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Euro Area Scrutiny: External expertise on economic governance issues during the 8th Parliamentary term

24-06-2019

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

Uzbekistan comes in from the cold: A new era of reforms

17-12-2018

Until recently, Uzbekistan was one of the most repressive countries in the world. Under its long-time leader Islam Karimov, human rights abuses included torture, child and forced adult labour, as well as severe restrictions on religious freedom, the media and civil society. Following Karimov's death in 2016, his successor Shavkat Mirziyoyev has launched an ambitious reform programme. Some of the worst human rights abuses (such as torture and forced labour) have been phased out, or at least diminished ...

Until recently, Uzbekistan was one of the most repressive countries in the world. Under its long-time leader Islam Karimov, human rights abuses included torture, child and forced adult labour, as well as severe restrictions on religious freedom, the media and civil society. Following Karimov's death in 2016, his successor Shavkat Mirziyoyev has launched an ambitious reform programme. Some of the worst human rights abuses (such as torture and forced labour) have been phased out, or at least diminished. Judges have become more independent, and the parliament has gained new powers. Steps have been taken to make the country's civil service more accountable to citizens. Media and civil society now have slightly more freedom to operate. Political reforms have been flanked by economic liberalisation. Barriers to trade and investment are being lifted, including by floating the som, the Uzbek currency, and by cutting red tape for businesses. On foreign policy, Uzbekistan has repaired ties with all its main international partners, from the US and EU to Russia and China. The most dramatic change has been the shift from Karimov-era confrontation with neighbours, such as Kyrgyzstan and Tajikistan, to regional cooperation. These are highly positive changes, but Uzbekistan still has a long way to go. The economy remains largely state-controlled and uncompetitive, and liberalising reforms need to continue. On the political front, the system remains fundamentally authoritarian, and transition to genuine multiparty democracy seems unlikely.

Thematic overview: Member States whose 2019 DBPs are "at risk of non-compliance" with the Stability and Growth Pact

07-12-2018

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further ...

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further assessments by the COM become available during spring 2019.

Challenges for the euro area [What Think Tanks are thinking]

09-11-2018

The discussion on how to deepen and improve the functioning of Economic and Monetary Union (EMU) continues on several fronts. Issues under discussion include euro-area governance, the role of the European Central Bank (ECB), the fiscal rules, debt-mutualisation, risk-sharing, and the nature of, and political compromises between, French and German perspectives within the system. The dispute between Italy and the European Commission over the former’s budget for 2019 is now a major topic for discussion ...

The discussion on how to deepen and improve the functioning of Economic and Monetary Union (EMU) continues on several fronts. Issues under discussion include euro-area governance, the role of the European Central Bank (ECB), the fiscal rules, debt-mutualisation, risk-sharing, and the nature of, and political compromises between, French and German perspectives within the system. The dispute between Italy and the European Commission over the former’s budget for 2019 is now a major topic for discussion at Eurogroup meetings, as are Banking Union and the sustainability of economic growth, notably in light of the expected tapering of the ECB’s bond-purchase programme. In a separate development, European Commission President Jean-Claude Juncker has proposed increasing the international role of the euro, which some analysts say could replace the US dollar in certain international transactions, given the volatility of US economic policies. This note brings together commentaries, analyses and studies by major international think tanks and research institutes on challenges facing the euro area and related issues. Earlier publications on the topic can be found in a previous edition of 'What Think Tanks are Thinking' published in June 2018.

Seven economic challenges for Russia: Breaking out of stagnation?

18-07-2018

This publication describes the current condition of the Russian economy, which has suffered recently from external shocks, such as a collapse in oil prices and Western sanctions. However, it argues that poor economic performance has more to do with long-term internal problems, including a lack of competitive markets, low levels of investment, an absence of innovation and excessive dependence on natural resources. Finally, it discusses President Putin's promises of economic reforms to tackle such ...

This publication describes the current condition of the Russian economy, which has suffered recently from external shocks, such as a collapse in oil prices and Western sanctions. However, it argues that poor economic performance has more to do with long-term internal problems, including a lack of competitive markets, low levels of investment, an absence of innovation and excessive dependence on natural resources. Finally, it discusses President Putin's promises of economic reforms to tackle such issues, and evaluates the prospects for major change.

The role of the Basel Committee on Banking Supervision (BCBS)

20-10-2017

This briefing gives an overview of the role of the Basel Committee on Banking Supervision (BCBS) in setting international standards in banking regulation and supervision. It also raises the questions on how the preparatory work is organised in the European Union in order to enhance transparency and co-operation.

This briefing gives an overview of the role of the Basel Committee on Banking Supervision (BCBS) in setting international standards in banking regulation and supervision. It also raises the questions on how the preparatory work is organised in the European Union in order to enhance transparency and co-operation.

EU labour markets [What Think Tanks are thinking]

16-10-2017

Economic recovery has reduced the unemployment rate in the euro area and the wider European Union, but there are still significant challenges for EU labour markets. These include increasing inequalities, the effect of the digital revolution and globalisation on jobs, the impact of the posting of workers abroad within the EU, persistently high youth and long-term unemployment, and integration of migrants. The European Commission is pushing ahead with its European Pillar of Social Rights package to ...

Economic recovery has reduced the unemployment rate in the euro area and the wider European Union, but there are still significant challenges for EU labour markets. These include increasing inequalities, the effect of the digital revolution and globalisation on jobs, the impact of the posting of workers abroad within the EU, persistently high youth and long-term unemployment, and integration of migrants. The European Commission is pushing ahead with its European Pillar of Social Rights package to strengthen the social dimension of Economic and Monetary Union. This note offers links to recent commentaries and reports by major international think tanks and research institutes on the state and possible reforms of EU labour markets as well as social policies. More reports on social policies can be found in a previous edition of 'What Think Tanks are Thinking' published in May 2017.

Challenges for EU cohesion policy: Issues in the forthcoming post-2020 reform

29-09-2017

The debate on the shape of the post-2020 cohesion policy is well under way. Stakeholders have identified a number of principal issues or questions in this regard, relating to the operation of the policy itself as well as its impact and relationship with other EU polices and with the wider goals and objectives of the Union. One issue debated is how cohesion policy can best contribute to the twin objectives of competitiveness and cohesion. Finding the most efficient form of support is another important ...

The debate on the shape of the post-2020 cohesion policy is well under way. Stakeholders have identified a number of principal issues or questions in this regard, relating to the operation of the policy itself as well as its impact and relationship with other EU polices and with the wider goals and objectives of the Union. One issue debated is how cohesion policy can best contribute to the twin objectives of competitiveness and cohesion. Finding the most efficient form of support is another important point of discussion: should it be grants, repayable assistance, financial instruments, or possibly a mix of all of these along with further thematic concentration? In addition, the way that cohesion policy addresses new or growing challenges such as migration has been raised. Simplification of the policy for beneficiaries, flexibility, the importance of achieving better governance, and the contribution of cohesion policy to the EU's economic governance are all widely debated. Other specific matters raised relate to the urban dimension in cohesion policy and the impact that the policy can have upon growth, jobs and innovation in sparsely populated areas, regions lagging behind and regions with special geographical characteristics. The departure of the United Kingdom from the EU will have a significant impact on the EU budget and consequently on the financial envelope for cohesion policy. Finally, the European Commission (EC) has published a number of white papers on the future of the EU that provide further ideas for reflection on the overall functioning and priorities of the Union. These reflections also have repercussions for cohesion policy. This briefing is an update of an earlier edition, published in February 2017.

Economic effects of reform in professional services

15-09-2017

This briefing is based on: World Bank Regular Economic Report; van der Marel, E., J. Kren and M. Iootty (2016) "Services in the European Union: What Kinds of Regulatory Policies Enhance Productivity?", World Bank Policy Research Paper Series, No. 7919: http://bit.ly/2dtb45p; van der Marel, E. (2017) “Reforming Services: What Policies Warrant Attention?”, ECIPE Five Freedoms Policy Brief, No. 1/2017: http://bit.ly/2uhzI3W. It was prepared by Policy Department A for the Internal Market and Consumer ...

This briefing is based on: World Bank Regular Economic Report; van der Marel, E., J. Kren and M. Iootty (2016) "Services in the European Union: What Kinds of Regulatory Policies Enhance Productivity?", World Bank Policy Research Paper Series, No. 7919: http://bit.ly/2dtb45p; van der Marel, E. (2017) “Reforming Services: What Policies Warrant Attention?”, ECIPE Five Freedoms Policy Brief, No. 1/2017: http://bit.ly/2uhzI3W. It was prepared by Policy Department A for the Internal Market and Consumer Protection Committee.

Zunanji avtor

Dr Erik Van Der Marel

De jure versus de facto labour rights in China

20-06-2017

For China, striking the right balance between using its abundant, cheap workforce as a competitive advantage and protecting labour rights has been a major challenge. Although China has developed a considerable body of law governing labour relations, there is still a huge gap between the labour rights on the statute books and those enjoyed by workers in practice. Over-riding economic interests to attract foreign investors and to boost economic growth have seriously undermined effective labour rights ...

For China, striking the right balance between using its abundant, cheap workforce as a competitive advantage and protecting labour rights has been a major challenge. Although China has developed a considerable body of law governing labour relations, there is still a huge gap between the labour rights on the statute books and those enjoyed by workers in practice. Over-riding economic interests to attract foreign investors and to boost economic growth have seriously undermined effective labour rights enforcement. China's vanishing demographic dividend may require a new balance.

Prihajajoči dogodki

01-10-2019
Health threats from climate change: Scientific evidence for policy-making
Drug dogodek -
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