Euro & Finance

Economy & Jobs 02-12-2019

Why are European countries against fiscal transparency?

After three years of blocking negotiations, the European Council finally voted on whether to secure fiscal transparency in the EU. True to form, they voted against it, writes Luis Garicano.
Economy & Jobs 23-10-2019

Smart taxation in a fast-changing global economy

Smart taxation is the solution to drive growth, address current and future challenges of economic change and fulfill international goals, whilst at the same time taking into consideration national needs.
Future EU 17-10-2019

Why it makes sense to adopt new own resources for the EU budget

The European Union is forgetting the revenue side of the EU budget to pursue its policies. The new own resources can provide a link to an EU policy, increase ownership, and shape behaviour of citizens, businesses and governments, write a group of Slovak diplomats.
Economy & Jobs 07-10-2019

Practise what you preach: banks should endorse the sustainability practices they publicly support

Paul Tang questions why bank lobbyists are seeking to delay transparency measures that they have publicly endorsed.
Economy & Jobs 22-05-2019

Don’t let politics derail Greece’s economic recovery

With the Greek national elections on the horizon and the European parliamentary elections imminent, political controversy is driving inaccurate pronouncements on the state of the economy in Greece, writes Dimitris Papadimitriou.
Climate change 04-03-2019

Time to get rid of EU’s unanimity rule on green fiscal matters

Taxation is the last EU policy area where decision-making exclusively relies on unanimity. A gradual shift to qualified majority voting would help reach environmental objectives more effectively at a time when action on climate change is more urgent than ever, argue Eero Yrjö-Koskinen, Patrick ten Brink and Emma Watkins.
Economy & Jobs 27-02-2019

Greece 4.0: Leveraging technological change for an inclusive and sustained economic recovery

How can the Greek economy continue its recovery? Investing in skills and technological change will be part of the solution, argues Cyril Muller.

The beacon of sustainable finance in Europe must not lose its flame

One year after the High-Level Expert Group on Sustainable Finance released its final report, the follow up on its recommendations is lagging somewhat behind, writes Catherine Howarth.
Economy & Jobs 12-02-2019

A new era for securitisation?

The coming into force of the simple, transparent and standardised (STS) securitisation rules in January was intended to mark a fresh start for securitisation within Europe. Richard Hopkin examines the likely effects of the EU's new rules on securitisation across the bloc.

EU governments must drive investors’ money where their mouth is

There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.
Economic governance 21-01-2019

ECB reshuffle: The EU can do better than gentlemen’s agreements behind closed doors

Appointments to the European Central Bank's Executive Board are no less than a strategic and political decision over the future of the Eurozone. But experience has shown this process is not transparent, open, and democratic enough to protect the ECB from its legitimacy gap, argue Stanislas Jourdan and Sebastian Diessner.
Economy & Jobs 13-12-2018

Of funds and values: Conditionality in EU cohesion policy

As the EU's multi-annual budget is being negotiated, the amounts and efficiency of spending matter but also priorities and European values when disbursing programmes. Smarter conditionality is needed, triggering less political backlash, and, where needed, direct payment to beneficiaries, argue Benedek Jávor and Laszlo Andor.

Green transition: ECB and budgetary authorities should face their responsibilities

Reforming the rules for coordinating budgetary and economic policies in the eurozone is a necessity to conciliate economic, social and climate objectives, write Olivier Bodin and Michael Vincent.
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Economy & Jobs 05-11-2018

Building a stronger Europe – the case for listed real estate

Listed real estate plays a key role in all aspects of our everyday lives and should be strongly represented in EU policymaking. From spearheading transparency to creating jobs across Europe, the unique contributions of listed real estate is more vital than ever to the EU economy, writes Tobias Steinmann.
Economy & Jobs 26-10-2018

Member states must not let Commission stand against Italy alone

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.
Economy & Jobs 25-09-2018

Rising inequality calls for a new social contract

The gap between rich and poor in Europe has increased compared to thirty years ago, affecting young cohorts in particular. Yet the social protection systems currently in place across European countries were designed during the past century and are no longer fit for the present, argues Cyril Muller.
Central Europe 19-09-2018

Visegrad’s place in the next EU Budget

Vladislava Gubalova argues that Visegrad countries should not be considered as having caught up with older EU members, while taking aim at Sofia for attracting too much financing.
Economy & Jobs 14-09-2018

Lessons from Lehman: It’s the real economy and politics that matter

There are few safeguards against a repeat of the “Great Recession” triggered ten years ago by the collapse of Lehman Brothers, writes Karl Aiginger. However, it will be different from the crisis of 2008 and there is a lot we can do to make it less likely and less severe, he argues.
City of London skyline at sunset
Economy & Jobs 23-08-2018

Time to measure progress to complete Capital Markets Union

Almost three years on from its launch, the Capital Markets Union needs renewed momentum to see it reach fruition and deliver on the promise of deep and well-integrated EU capital markets. Simon Lewis outlines why now is the moment to assess its progress so far.
Banking union 22-06-2018

A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms

The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the 1958-founded EU body and bank should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol.
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Global Europe 18-05-2018

Role of investment hubs in global FDI flows: unknown, unloved?

On May 22, the Investment Facilitation Forum (IFF) holds an event that seeks to clarify the role of investment hubs and explore how their activities are linked to the EU tax agenda, financial regulation and the assistance to developing countries. Ahead of the event, the IFF president shares his view on the importance of distinguishing between investment hubs and tax havens.
Economy & Jobs 15-05-2018

Member states should renew fiscal vows

In 2012, all but two EU member states committed themselves to strengthening the rules and institutions that govern their national budget preparation processes by signing the European Fiscal Compact. However, little has been done since, writes Michal Horvath.
Economy & Jobs 19-04-2018

Making the most of the European Values Instrument

The European Values Instrument can provide a much-needed boost to the weakened resilience of European democracies. However, the details of its structure will determine whether this opportunity will be grasped, write Jan Jakub Chromiec and Katarzyna Pełczyńska-Nałęcz.
Economy & Jobs 17-04-2018

European Parliament sounds the alarm over developing world debt crisis

The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.

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