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EPRS invites leading experts and commentators to share their thinking and insights on important features of the European Union as a political and economic system. In this paper, Iain Begg, Professorial Research Fellow at the London School of Economics (LSE), reflects on the distinctive characteristics of the EU as the world's leading exemplar of regional economic integration, and its unique experience since the 1950s in generating collective public goods for its Member States as a foundation for ...

15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways ...

The Proposed Minimum Wage Directive

Lühitutvustus 24-11-2020

Following a two-stage consultation of social partners launched in February 2020, on 28 October, the European Commission published its proposal for a directive on adequate minimum wages in the European Union.

Stepping up Roma inclusion policies

Lühitutvustus 06-07-2020

The European Commission has announced its intention to adopt a new EU policy framework for tackling socio-economic exclusion and discrimination against people with a Romani background by the end of the year. The European Parliament is drawing up detailed recommendations. In the meantime, a debate and Council and Commission statements are planned for the plenary session in July.

Economic and monetary union

Briefing 02-07-2020

Launched almost three decades ago, economic and monetary union (EMU) represents a very important step in the process of European economic integration. However, the recent sovereign debt crisis highlighted its incomplete design and some inherent instabilities. A series of measures were therefore taken to deepen EMU and thereby to increase its resilience. They can be grouped in three main categories: monetary measures, measures intended to complete the single market, and measures aimed at strengthening ...

This EPRS paper focuses on the economic benefits of common action at European level and the risk involved if the current coronavirus crisis and its aftermath were to stall or reverse the process of European integration. It attempts to quantify the losses from: (i) any gradual dismantling of the EU project - where cautious estimates suggest that erosion of the EU single market alone would cost the European economy between 3.0 and 8.7 per cent of its collective GDP (this would be existing 'European ...

This study provides a review of the EU Framework for National Roma Integration Strategies (NRIS) up to 2020. It was produced at the request of the Committee for Civil Liberties. Justice and Home Affairs (LIBE) and the Committee for Employment and Social Affairs (EMPL) to feed into the discussions regarding the post-2020 Framework. The study provides a synthesis of evaluations and opinions of the Framework. It gives an appreciation of the coordination, consultation and monitoring structures and the ...

Originally commissioned for a committee delegation which had to be postponed due to the Coronavirus measures, the full study has now been published to mark International Roma Day on 8 April 2020. It attempts to provide an overview of the situation of Roma communities in Slovakia, by first presenting key indicators on their employment and poverty levels, reviewing existing social and employment policies. Second, it discusses the situation of Roma children in education. Third, the paper presents achievements ...

The idea of issuing joint debt instruments, in particular between euro-area countries, is far from new. It has long been linked in various ways to the Union's financial integration process and in particular to the implementation of economic and monetary union. In the first decade of the euro, the rationale for creating joint bonds was to reduce market fragmentation and thus obtain efficiency gains. Following the financial and sovereign debt crises, further reasons included managing the crises and ...

Originally commissioned for a delegation which had to be postponed due to the Coronavirus measures, this analysis is being published to mark International Roma Day on 8 April 2020. The paper first presents key indicators on employment and poverty and reviews existing social and employment policies. Second, it discusses the situation of Roma children in education. Third, the paper presents achievements and lessons learned of EU funds used for marginalized communities and, finally, it reviews the work ...