment. Regional conflict, terrorism and organised crime have led the government to crack down on security threats in the periphery regions. This has disrupted the informal and illegal economic networks on which much of the population relies and caused it to lose faith in the government. Tunisia has enjoyed extensive support from international partners since 2011 – money is not the problem. Instead, the country must strengthen its regional governance and address fragmentation at the heart of government. Europeans can radically alter the terms of debate by offering Tunisia membership of the European Economic Area, galvanising change in support of its journey towards democracy and stability.
  • Topic: International Relations
  • Political Geography: Europe
  • Author: Claire Dhéret, Marco Giuli
  • Publication Date: 06-2017
  • Content Type: Policy Brief
  • Institution: European Policy Centre
  • Abstract: Energy poverty, defined as the "inability to afford basic energy services such as adequate warmth, cooling, lighting and the energy to power appliances due to a combination of low income, high energy expenditure and poor energy efficiency of dwellings",2 has recently been on the radar of policymakers, leading to some efforts in tackling the issue. Yet, developing adequate policy solutions has remained difficult both at the national and European level, not least due to the complexity and the multidimensional nature of the phenomenon and the limited competences of the European Union (EU) in the social area. Thus, despite some positive developments, there still is a long journey towards eradicating energy poverty. This paper presents some milestones along the way and recommendations for the future.
  • Topic: Climate Change, Energy Policy
  • Political Geography: Europe
  • Author: Fabrizio Tassinari, Sebastian Tetzlaff
  • Publication Date: 06-2017
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: The election of pro-European Emmanuel Macron as president of France has reignited hopes that the so-called Franco-German engine, providing political impetus to European integration in the past decades, might be revived. While Macron’s election proved a rebuke to the populist challenge, it remains to be seen whether and how it will manage to rebalance the partnership with Berlin, which is overwhelmingly premised on Germany’s growing strength and clout at the European level. While pronouncing herself supportive of the new course in Paris, Chancellor Angela Merkel, like the rest of Europe, remains in a wait-and-see position regarding the ability of President Macron to fulfil his ambitious pro-EU agenda.
  • Topic: International Affairs
  • Political Geography: Europe
  • Author: Andrea Teti, Pamela Abbott
  • Publication Date: 04-2017
  • Content Type: Policy Brief
  • Institution: Arab Transformations Project, University of Aberdeen
  • Abstract: The EU views itself as a normative actor and stresses the importance of working in partnership with its Southern Neighbourhood in reaching its intertwined goals of security, stability, inclusive development and shared prosperity, and of strengthening democratisation, human rights and the rule of law across the Mediterranean. The Arab Transformations Project public opinion survey carried out in 2014 in six countries – Egypt, Iraq, Jordan, Libya, Morocco and Tunisia – sheds some light on this on how citizens viewed the EU and its involvement with their own countries, as well as the extent to which they thought EU policies addressed their concerns.
  • Topic: International Affairs, International Development
  • Political Geography: Europe, Middle East
  • Author: Andrea Teti, Pamela Abbott
  • Publication Date: 04-2017
  • Content Type: Policy Brief
  • Institution: Arab Transformations Project, University of Aberdeen
  • Abstract: Corruption is the antithesis of the Rule of Law and erodes the discourse of fairness and mutual consideration which is necessary for peace, prosperity and socioeconomic development. It increases the risk of state capture and resistance to change by the political elite. It results in poor public management and resource allocation and an inequitable distribution of resources and national wealth. It is a problem not just for individual countries but also for harmonious diplomatic and economic relations. The European Union’s Neighbourhood Policy is intended to help its near neighbours develop into a sustainable economic, social and political stability. At the same time the EU deploys normative leadership to promote a social and political security based on a respect for human rights, a dependence on the Rule of Law and a style of governance which can listen to its people and can face replacement, if need be, without the need for armed confrontation. For this, the extent of corruption in MENA is a serious problem. Keywords: Corruption, Middle East, Arab Spring
  • Topic: Corruption, International Law
  • Political Geography: Europe, Middle East
  • Author: Selena Florensa
  • Publication Date: 09-2017
  • Content Type: Policy Brief
  • Institution: IEMed/EuroMeSCo
  • Abstract: This paper is dedicated to answer the Joint Consultation Paper on the ENP review and it refers to the methodological support of an early exercise of the 6th Euromed Survey carried out among EuroMeSCo network experts. With the aim of giving a consistent structure to the many issues addressed by the Joint Consultation Paper, this study was divided into three main chapters. The first chapter tackles the redefinition of the ENP policy framework, which is vital in order to build an instrument coherent with reality, especially in what concerns the geographical scope of the policy, the actors and interlocutors it has to involve and the balance between interests and values. The second chapter is methodological and targets several flaws of the current policy arrangement and tools, while it proposes substantial and detailed changes for a more effective policy through the definition of priority policy areas and the combination of different tools. In the last chapter, key strategic issues on the outset and implementation of the ENP are addressed: a better coordination between Members States and the European Union and between the EEAS and the European Commission is of paramount importance in order to ensure the functioning of the policy.
  • Topic: International Affairs
  • Political Geography: Europe
  • Author: Marek Wasinski
  • Publication Date: 04-2016
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: In a communication of 12 April, the European Commission assessed the potential political and economic consequences of suspending visa exemption for U.S. citizens. Lacking pressure from individual EU Member States, the Commission discouraged such a move and gave the EU Council and European Parliament three months to take an official position. It seems almost certain that the measure of applying pressure on a non-EU country will not be used to help Poland and four other Member States obtain visa-free travel to the United States or other countries with a similar restriction. However, if current trends continue, Poland should join the U.S. Visa Waiver Programme in five years.
  • Topic: Economics, Politics, European Union, Citizenship
  • Political Geography: United States, Europe
  • Author: Damian Wnukowski
  • Publication Date: 02-2016
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: The transformation of ASEAN into an economic community is a significant step in the organisation’s integration process. The project, formally launched at the beginning of 2016, aims at creation of a single market of more than 620 million people, loosens the flow of goods, services and investment, which should underpin regional economic growth and catch the attention of foreign businesses. However, obstacles to economic cooperation remain, such as limitations on the movement of labour or capital, which shows that the integration process is not yet complete. The EU, which can benefit from a well-functioning market in this region, should share its own experience to support the ASEAN integration process.
  • Topic: Economics, International Trade and Finance, Markets, Politics, Labor Issues
  • Political Geography: Europe
  • Author: Piotr Kościński
  • Publication Date: 01-2016
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: At a time when many European countries are strengthening border protection (including building walls), migrants will seek new avenues to Europe. In this context and of particular importance will be the policy of the authorities of Ukraine, which currently, and despite the still unstable situation in the country (war in the east and economic problems) could become the country of choice for migrants. Another problem for Kyiv may be internal migration. Both forms increase the risk of migration to EU countries such as Poland, Hungary, Slovakia and Romania, which are neighbours of Ukraine. In this situation, additional EU assistance to the authorities in Kyiv will be necessary.
  • Topic: Economics, Migration, Politics, Governance
  • Political Geography: Europe, Ukraine
  • 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
  • Author: Teija Tiilikainen
  • Publication Date: 10-2016
  • Content Type: Policy Brief
  • Institution: The Finnish Institute for International Affairs
  • Abstract: The direct implications of Brexit for the EU’s political system will be less significant than the indirect consequences, opening up possibilities for reform. The treaty rules on a qualified majority in the Council might need to be reconsidered due to Brexit, which will also lead to a major reshuffle of the EU’s critical political groups in the European parliament after the 2019 EP elections. The political pressure to consolidate the EMU in terms of strengthening its governance and its own fiscal capacity may grow as a part of the general reform process following on from Brexit. If the treaties are reopened, principled amendments to the institutions and decision-making of the common foreign and security policy as well as further steps within the common security and defence policy are very likely to occur. Any internal reform project shouldn’t compromise the unity and coherence of the EU any further, however, as it is currently highly exposed to both internal and external pressures.
  • Topic: International Relations, International Political Economy, European Union, Brexit
  • Political Geography: Europe
  • Author: Fabrizio Tassinari , Sebastian Tetzlaff
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: While the refugee crisis has exposed the severe limitations of EU decision-making, German choices have had a knock-on effect on the rest of Europe. The politicization of German migration policy will likely force Angela Merkel to take a step towards more conservative positions ahead of the 2017 federal election. This will again require the EU to adjust to Berlin’s policy turns.
  • Topic: Foreign Policy, Migration, Immigration, Geopolitics
  • Political Geography: Europe, Germany
  • Author: Maybritt Jill Alpes, Ninna Nyberg Sørensen
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: The current European Agenda on Migration aims at reducing the arrival of asylum seekers and irregular migrants. For this purpose, various mechanisms of ‘effective and humane return’ are introduced. But can deportation ever be humane and what would be required? VU postdoc researcher Maibritt Jill Alpes and DIIS senior researcher Ninna Nyberg Sørensen take a closer look at international cooperation on migration and the risks migrants and rejected asylum seekers may face upon a forced return. They argue that international cooperation on migration has criminalized departure and consequently contributed to put forcible retuned people at risk not only of economic and psychosocial harm, but also of monetary extraction, arbitrary detention and criminal persecution in the hands of state agents. They argue that more emphasis must be put on different post-deportation risks and measures to avoid them in order to guarantee the safety of border apprehended and returned persons.
  • Topic: Foreign Policy, International Cooperation, Immigration, Refugee Crisis
  • Political Geography: Europe
  • Author: Dick Zandee
  • Publication Date: 12-2016
  • Content Type: Policy Brief
  • Institution: Clingendael Netherlands Institute for International Relations
  • Abstract: The newly launched European Defence Action Plan (EDAP) opens the door to EU spending on defence. This Policy Brief analyses why the EDAP has been launched, what it is and how it will work in practice. It argues that the plan is a step change in the European Commission’s growing involvement in defence and a potential game changer in solving the problem of European military shortfalls. European capitals should therefore embrace the new kid on the block and make full use of the potential offered by the EDAP.
  • Topic: Defense Policy, International Political Economy, Military Affairs
  • Political Geography: Europe, Global Focus