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Policy Brief

A strategic agenda for the new EU leadership

Memo to the presidents of the European Commission, Council and Parliament. 'A strategic agenda for the new EU leadership' by Maria Demertzis, André Sapir and Guntram Wolff is the first of our 2019 Bruegel memos to the new presidents of the European Commission, Council and Parliament. Focusing on the most important economic questions at EU level, these Bruegel memos are intended to be a strategic to-do list, outlining the state of affairs that will greet the new Commission.

By: , , and Date: June 13, 2019 Topic: European Macroeconomics & Governance

The next presidents of the European Commission, Council and Parliament will inherit a relatively healthy European economy, but will face three formidable challenges in the next five years.

First, the incoming presidents must define Europe’s place in an increasingly bipolar world driven by a geostrategic rivalry between the United States and China. They should avoid protectionism but must strengthen Europe’s technological, financial and security capacities. They should also continue to support multilateral institutions and stand ready to retaliate against trade aggression.

Second, global warming is a reality and temperatures appear to be rising faster than forecast. The new incumbents need to impose higher prices on greenhouse-gas emissions, guide a deep transformation of our economies, minimise the resulting social fallout, ensure border carbon adjustment and globalise the EU’s decarbonisation.

Third, the three presidents need to manage the economy and EU cohesion. The main worry is a deep recession or even a new crisis. By guiding European policymakers on the use of pro-active fiscal policy, the presidents can reform the governance of the euro area and address tax fraud and evasion.

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External Publication

European Parliament

The impact of COVID-19 on the Internal Market

Study assessing the impact of the COVID-19 crisis on the European Union's Internal Market and consumer protection prepared for the European Parliament.

By: J. Scott Marcus, Niclas Poitiers, Lionel Guetta-Jeanrenaud, Monika Grzegorczyk, Sophie Buckingham, Fernando Hortal Foronda, Norman Röhner and Jacques Pelkmans Topic: European Macroeconomics & Governance, European Parliament, Testimonies Date: March 1, 2021
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Opinion

Central banking’s brave new world

Ever since the 2008 financial crisis, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. Nonetheless, many secretly dreamed of returning to the good old days of cautious conservatism (with financial stability taken seriously).

By: Jean Pisani-Ferry Topic: Global Economics & Governance Date: February 24, 2021
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Upcoming Event

Mar
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A new carbon pricing paradigm for the path to net zero

Which role carbon pricing could and should play in the future policy mix?

Speakers: Georg Zachmann and Ottmar Edenhofer Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Blog Post

US separates climate concerns from financial oversight in contrast to EU activism

Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.

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Building back greener: sustainable finance and the Green Deal

How could additional regulation incentivise investment while upholding the integrity of sustainable finance?

Speakers: Klaas Knot, Sean Kidney, Alexander Lehmann, Isabelle Mateos y Lago and Philipp von Restorff Topic: Energy & Climate, Finance & Financial Regulation Date: February 11, 2021
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President Biden has promised to implement a levy on carbon-intensive imports, albeit without a federal domestic carbon price. The measure faces a number of difficulties, but could feasibly be implemented. The route chosen by the US will have important implications for the EU's own plans.

By: Ben McWilliams and Simone Tagliapietra Topic: Energy & Climate Date: February 11, 2021
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Podcast

Podcast

The geopolitical repercussions of the European Green Deal

EU policymakers need to wake up to the consequences abroad of domestic decisions.

By: The Sound of Economics Topic: Energy & Climate Date: February 3, 2021
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Past Event

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The geopolitics of the Green Deal

Join us to mark the launch of the eponymous paper co-written with the European Council on Foreign Relations.

Speakers: Stefano Grassi, Mark Leonard, Simone Tagliapietra, Jennifer Tollmann, Marc Vanheukelen and Guntram B. Wolff Topic: Energy & Climate Date: February 3, 2021
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Policy Contribution

The geopolitics of the European Green Deal

The Green Deal will redefine Europe’s global policy priorities; as such, it is a foreign policy development with profound geopolitical consequences

By: Mark Leonard, Jeremy Shapiro, Jean Pisani-Ferry, Simone Tagliapietra and Guntram B. Wolff Topic: Energy & Climate, European Macroeconomics & Governance Date: February 2, 2021
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Memo to the European Commissioner for Financial Services Policy

The Commissioner for Financial Services Policy should define and promote a vision for a sustainable global financial regulatory and supervisory order, based on the lessons from the previous major international financial crisis in 2007-09 and its aftermath. As a member of President Ursula von der Leyen’s “geopolitical Commission,” the Commissioner should lead in setting the international agenda and build global credibility by driving the corresponding “domestic” (ie EU) reforms at home. This memo focuses on the international aspects.

By: Nicolas Véron Topic: Global Economics & Governance Date: January 20, 2021
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Has the European Union squandered its coronavirus vaccination opportunity?

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By: J. Scott Marcus Topic: Innovation & Competition Policy Date: January 6, 2021
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