Taking stock after the Warsaw COP. CEPS Commentary, 4 December 2013

Drawing on his direct participation in the latest round of climate talks in Warsaw, Andrei Marcu looks at the results of the 19th COP through the lens of three basic questions, with a view to understanding how much progress was made and where we stand two years ahead of Paris. Are the targets adequate and how do we reach environmentally adequate targets? Can one understand and compare what other Parties are promising to do to ensure that the level of effort is comparable and equitable, and that companies are not asked to do more than their competitors in other jurisdictions? Is there comparability and equity in the eyes of the beholder? Do we understand what tools each country uses (what is available, what one gets as support) to ensure that no one country (and its companies) gets an easier ride or competitive advantage in meeting the commitment/promises that countries make. The author asserts that these questions need to be answered if an agreement is to be reached in 2015. And if they are not, he warns of mistrust, fear of carbon leakage and the temptation to resort to protectionist measures to compensate for competitive disadvantage.

A post-mortem of the Vilnius Summit: Not yet a ‘Thessaloniki moment’ for the Eastern Partnership. CEPS Commentary, 3 December 2013

In assessing the third Eastern Partnership (EaP) Summit at Vilnius on November 28-29th, this CEPS Commentary concludes that the event fell far short of its initial ambition to define the geopolitical finalité of EU-EaP relations by projecting a path towards future accession to the EU for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

The 2014 European Elections in Poland: Are we in for another uninspiring campaign? EPIN Commentary No. 15, 20 December 2013

In previous European elections, Polish political parties were not able to draw a large number of voters to the polling stations. Poland stood out in the European Union mainly by its extremely low turnout. In light of the current situation in the Polish political scene, this EPIN Commentary predicts that the chances are that the 2014 electoral campaign will also be lacklustre, focused on domestic issues, resulting yet again in a disappointing turnout.

The SRM and the dream to resolve banks without public money. CEPS Commentary, 19 December 2013

In his assessment of the compromise agreement reached on the Single Resolution Mechanisn (SRM), Daniel Gros finds that the popular perception that the periphery has the most to gain from the establishment of a unified resolution regime might have gotten it backwards. In reality, he finds that Germany and other surplus countries have a bigger interest in tying the hands of their national resolution authorities, which have a tendency to be too generous.

The Bank Resolution Compromise: Incomplete, but workable? CEPS Commentary, 19 December 2013

Calling the Single Resolution Mechanism an “inelegant step in the right direction”, this Commentary singles out the Single Resolution Fund, with its considerable mutualisation of risk, as the key advance – but one that will require changes over time in the extremely complex decision-making mechanisms agreed.

Not Making the Lists: The Underrepresentation of Women in EU Politics and Business. EPIN Commentary No. 12, 22 August 2013

The EU has recently been pushing for legislation to strengthen the gender balance on company boards in its member states and indeed, the principle of gender equality is enshrined in the European treaties. Yet, as Vilde Renman points out, women are clearly underrepresented in top positions within EU institutions themselves. The upcoming European Parliament elections are an opportunity for the EU to appoint more women at the highest levels of administration and legislature, thereby setting an example for companies, member states and citizens alike.

Who lost Ukraine? CEPS Commentary, 16 December 2013

In his penetrating look at who lost Ukraine, Ivan Krastev finds that ultimately, everybody got Ukraine wrong. In his view, outsiders need to understand how high the stakes have recently become in the post-Soviet space, where two opposing integration projects are doomed to clash. He concludes that there are only three options left for Ukraine: sign the agreement with the EU, as the majority of Ukrainians want; join Putin’s EurAsEC, as the endangered political elite prefers; or go bankrupt.

Germany as Scapegoat. CEPS Commentary, 10 December 2013

Germany has been an attractive target for external-deficit countries in Europe and beyond, but beating up on Germany alone appears to be the wrong way to get results. This CEPS Commentary by Daniel Gros argues that the discussion of Germany’s surplus confuses the issues in two ways. First, he points out that although the German economy and its surplus loom large in the context of Europe, an adjustment by Germany alone would only modestly benefit the eurozone periphery. Second, in the global context, he finds that adjustment by Germany alone would benefit many countries a little, but other surplus countries including Russia, China and Japan, would benefit disproportionally.

The EU Special Representatives: A dying breed? CEPS Commentary

The recent decision by Baroness Ashton to end the mandate of a number of European Union Special Representatives (EUSRs) and her proposal to integrate these posts within the European External Action Service have raised concerns among member states. In the view of Erwan Fouéré, these developments underline the urgency of a more comprehensive and strategic discussion between Baroness Ashton and the member states on the future role of EUSRs in the EU's expanding foreign policy tool box.

What direction for reforms in China? CEPS Commentary, 9 January 2014

Following the recent ‘third plenum’ in China, CEPS Director Daniel Gros finds that China has reached a difficult crossroads in terms of making the necessary reforms that will foster continued growth and productivity. Continuing in the direction that so far has been followed with astounding success, namely giving the market a greater role and opening to the rest of the world, might no longer be sufficient. He points out, for example, that combating pollution requires more state intervention, not less. And similarly, strengthening a huge, potentially unstable, financial system requires stronger oversight and some continuing separation from the global financial system. Navigating this change in the right direction will be crucial not only for China, but also for the global economy.

Who will monitor the spies? CEPS Commentary, 8 January 2014

A majority of national governments across the EU have long tried to cordon off their practices of mass interception of communications data and cyber-hacking of foreign companies and diplomats from supranational scrutiny by the EU institutions and courts, arguing that they remain within the remit of their ‘exclusive competence’ on grounds of national security. In light of the revelations that some EU member states (namely the UK, France, Germany and Sweden) are running their own secret interception programmes, however, the question of whether the EU can and should intervene becomes more pressing. This commentary, by a team of JHA specialists at CEPS, offers four important legal reasons why the covert surveillance programmes of member states should not be regarded as falling outside the scope of EU intervention.

The New EU Climate and Energy Package: Passing the test? CEPS Commentary, 6 January 2014

On 22 January 2014, the European Commission is expected to publish the proposals for the 2030 Framework for Climate and Energy Policies, which will be discussed and possibly – or maybe, partly – agreed during the 20-21 March 2014 European Council. This is the first comprehensive review of the 2007-09 Climate and Energy Package, which resulted in the so-called ‘20-20-20’ targets by 2020. The principal intention is to define the EU’s climate change and energy policy framework for the next decade and beyond to give investors an adequate amount of predictability if not certainty. This Commentary argues, however, that the ‘2030 Framework’ is not just about predictability; it is also about making the proper adjustments based on the lessons learned and also in response to new issues that have emerged in the interim. The authors ask what the main lessons are and how they should influence the 2030 Framework. Or put differently, what are the conditions that the “2030 Framework” will need to meet in order to offer a viable package for discussion?

What does the UK want from an EU renegotiation, and what terms can it expect? CEPS Commentary, 7 January 2014

In this new CEPS Commentary, John Bruton considers some likely consequences of the UK’s renegotiation of its membership of the EU, in terms of the UK’s own national interest, its relations with its European neighbours and the future effectiveness of a ‘revised’ EU.

Bilateral Disputes – A dark cloud over the Balkans. CEPS Commentary, 24 January 2014

Countless bilateral disputes continue to plague the Balkan region; daily reminders of the region's troubled history. Not only are they the cause of tension between the countries of the region both inside and outside the EU, they also undermine efforts to integrate the region into the EU. To avoid the risk of instability and further erosion of the credibility of the EU's enlargement strategy, urgent action is required. The author sets out four recommendations for the EU to pursue without delay.

Yes, it’s the economy, stupid, but is it demand or supply? CEPS Commentary, 24 January 2014

Paul De Grauwe writes in this new CEPS Commentary that the recent and surprising conversion of François Hollande to supply-side economics completes the victory of the northern European policy-makers who believe that insufficient aggregate demand should be fought exclusively by supply-side measures. In his view, however, it is not the first time in post-war history that economists and policy-makers apply the wrong medicine; or to put it differently, it's akin to some generals who fight a new war by applying the strategies developed for the previous war.