Can the EU handle biological threats?
The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is needed. This should be based on four principles: viability of supported entities, fairness, achieving societal goals, and giving society a share in future profits. The effort should be structured around equity and recovery funds with borrowing at EU level.
How can the European Union fight the cybercriminals that are exploiting the coronavirus crisis?
The EU cannot meet its ‘poverty’ targets, because the main indicator used to measure poverty actually measures income inequality. The use of the wrong indicator could lead to a failure to monitor those who are really poor in Europe, and a risk they could be forgotten.
From cashless payments to digital banking, finance has become intangible and global. But, while speed and convenience have made our international transactions easier, have we become more vulnerable? How can the EU respond to the increased risk of hybrid threats? This week, Nicholas Barrett is joined by Jukka Savolainen, Director of Community of Interest “Vulnerabilities and Resilience” at the European Centre of Excellence for Countering Hybrid Threats, and Maria Demertzis, to discuss the risks that hybrid threats pose to the financial system.
This one-day workshop focused on hybrid threats in the context of the financial system by examining vulnerabilities and raising awareness, looking for solutions in the form of effective protection measures and improved resilience.
The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to euro-area financial stability, we highlight issues that deserve more attention.
The EU urgently needs to conduct joint preparedness exercises and create uniform information and disclosure requirements that help build a true pan-European insurance market for cyber risks
In fighting anti-money laundering, the European Commission should act fast toward creating a central supervisory authority.
This event will feature the presentation of the 2019 EBRD Transition report, which focuses on governance in the EBRD regions.
The head of German Finance has written in the Financial Times defending the need to deepen the banking union, now London is about to leave