On 12 January 2015 Jyrki Katainen, Vice President of the European Commission, was at Bruegel to present the European Commission's new investment plan. On 26 November 2014 the new European Commission launched a three-year €315 billion investment plan with the aim of reviving economic growth and creating jobs. The Commission's approach is based on three pillars: structural reforms to put Europe on a new growth path; fiscal responsibility to restore the soundness of public finances and cement financial stability; and investment to kick-start growth and sustain it over time.
On Monday 19th January, Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, came to Bruegel to speak about his ideas about deepening the European economic and monetary union. The new European Commission intends to be proactive in taking forward the debate on the further deepening of the Economic and Monetary Union in the coming five years. Commissioner Moscovici will work closely with President Juncker and Vice President Dombrovskis on this matter. Truly convinced the eurozone needs stronger economic and political governance, Commissioner Moscovici will talk about the realistic and step-by-step approach the Commission intends to take to deepen the European economic and monetary union.
Misconduct in financial markets has rarely been out of the headlines since the scandal over Libor – the London-based inter-bank lending benchmark – emerged in 2012. More allegations have followed. The market in foreign exchange is only the most recent to come under scrutiny, with regulatory investigations resulting in a number of banks being fined hundreds of millions of euros for attempted manipulation. Nemat Shafik, Deputy Governor of the Bank of England, is chair of the UK Fair and Effective Markets Review. This Review has been set up to uncover the root causes of the misconduct we have seen affecting fixed income, currency and commodity markets. Its aim is to help restore public confidence in these markets, the effective operation of which remains essential for Europe’s economic recovery. The Review seeks to reinforce the progress made by regulatory responses already in train, notably Mifid II, by considering whether vulnerabilities may remain in certain markets – and developing proposals for how market participants or public authorities can take action to resolve those problems. Due to the large number of registrations we have closed the registrations for this event. You are of course welcome to follow the live stream on this page starting at 13.00 on 21 January 2015
We are pleased to announce a panel discussion with Commissioner Moedas on the new European research agenda. Europe has great expectations on science, research, technology and innovation as the sources of future sustainable growth. New ideas from fields such as digital technology, new materials and biotechnology are expected to generate economic growth and competitiveness, while addressing new global societal demands related to ageing, health, the environment, security and inclusion. But these expectations have to be squared with a history of not brilliant performance, despite ambitious EU research policy plans, like the Lisbon 3% target, the Innovation Union Flagship, the European Research Area, along with Horizon2020. Will more of the same do, do we need a game changing new perspective in the EU research agenda or do we just need to walk the talk? The event will be introduced by Bruegel senior fellow Reinhilde Veugelers, sketching the main challenges for the European Research Agenda. Frank Luyten and Bart De Moor will provide testimonies from excellent researchers based in Europe on the challenges they face when trying to bring their frontier ideas closer to the market. Commissioner Moedas will present his views on the European research agenda, after which an open debate will follow.
In the current climate of fiscal consolidation, public research budgets have come under increased scrutiny in many European countries. Public research institutions are being held more accountable for their use of public funding, and increased emphasis is being placed on assessing the social impact of public science funding. In the US the STAR METRICS initiative was set up in response to these challenges, but in Europe no such organisation exists; a European platform of granting agencies, hosting institutes and impact assessment researchers is needed. The scientific community engaged in evaluating public funding of scientific research is responding to this increased demand. However, despite the increasing availability of data and the diffusion of better methodologies, there are huge challenges remaining. To build a European network for science funding evaluation, we can draw on experiences of the SIMPATIC network, which brought together researchers and funding agencies to assess the impact of research funding for companies. The January workshop aims to help initiate a European platform on the assessment of science funding. The workshop will bring together the three types of stakeholders (academics, granting agencies and host institutes) which have already been formed in 3 pilot local clusters (Leuven, Lausanne and Strasbourg).
For the fifth year in a row, ten leading European Think Tanks have joined forces to host the annual Brussels Think Tank Dialogue (BTTD). The event represents a unique opportunity to hear leading voices debate pressing issues, forecast major trends for the coming year, and put forward recommendations for the new European leadership. More than ever, guidance is needed.
Among the speakers at this year's BTTD: Jyrki Katainen, Vice-President of the European Commission; Ruth Paserman, Member of the Cabinet of Commissioner Thyssen; Pierre Defraigne, Executive Director, Madariaga; Aart De Geus, Chairman, Bertelsmann Stiftung; Daniel Gros, Director, CEPS; Ann Macey, Managing Director, Confrontations Europe; Giles Merrit, Secretary General, Friends of Europe; Marc Otte, Director General, Egmont Institute; Guntram Wolff, Director, Bruegel; Fabian Zuleeg, CEO, EPC.
See full agenda -
The BTTD 2015 will focus on such topical issues as:
A European Energy Union – a term coined by President of the Council Donald Tusk - is one of the flagship projects of the Junker Commission. Up to now speculation on the exact scope of the project was rife. On 29 January Bruegel organised Climate and Energy Talk on Europe's energy union with Commission Vice President Maroš Šefčovič. The timely presentation by Maroš Šefčovič – just three days after presenting his plan on the Creation of a European Energy Union to the European Parliament, was followed by comments by Simone Mori (ENEL) and Georg Zachmann (Bruegel) and a open discussion.
THIS EVENT HAS BEEN POSTPONED We are happy to announce a public panel on the presentation of the World Bank Regular Economic Report on Europe and Central Asia Region. The EU11 Regular Economic report is a semiannual publication of the World Bank’s Europe and Central Asia Region. It monitors macroeconomic and reform developments in 11 EU member states that joined after 2004 (excluding Cyprus and Malta)- Estonia, Latvia and Lithuania (North); the Czech Republic, Hungary, Poland and the Slovak Republic (Continental); and Bulgaria, Croatia, Romania and Slovenia (South). The report also provides in-depth analyses of key policy issues in the region. Previous issues of the EU11 Regular Economic Report, including the latest one Strengthening Recovery in Central and Eastern Europe can be found under the links below: http://www.worldbank.org/en/country/centraleuropeandthebaltics http://issuu.com/world.bank.europe.central.asia/stacks/db73be1583804ed98137badc4136f127 The event is public and will be live streamed on this page. No registration is required to follow the live stream. Please note that the programme is still under construction and more information will be available shortly.
Three organizations that focus on innovation policy: IDATE, Bruegel and the TIIC are pleased to invite you to a debate on the future role of the patent system in stimulating investment and growth in Europe. A panel, including authors of the special publication of IDATE’s Communications & Strategies journal on “the future of patents”, will discuss the issues facing investors, innovators and regulators. The debate will be followed by a reception. Issues of the IDATE publication will be offered to the attendees.
We are pleased to announce that the SIMPATIC Final Conference will take place on 26-27 January 2015 at HUB- Rue d’Assaut 2, Brussels. SIMPATIC (Social Impact Policy Analysis of Technological Innovation Challenges) is a collaborative research project funded by the Socio-economic Sciences and Humanities Programme of the 7FP of the European Union, and provides a comprehensive and operational tool box, allowing for a better assessment of the impact of research and innovation policy in Europe. The aim of the Final Conference is to present all the research work conducted in the research areas of the project (micro, macro, green and social) during the 3 years projects, which will provide new scientific insights in fundamental and applied policy evaluation research. It will also provide simulation based insights into demand-driven behavioural changes, shifts in regulation, organisation, habits and citizens’ behaviour. More information can be found on the website (www.simpatic.eu ) which offers in-depth project results, all project publications, as well as information on the research partners.
We are pleased to announce a workshop with Hiroyuki Odagiri, Commissioner of the JFTC, on the Japanese experience of Competition Policy. Please note that the programme is still under construction and more information will be available shortly.