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11. Clingendael State of the Union 2018: towards better European integration

Author:
Margriet Drent
Publication Date:
01-2018
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
Every year is special and challenging when it comes to European integration. The highlights of 2017 were a number of high-level strategy papers and speeches such as the European Commission White Paper on the Future of Europe, the State of the Union Address by Commission President Juncker, French President Macron’s Initiative for Europe, and the Future of Europe report by President of the European Parliament Tajani. These papers and speeches all pave the way for the discussions on improving and deepening the European Union in the months towards the European elections in spring 2019. The upcoming EP elections will be different from earlier elections as the current discussions aim to offer political choices to ensure the elections are content-based.
Topic:
International Affairs and Europe Union
Political Geography:
Europe

12. The European Citizens' Initiative, A Sufficient Tool to Bring Europe Closer to Its Citizens

Author:
Basile Ridard
Publication Date:
06-2018
Content Type:
Working Paper
Institution:
EGMONT - The Royal Institute for International Relations
Abstract:
At a time of rising populism in Europe and a global crisis of democratic representation, the European Citizens’ Initiative (ECI) aims to provide a concrete response to those denouncing the lack of democratic legitimacy of the EU institutions. The new regulation, proposed by the Commission last September and still under discussion by both the Parliament and the Council, facilitates the use of ECI. However, it remains insufficient for citizens willing to engage regularly in the EU law-making process. This Egmont Paper assesses the overall impact of the ECI on European policies and compares it to the complementary tools of participatory democracy such as the recently established Citizens’ consultations.
Topic:
Regional Cooperation, Democracy, Europe Union, and Populism
Political Geography:
Europe

13. Presidential election in Serbia: A boost or setback for EU accession?

Author:
Krševan Antun Dujmović
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
As Serbia braces itself for the presidential election on 2nd April 2017, the international community �inds itself puzzled with the prospect of future political orientation of this Balkan country. The biggest republic of ex-Yugoslavia, Serbia still bears the burden of the wars in the nineties, unde�ined relations with Kosovo and NATO bombing of 1999, due to which the country is still somewhat cautious toward Euro-Atlantic integration and the United States. It seems that Serbia seeks to join the European Union (EU), and at the same time to foment its relation with its traditional ally, the Russian Federation. In that respect, the current trends of foreign policy in Serbia are also visible in other Balkan countries, namely Macedonia and Montenegro, which like Serbia have strong links to their big Orthodox patron in the East, while striving to make progress on the path to the EU. This dichotomy between pro-European and pro-Russian forces in Serbia was exacerbated to a new level with Brexit and stalemate in the EU enlargement process, growing Russian in�luence in the region and expectations in Serbia that the newly inaugurated US president Donald Trump will bring a thaw in relations with Russia and allow a regionally more dominant Serbia, while curbing ambitions of Kosovar Albanians. This dichotomy has created a division in the country torn between its Western and Eastern ambitions that is visible in many aspects of Serbian society, candidates bare hallmark, or in Obradović, the leader of the Serbian Movement Dveri (Srpski pokret Dveri) is a clear example of a pro-Russian politician in Serbia, while independent candidate SašaJanković represents the voice of a civil and pro-European Serbia. The rest of the presidential candidates are positioned on a wide spectrum dividing Obradović and Janković, thus contributing to the rather short but at the same time very electri�ied presidential campaign.
Topic:
Regional Cooperation, Elections, Europe Union, and Brexit
Political Geography:
Russia, Europe, Serbia, and Balkans

14. German Elections’ Aftermath: Self-Perceptions and Perceptions

Author:
Sebastian von Münchow
Publication Date:
11-2017
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
Three days after Germany’s Parliamentary Elections in late September 2017, Dirk Kurbjuweit, Deputy Chief Editor of Hamburg-based leading weekly magazine Der Spiegel wrote: “The days of Germany as a global power are probably numbered. (Those days) started with the refugee crisis in 2015 [...] and had their best moments after the election of Donald Trump as US president.” He continues: “[...] the election results on Sunday ended this new high. For a liberal abroad, Germany was foremost a moral super power due to its refugee policies.”
Topic:
Elections, Refugees, Political stability, and Europe Union
Political Geography:
Europe, Germany, and Berlin

15. Institutional investors and home bias in Europe’s Capital Markets Union

Author:
Zsolt Darvas and Dirk Schoenmaker
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
Integrated capital markets facilitate risk sharing across countries. Lower home bias in financial investments is an indicator of risk sharing. We highlight that existing indicators of equity home bias in the literature suffer from incomplete coverage because they consider only listed equities. We also consider unlisted equites and show that equity home bias is much higher than previous studies perceived. We also analyse home bias in debt securities holdings, and euro-area bias. We conclude that European Union membership may foster financial integration and reduce information barriers, which sometimes limit cross-country diversification. We calculate home bias indicators for the aggregate of the euro area as if the euro area was a single country and report remarkable similarity between the euro area and the United States in terms of equity home bias, while there is a higher level of debt home bias in the United States than in the euro area as a whole. We develop a new pension fund foreign investment restrictions index to control for the impact of prudential regulations on the ability of institutional investors to diversify geographically across borders. Our panel regression estimates for 25 advanced and emerging countries in 2001-14 provide strong support for the hypothesis that the larger the assets managed by institutional investors (defined as pension funds, insurance companies and investment funds), the smaller the home bias and thereby the greater the scope for risk sharing.
Topic:
International Political Economy, International Trade and Finance, Economic structure, and Europe Union
Political Geography:
Europe

16. What’s next after Theresa May’s spectacular own goal?

Author:
Michael Emerson
Publication Date:
06-2017
Content Type:
Commentary and Analysis
Institution:
Centre for European Policy Studies
Abstract:
This was meant to be a Brexit election to strengthen the Prime Minister’s hand. The result was precisely the opposite. Her management of the Brexit process has become a long sequence of own goals: quit the customs union and single market; watch EU agencies relocate to the continent, including importantly for medicines and banking; banking jobs begin to relocate; science, research and academia see their interests harmed; the budget settlement prospect becomes a big new negative; the Irish border question threatens; immigration from the EU is already declining and various sectors from fruit-picking to the national health service are at risk. Moreover, the UK’s economic growth has slowed down and is now forecast to drop to 1% in 2018; the pound has lost 13% since the referendum; inflation is up; and consumer spending is down. The only solace available to Mrs May is that the Scots seem to be having second thoughts about independence. But this election was her biggest own goal yet. The credibility of her Brexit negotiation method is shattered. She thought the British people could be satisfied with slogans about “Brexit means Brexit”, or “getting the best deal for Britain”, and the now notorious “no deal is better than a bad deal”. Above all there was the failure to define and communicate a credible negotiation strategy. The Brexit White Paper of February 2017 contained serious contradictions, insisting that the UK should get ‘seamless’ market access while still leaving the customs union and the single market.
Topic:
International Affairs, Political stability, Europe Union, and Brexit
Political Geography:
Britain

17. Reality bites: the Brexit negotiations seen from the other side of the Channel

Author:
Fabian Zuleeg
Publication Date:
07-2017
Content Type:
Working Paper
Institution:
European Policy Centre
Abstract:
The Brexit negotiations continued this week with the UK government still insisting that the endpoint be an exit from the EU, including its Customs Union and the Single Market. But back in Britain, the turmoil is obvious, with different members of government taking diverging views, suggesting, at times, that a soft Brexit or a transition arrangement might be possible, even if it means concessions on the role of the European Court of Justice (ECJ), the exit payment, the rights of EU citizens and even (temporarily) continued freedom of movement of EU citizens.
Topic:
Europe Union and Brexit
Political Geography:
Europe

18. Smart Specialisation: championing the EU’s economic growth and investment agenda?

Author:
Alison Hunter
Publication Date:
07-2017
Content Type:
Commentary and Analysis
Institution:
European Policy Centre
Abstract:
Introduced as an ex ante conditionality in the 2014-2020 Cohesion Policy, Smart Specialisation Strategies (S3) require regions to develop smart priorities and direct investment efforts towards growth-oriented innovation. In the space of only four years, S3 has become widely regarded as a success story across the Cohesion Policy community, as a place-based driver of EU competitiveness. For some regions, it has offered scope to deepen existing practices. For others, S3 has introduced new approaches to achieving innovation-oriented growth. There is, however, quite some distance to cover if S3 is to accelerate its support role in delivering EU growth and investment. This would require redefining the role of S3 and re-positioning this in the post-2020 Multi-annual Financial Framework (MFF).
Topic:
Europe Union and Global Political Economy
Political Geography:
Europe

19. The European Union must effectively develop energy relations with global producers and partners

Author:
Lukáš Tichý
Publication Date:
10-2017
Content Type:
Policy Brief
Institution:
Institute of International Relations Prague
Abstract:
There are almost no oil or gas resources in the EU. To strengthen its energy security, the EU has taken a number of measures in its energy policy. Russia is currently the main energy supplier of oil and gas to the EU. In addition, the EU has been developing “energy relations” with existing and potential energy producers from Asia, the Middle East and North Africa (MENA), sub-Saharan Africa, North America, and Latin America. The European Union should complete the creation of a fully liberalized and interconnected internal market to which energy sources, especially gas, can be delivered effectively from around the world. The EU also has to pursue more efficient relations with its current and, especially, future producers and suppliers of energy.
Topic:
International Affairs and Europe Union
Political Geography:
Europe

20. EU’s Energy Union Strategy: Challenges and Opportunities

Author:
Krševan Antun Dujmović
Publication Date:
03-2016
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
The Juncker Commission, which was inaugurated on 1 November 2014, has set up ten priorities for its term, with the Energy Union and climate being among them. The objective of the Energy Union of the EU is to ensure that Europe gets ‘secure, affordable and climate-friendly energy’.
Topic:
Climate Change, Environment, Regional Cooperation, and Europe Union
Political Geography:
Europe