The rejection of Italy’s draft budget by the European Commission on Tuesday is unprecedented in the history of the Stability and Growth Pact. Member states cannot sit idly by but must take a more active role in the political conflict over fiscal sovereignty.
The euro area economy has at last started to begin recovering convincingly from the past decade’s two recessions. But two big factors will moderate growth in 2018, writes Ilaria Maselli, citing the ageing workforce in Germany as being of particular concern.
To put vigour back into its social model, the discrepancies and contradictions which are the byproducts of the enlargement and deepening of the Union during the last twenty years need to be addressed, writes Alfred Sant.
Whilst the European Union is firmly committed to joining the fight against climate change and developing sustainable finance, the significance of the role the European Central Bank can play is being overlooked, write Ludovic Suttor-Sorel and Frank van Lerven.
Robust and binding criteria are needed to build sustainable capital markets or we risk that both national legislators and financial investors simply ignore their investment’s impact, or revert to greenwashing, writes Anne van Schaik.
2016 did not fall short on anxiety over the eurozone’s fragile economic recovery. From feeble growth to fierce backlash, to full-blown uncertainty, here are three trends that look all but certain to spill over into 2017, writes Ilaria Maselli.
EU institutions were roundly criticised over their handling of the recent economic crisis, so the European Commission’s decision to stop dithering and appoint a panel of experts to scrutinise budgetary performance is both timely and welcome, writes Michal Horvath.
The EU and US administrations have to work, with others, to find an equitable, effective and mutually acceptable solution for taxing the corporate profits of multinational companies, writes Philippe de Schoutheete.
Former Commission President Barroso’s job offer at Goldman Sachs has prompted outrage. But the real problem is the EU’s lack of transparency and democratic oversight. Interaction with the private sector through the so-called “revolving door” should be encouraged, write Katinka Brouwer, Penelope Bergkamp and Dr Lucas Bergkamp.
Budgetary capacities are an important tool to protect the eurozone from economic shocks, and their extension to non-eurozone countries could help with the economic convergence of the newer member states, writes Siegfried Muresan.
The result of the Dutch referendum was the latest in a series of serious setbacks for the European project. The second week of April could be remembered as the moment when all the fronts in Europe’s multifaceted crisis started to converge, writes Jorge Valero.
The eurozone crisis has redrawn the institutional structure of the European Union and intergovernmentalism has become a default mechanism to solve problems in an emergency, but that risks backfiring by exacerbating the democratic deficit and crumbling EU unity, writes Piotr Buras.
The necessity to extend the EU competence in the field of fiscal policy is crucial and it lies in the hands of the European Parliament to address it since the EU lacks credible leadership at the moment, says British Liberal MEP Andrew Duff.
The euro zone needs a new narrative to overcome the current crisis or it runs the risk of a major political split, writes Maria João Rodrigues, a professor at the Institute of European Studies in Brussels and an advisor to the EU institutions, in an exclusive op-ed for EURACTIV.