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An increasing number of politicians and analysts argue that the European Union should boost its ‘strategic autonomy’ and/or develop a higher degree of ‘European sovereignty’. These concepts encompass a greater potential for independence, self-reliance and resilience in a wide range of fields – such as defence, trade, industrial policy, digital policy, economic and monetary policy, and health policy – following a series of events in recent years that have exposed Europe’s vulnerability to external ...

Nearly two months ago, on 20 January, Joseph Biden was sworn in as the 46th President of the United States, at the end of perhaps the most divisive electoral processes in his country's history. The new President's supporters and advocates, including many in Europe, are counting on him to set a new course for the US in global politics, moving to firm up and advance the multilateral, rules-based world order and rekindle America's traditional alliances, notably within the NATO framework. Very high hopes ...

This paper illustrates and discusses the monetary policies activated in response to the COVID-19 crisis. We argue that these policy measures have stabilised the European economic and financial system by incentivising banks’ lending to households and businesses and by indirectly creating short-term fiscal capacity also for those Member States of the euro area that have a very high government debt/GDP ratio. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life ...

Over recent years, the members of the European Council have, in a number of landmark declarations such as the Bratislava Declaration, pointed to the need to improve communication with citizens, as part of the process of building greater trust and confidence in the European Union and its institutions. As social media, and notably Twitter, have become an important part of politicians' communication strategy generally, this study looks specifically at how EU leaders in the European Council communicate ...

EU banks entered the coronavirus crisis with high capital and liquidity buffers resulting from the reforms undertaken after the global financial crisis of 2007-2009. This allowed a bold and swift response by supervisors oriented towards supporting banks’ ability to provide credit to the real economy. This paper provides an overview and an assessment of the regulatory response to the crisis, and suggests some recommendations for the future design of countercyclical regulation.

We analyse the recent policy decisions made by the ECB and the national authorities related to capital, liquidity, and shareholders’ remuneration aimed at promoting credit supply from the banking sector to the coronavirus-afflicted economy. We forecast the impact of the regulatory decisions based on the empirical literature, discuss the factors that reduce the banks’ incentives to expand loan portfolios and develop policy suggestions intended to mitigate the effect of these factors.

This note aims to provide the Members of the ANIT Committee with a state of play on existing literature and data sources on live animal transport through links to key information sources and existing reports and studies.

In response to the COVID-19 crisis, the ECB has relaunched a massive asset purchase programme within its combined-arms monetary strategy. This paper presents and discusses the theory and the evidence of the central bank’s asset purchases, mainly in the euro area. It analyses the role of asset purchase programmes in the ECB’s toolkit and the potential associated risks, focusing specifically on the problems of the programmes’ unwinding. Finally, the paper offers some possible alternatives to the asset ...

This in-depth analysis focuses on the human rights implications of EU external migration policy interventions: (1) identifying human rights obligations owed to third-country nationals when engaging in cooperation with third countries and non-EU actors; (2) assessing the means and level of compliance with these obligations when designing and implementing the main policy instruments; and (3) determining the existence and adequacy of operational, reporting, monitoring and accountability mechanisms available ...

The latest Eurobarometer surveys indicate that there is consistent support for more EU action in various policy areas, including preventing climate change, tackling irregular migration, designing a common foreign and security policy and preventing terrorism. Assuming that the Treaty of Lisbon will be the framework for EU action for the foreseeable future, this paper explores possibilities for broadening the scope of EU action in order to respond to these repeated calls from EU citizens. With a view ...