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  • The European Banking Union & the Future of the Economic & Monetary Union

    On October 6, 2016, The European Institute held a lunch discussion with a delegation from the European Parliament’s Committee on Economic & Monetary Affairs (ECON) led by The Honorable Roberto Gualtieri, ECON Chairman and The Honorable Siegfried Mureșan, Spokesman for the European People’s Party and Substitute Member of ECON.  Chairman Gualtieri and Mr. Mureşan, along with other representatives from the ECON Committee, discussed the current status and environment of the banking union as well as the changes the European Union may need to make in order cope successfully with challenges such as Brexit, the need for greater economic growth, and the implementation of a common deposit insurance scheme. Despite differing views on some subjects, the delegation agreed on the necessity of the completion of the bank union.

European Affairs

The Journal of the European Institute

Perspective: German Election—Staying in the comfort zone

- By Markus Ziener, Berlin
markusziener2015

The prank election poster in white and red reads: “Okay, one more time Merkel. But then it’s enough. SPD”. The SPD, the Social Democrats, are the junior partner of the conservative CDU in the currently governing grand coalition - and they want anything but another four years with Chancellor Angela Merkel. Published by a German satire magazine, the spoof went viral on the internet. Why? Because in a nutshell it captures the dilemma of the SPD. As long as Angela Merkel is on the stage there does not seem to be a way around her. Merkel is set to win the national elections for a fourth time. And the SPD is set to lose, once again.
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Europe’s Rebound: Good News Piles Up as Central Bankers Ponder how to Throttle Down “QE”

- By James D. Spellman, Washington, DC
Spellman 1On many fronts, Europe’s economy is strengthening as consumers become more confident, investment inflows accelerate, unemployment falls, and sovereign debt costs decline for the EU’s most troubled member-countries.
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Brexit Accelerates Business Exodus

- By J. Paul Horne, Washington, DC
paul horneBanks, insurers, businesses and European Union (EU) agencies based in the UK are accelerating their moves to assure full access in the EU, the world’s largest financial-economic area. Their theoretical deadline is Friday, March 19, 2019, when Britain will be out of the EU according to EU Treaty rules, but practical hurdles make the real deadline mid-2018. The exodus of Brexit-generated refugees is also growing more urgent because the Tory government has failed to clarify its Brexit negotiating strategy during the 14 months since the fateful referendum. This policy vacuum is forcing companies to plan for the worst-case scenario – “hard Brexit.” 
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Providing for the Common Defense of the EU

- By Joseph Bebel, Washington D.C.

jbebel201707At its June summit, the European Council agreed to further strengthen EU security and defense. In what European Council President Donald Tusk called a “historic step”, member states agreed to move forward with the proposed European Defense Fund and activate the Permanent Structured Cooperation (PESCO) mechanism. With Brexit negotiations underway, the agreement came without the UK, which has consistently opposed increased EU defense integration. Additionally, member states also agreed to revisit the funding of the EU battlegroups to facilitate their future deployment. This ambitious goal coincides with conclusions adopted by the Council in May to “reinforc[e] military rapid response” by restructuring the EU battlegroups.

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Perspectives--Brexit is Not Inevitable

- By Paul Adamson, Brussels

PaulAdamsonBefore British Prime Minister Theresa May called her snap and ill-advised election pro-European Brits had their work cut out fighting the dominant prevailing wisdom of the inexorability of the UK’s withdrawal from the EU – the so-called “Brexit”.

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OUR MUST READS

- Konstantin Veit

Has Populism Reached Its High Water Mark? Two interesting pieces, written in the wake of the first round of French presidential elections, warn not to count populism out.
The New York Times (4/26) suggests ”Western Populism May Be Entering an Awkward Adolescence”.
In Carnegie Europe, Judy Dempsey asks a group of foreign policy experts: “Is Populism on the Run?”.

Recommended by European Affairs.

 
- Ben Antenore

Will the EU Fall? Three Scenarios, Four Explanations, by Frédéric Mérand,  Université de Montréal, published as a blog of the American Sociological  Association. A crisp and insightful summary of the EU crisis and where it could lead.  Recommended by European Affairs.

 
- Owen Phelps

The flow towards Europe Interactive chart showing refugee flow into Europe, country by country, based on UN data. PUBLISHED 26.10.2015 | BY VILLE SAARINEN AND JUHO OJALA

Recommended by European affairs.

 

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OUR NEWSROOM

"EU Energy Policy - Challenges & Solutions" with Lithuanian Energy Minister Jaroslav Neverovic in The Lithuanian Tribune: "Energy Minister Neverovic discussed EU Energy Policy in Washington DC" by Virginijus Sinkevicius

The European Institute's event with Julie Brill & Jan Philipp Albrecht on "Data Protection, Privacy & Security" in The Hill: "Overnight Tech: Showdown on Spying" by Kate Tummarello & Brendan Sasso

The European Institute's event on "Data Protection, Privacy & Security: Re-Establishing Trust between Europe & the United States" in POLITICO: "EU to D.C.: Friends 'do not spy on each other'" by Tony Romm & Erin Mershon

The European Institute's event with Natalia Gherman, Foreign Minister of Moldova in Radio Free Europe: "Moldova's Foreign Minister Seeks U.S. Political, Economic Support"   

The Honorable Richard Bruton T.D., Irish Minister for Jobs, Enterprise and Innovation at The European Institute in The Irish Times: "Multinationals to advise on tax scheme" by Simon Carswell

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Programs of The European Institute
are sponsored in part by the European Union.