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Begin New Search Publishing Institution Centre for European Policy Studies Publication Year within 25 Years

371. Technology in a Post-2012 Transatlantic Perspective

Author:
Christian Egenhofer
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The EU and the US have found themselves supporting two polar views on which strategy is the most effective in achieving stabilisation of greenhouse gas (GHG) emissions: 'market pull' vs 'technology push'. As an advocate of the latter, the US asserts that the principal emphasis should be on technology development, financed through typical public R programmes. It argues that it would be preferable to invest in the short term in R and to adopt emissions limitations later, when new technologies will have lowered the cost of limiting GHG emissions. In supporting the 'market-pull' approach, the EU argues that technological change is an incremental process emanating primarily from business and industry, induced by government incentives. According to this logic, profit-seeking firms will respond with technological innovation.
Topic:
Development and Science and Technology
Political Geography:
United States and Europe

372. Capital Adequacy vs. Liquidity Requirements in Banking Supervision in the EU

Author:
Karel Lannoo and Jean-Pierre Casey
Publication Date:
10-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The debate on banking supervision over the last decade has largely focused on capital requirements and solvency of financial institutions. The interaction between solvency and liquidity has been much less debated. Traditionally, it was assumed that once solvency was under control, liquidity should pose no problem. Banks with sufficient capital should be able to obtain extra liquidity from the central bank against adequate collateral if needed. Furthermore, the aim of the New Basel Accord to create a better alignment of regulatory capital with the risk to which banks are exposed, and the stronger focus on diversification, should eventually reduce mismatches between solvency and effective liquidity.
Topic:
Development, Economics, and Emerging Markets
Political Geography:
Europe

373. Is the IMF business model still valid?

Author:
Ángel Ubide
Publication Date:
09-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Since the Asian crisis, the IMF has undergone a deep process of soul searching, trying to extract lessons from the experience. External criticism has been abundant, and basically all three of the IMF's main areas of work – surveillance, crisis prevention and resolution, and poverty reduction – have been called into question. Several years later, there is a feeling that not much has been achieved, and key questions remain unanswered. As the world business cycle matures, and thus the likelihood of further crises slowly increases, it is critical for the stability of the world financial system to discuss what the IMF's business model should look like.
Topic:
Development, Economics, Emerging Markets, and International Trade and Finance
Political Geography:
Asia

374. The New Capital Requirements Directive: What pieces are still missing from the puzzle?

Author:
Rym Ayadi
Publication Date:
09-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
After almost seven years of hard work to produce a new substantive piece of legislation updating the current banking regulation for European credit institutions and investment firms – the Capital Requirements Directive (CRD) – it looks like its timely adoption is still uncertain. The main problem is the dissatisfaction of Parliament with its limited role in comitology and in the Lamfalussy process, which has led it to suspend 'temporarily' the comitology provisions of the CRD, casting doubt over the future ability to amend the legislation. The European Constitution addresses Parliament's concern about ensuring democratic accountability in the comitology process in Art. 36. The pause for reflection on the Constitution prompted by the no-votes in the French and Dutch referenda has re-ignited the issue and is forcing EU institutions to seek a new inter-institutional agreement on this issue.
Topic:
Debt, Economics, and Government
Political Geography:
Europe

375. Parties of Power as Roadblocks to Democracy: The Cases of Ukraine and Egypt

Author:
Madalena Resende and Hendrik Kraetzschmar
Publication Date:
08-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Political parties are the backbone of any functioning representative democracy. They are the agents that compete in the political arena for public office by offering programmatic alternatives to voters. It is not surprising therefore that an analysis of countries that have failed to democratise shows political parties suffering from a severe pathology that renders them weak institutions. In both the eastern and the southern neighbourhood of the EU, a type of party has emerged, the 'party of power' characterised by its dependence on the state, the absence of ideology and the linkage with specific sectoral groups. Examples of such parties can be found in Ukraine during the reign of President Kuchma and in present-day Egypt.
Topic:
Democratization
Political Geography:
Africa, Ukraine, Eastern Europe, and Egypt

376. The EU's Fight against International Terrorism - Security Problems, Insecure Solutions

Author:
Thierry Balzacq and Sergio Carrera
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The investigations on the London attacks of 7 July 2005 have yet to clarify the intricate storyline of the bombings. Yet, the European Union has already set about tightening up its fight against international terrorism through policies that, unfortunately, compound the difficulty of addressing the challenge. The problems arise partly because the policies put forward do not match the diagnosis nor do they fully comply with the principles of legitimacy, proportionality and efficiency. In addition, it is unclear how these Community measures will minimise the lack of trust among member states, which has put the brakes on the implementation of instruments adopted after the Madrid attacks. This relates to the vexed question of the extent to which intergovernmental initiatives such as the Prüm Treaty are compatible with a credible EU policy in the area of terrorism.
Topic:
Security, Human Rights, and Terrorism
Political Geography:
Europe and London

377. The Black Sea as Epicentre of the Aftershocks of the EU's Earthquake

Author:
Michael Emerson
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
It so happens that the epicentre of the EU's referenda earthquake – by way of its external impact – has now been located exactly in the middle of the Black Sea. Paradoxically, this comes at the same time that the region has begun to show signs of possibly getting a grip on itself.
Topic:
Government and International Organization
Political Geography:
Turkey, Ukraine, Eastern Europe, Bulgaria, and Romania

378. Egypt's Moment of Reform: A Reality or Illusion?

Author:
Emad El-Din Shahin
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The movement for democratic reform in Egypt seems to be gathering strength. Some of the factors that would make a good case for democratic transformation are rapidly converging: the formation of a wide spectrum of discontented segments in society; the mushrooming of pro-reform grass-roots movements that agree on a clear list of short-term demands; and a sympathetic pro-reform international context. With presidential and parliamentary elections scheduled to take place in September and November respectively, will Egypt finally experience its democratic spring? The answer to this question still seems uncertain. The reform movement faces numerous challenges: the possibility of being sidelined by an agreement between the regime and external actors for the sake of stability and containing change; regime repression of the reform movement; and the radicalisation of the movement itself and the possible eruption of sporadic violence or chaos. For reform to become a reality and not another missed opportunity, certain structural changes and institutional safeguards must be introduced.
Topic:
Civil Society, Government, and Human Rights
Political Geography:
Africa and Egypt

379. Climate Change in the US Government Budget - Funding for Technology and Other Programmes, and Implications for EU-US Relations

Author:
Thomas L. Brewer
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
With increasing Congressional support for funding climate change technology programmes, as reflected in passage of the Hagel/Pryor amendment to the energy policy bill in June 2005, issues about the climate change budget are becoming more salient. In this Policy Brief, Congressional and Presidential actions on several recent budgets are examined for the four principal areas of the climate change budget: technology, science, international and tax credits. The emphasis is on energy technology in particular, because of its salience in current policy discussions and its relative size in financial terms. Highlights of the findings include the following: Congress imposed substantial (63.3%) increases over the administration's climate change technology proposals for 2004 and then small increases for FY2005. For 2006, the administration has proposed reductions compared with the Congressionally-enacted levels in the technology component – reductions in both nominal and inflation-adjusted terms (-4.1% and -5.6%, respectively). The administration has also proposed cuts for fiscal 2006 in the science and international programmes (-2.9 and -19.0% in real terms). These and other differences in Presidential and Congressional approaches to funding climate change programs provide further evidence that the Presidential-Congressional divide on climate policy is continuing to widen. There is an emerging bi-partisan Congressional coalition in favour of increased spending on a wide range of climate change programmes. This shift will affect EU-US relations on climate change issues for the remainder of the current administration until 2008, and beyond as well.
Topic:
Economics and Science and Technology
Political Geography:
United States and Europe

380. The Real Budget Battle: Une crise peut en cacher une autre

Author:
Richard E. Baldwin
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The failure to reach a budget deal at the June summit may prove a blessing in disguise. The spectacular failure of the European Council to agree the last-minute compromise on the 2007-2013 Financial Perspective generated massively negative media coverage. In the short run, it will create huge difficulties for the EU, but things might have been even worse had they agreed.
Topic:
Economics, International Organization, and Treaties and Agreements
Political Geography:
Europe