Europe’s Untapped Capital Market: Rethinking integration after the great financial crisis. Final report of the European Capital Markets Expert Group. Task Force Report, February 2016

In December 2014, ECMI and CEPS formed the European Capital Markets Expert Group (ECMEG) with the aim of providing a long-term contribution to the debate on the Capital Markets Union (CMU) project, proposed by the European Commission. After an intensive, year-long research effort and in-depth discussions with ECMEG members, this final report aims to rethink financial integration policies in the European Union and to devise an EU-wide plan to remove the barriers to greater capital markets integration. It offers a methodology to identify and prioritise cross-border barriers to capital markets integration and provides a set of policy recommendations to improve its key components: price discovery, execution and enforcement of capital markets transactions.

Austria’s thrilling elections will have far-reaching impact on political developments in the EU. EPIN Commentary No. 32, May 2016

After a passionate two-day election, Alexander Van Der Bellen (supported by the Greens) narrowly defeated his far-right wing opponent, Norbert Hofer (Freedom Party of Austria or FPÖ), thereby becoming Austria’s new President (50.3% vs 49.7%). Notably, the ecologist candidate only managed to win thanks to the postal votes counted on the day after the polls closed, whereas anti-EU Hofer was still leading by some 144,000 votes on the previous evening. Such a narrow defeat is likely to have long-term implications for Austrian and European politics.