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Policy Contribution

The long-term EU budget: size or flexibility?

The EU is in the process of negotiating its 2014-20 financial framework. Failure to reach an agreement would imply a delay in the preparation of the strategic plans each member state puts together to explain how it will use Structural and Cohesion Funds. Even if solutions are found – for example annual renewals of the budget based on the previous year's figures – there will be political and institutional costs. EU leaders have too often and too forcefully advocated the use of the EU budget for growth to be able to drop the idea without consequences.

By: Date: November 23, 2012 Topic: European Macroeconomics & Governance

• The overwhelming attention paid to the size of the budget is misplaced. EU leaders should instead aim to make the EU budget more flexible, safeguard it from future political power struggles, and reinforce assessment of the impact of EU funded growth policies.
• To improve flexibility a commitment device should be created that places the EU budget above continuous political disagreement. We suggest the creation of a European Growth Fund, on the basis of which the European Commission should be allowed to borrow on capital markets to anticipate pre-allocated EU expenditure, such as Structural and Cohesion Funds. Markets would thus be a factor in EU budget policymaking, with a potentially disciplining effect. Attaching conditionality to this type of disbursement appears legitimate, as capital delivered in this way is a form of assistance.

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Past Event

Past Event

The EU27’s trade-offs in setting policy on central counterparties

This workshop aims to investigate the trade-offs involved in the next steps of decision-making for the future EU27 policy regarding central counterparties (CCPs / clearing houses).

Speakers: Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 5, 2017
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Parliamentary Testimony

House of Commons

Exiting the European Union Committee

On 19 April 2017 Zsolt Darvas appeared as a witness at the Exiting the European Union Committee, the House of Commons, United Kingdom.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, House of Commons, Testimonies Date: June 20, 2017
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Policy Contribution

Going local: empowering cities to lead EU decarbonisation

Decarbonisation and digitalisation are reshaping the European energy system, which will become more decentralised and interconnected with other sectors. Cities have the opportunity to be the key drivers of decarbonisation, but this will require the implementation of a new bottom-up governance system. This paper outlines a four-step mechanism in order to achieve decarbonisation at city level.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: November 30, 2016
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The difficulties of defining EU-UK economic relations

Negotiations on the UK's exit from the EU have not yet begun, but the UK leadership needs to find a balance between single market access and free movement. There are also tensions between the demands of voters and what EU partners can plausibly agree. Guntram Wolff doubts the likelihood of a Norway- or Switzerland-style deals, and urges caution on all sides.

By: Guntram B. Wolff Topic: European Macroeconomics & Governance Date: July 19, 2016
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Policy Contribution

The UK’s EU vote: the 1975 precedent and today’s negotiations

As the United Kingdom will hold a referendum before the end of 2017 on its continued EU membership, Emmanuel Mourlon-Druol draws lessons from the first UK referendum of 1975 on the EU.

By: Emmanuel Mourlon-Druol Topic: European Macroeconomics & Governance Date: June 21, 2015
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David Cameron and the EU’s Waterloo

The United Kingdom, whose new majority Conservative government has pledged to hold a referendum on European Union membership by the end of 2017, perhaps even next year, is not the outlier that it is often portrayed as being. 

By: Ashoka Mody Topic: European Macroeconomics & Governance Date: June 14, 2015
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Past Event

Past Event

Turkey and the EU after the election

On 7 June 2015 Turkey voted in its 24th general election. In cooperation with the Istanbul Policy Center, Bruegel hosted a conference on 10 June to discuss the results, the economic and political prospects and Turkey-EU relations.

Topic: Global Economics & Governance Date: June 10, 2015
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EU to DO 2015-2019

Memos to the new EU leadership.

By: André Sapir, Guntram B. Wolff, Zsolt Darvas, Silvia Merler, Nicolas Véron, Mario Mariniello, Carlo Altomonte, Reinhilde Veugelers, Rainer Münz, Suparna Karmakar, Georg Zachmann and Jim O‘Neill Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Date: September 3, 2014
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Blog Post

Juncker’s new start for Europe

Last week, President Elect Jean-Claude Juncker published his agenda for Europe. To inform the policy debate, we would like to highlight and summarize some of the key research Bruegel scholars have done over the last years covering the issues raised.

By: Erik Dale and Giuseppe Porcaro Topic: European Macroeconomics & Governance, Innovation & Competition Policy Date: July 24, 2014
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Policy Brief

The great transformation: Memo to the incoming EU Presidents

This memo is addressed to the incoming Presidents of the European institutions. It is the first in a series of memos to the new European leadership to be launched in September, which will address individual Commissioners with priorities for their portfolio. 

By: André Sapir and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: July 2, 2014
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#EU2DO for the new European Presidents

Guntram Wolff introduces his upcoming policy brief addressed to the new Presidents of the Commission, Parliament, and Council. In this memo him and Andre Sapir, Senior Fellow at Bruegel, set the agenda these leaders should adopt. The paper will be available soon on the Bruegel site.

By: Guntram B. Wolff and André Sapir Topic: European Macroeconomics & Governance Date: June 30, 2014
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A strategy for the Italian presidency of the EU

Sandro Gozi – Undersecretary of State for European Affairs – of Italy and Gregor Peter Schmitz – journalist at Der Spiegel – came together at Bruegel on June 20 to discuss the Italian presidency’s strategy for the EU. "The EU needs a fresh start," Gozi noted. "And a fresh start is the motto we have […]

By: Bruegel Topic: European Macroeconomics & Governance Date: June 22, 2014
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