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The free trade agreement (FTA) with Vietnam has been described as the most ambitious deal of its type ever concluded between the EU and a developing country. Not only will it eliminate over 99 % of customs duties on goods, it will also open up Vietnamese services markets to EU companies and strengthen protection of EU investments in the country. According to European Commission figures, the FTA could boost Vietnam's booming economy by as much as 15 % of GDP, with Vietnamese exports to Europe growing ...

This study, commissioned by the European Parliament’s Policy Department for Economic and Scientific Policy at the request of the Committee on Employment and Social Affairs, provides an overview of the Posting of Workers Directive, focussing on the current situation and major patterns regarding the posting of workers in the EU, major problems and challenges, and how these patterns have translated political, as well as jurisdictive, debates and proposals to improve the regulation of this specific form ...

Overview of EMU

Eingehende Analyse 15-06-2016

This note focusses on selected policy issues as outlined in the Five Presidents’ Report and which are relevant for parliamentary work. The note provides an overview of the main steps undertaken and of the proposals planned to make EMU more resilient to shocks by addressing the policy and governance challenges unveiled by the financial crisis. These include: i) labour and product market reforms to rise long-term productivity and growth; ii) financial integration (Banking Union) to improve market confidence ...

Insgesamt hat sich die Kommission bemüht, die Informationen in der Folgenabschätzung auf der Grundlage externer Fachkenntnis und umfassender Konsultation so klar und transparent wie möglich darzulegen. Die beschränkte Verfügbarkeit von Daten legt jedoch den Schluss nahe, dass die qualitativen und quantitativen Belege, die zur Untermauerung der Problemdefinition und der Abschätzung der Folgen herangezogen wurden, genauer untersucht werden müssen. Außerdem hätte sich eine klarere Erläuterung im Hinblick ...

This paper assesses economic policy coordination in the euro area under the European Semester, which is a yearly process of the European Union aimed at improving economic policy coordination and ensuring the implementation of the EU’s economic rules.

Brazil: Economic situation

Auf einen Blick 30-10-2015

Following a cycle of steady growth at the end of the last decade, the Brazilian economy began to contract in 2011, and entered a technical recession in 2015. Declining exports, rising inflation, a growing deficit and corruption have destabilised the economy. Its future course will depend on fiscal adjustment, inflation control and on bolstering the economy's credibility.

Setting minimum wages are a direct way for governments to influence wage levels. Even though they are one of the most analysed and debated topics in economics, their impact on (un-)employment, growth and poverty remains ambiguous. For some experts, the rise of minimum wages will lead to job losses, as it increases the cost of labour. Others argue that minimum wages not only prevent the creation of a 'working poor' class, but create jobs by increasing employee purchasing power. The empirical evidence ...

In the wake of the crisis, gross wages in the euro area fell by 3.1% in 2009. They started to grow again, by 2.0%, in 2011 and the European Commission forecasts an increase of trend growth to 3.5% for 2016. Net earnings are only increasing slightly, however. Convergence in wage levels in the euro area remains static. Income inequality has increased in two thirds of EU countries since 2006, specifically for low-wage earners. In the euro area, inequality increased in ten Member States: Luxembourg, ...

This note prepared by Economic Governance Support Unit provides a summary of external briefing papers presented in view of the Economic Dialogue with Eurogroup President Jeroen Dijsselbloem of 24 February 2015. The main objective of these papers was to analyse and suggest the most a appropriate policy measures at the euro area and national levels so as to help bringing debt dynamics on a sustainable path and fostering economic convergence.