Search

Begin New Search Topic European Union Content Type Working Paper

201. Get "Smart": Paving the Way To A More Efficient Alliance

Author:
Young Atlanticists
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
The Diplomatic Courier
Abstract:
NATO Secretary General Anders Fogh Rasmussen's concept of Smart Defense, defined as "ensuring greater security, for less money, by working together with more flexibility," will be a hot topic at the NATO Summit in Chicago. The Secretary General has stressed that to successfully maintain its strength amid shrinking defense budgets and economic austerity, NATO "must prioritize... must specialize... and must seek multinational solutions." The European Union, much of its membership overlapping with NATO, has endeavored to accomplish a similar task through pooling and sharing, but concerns over sovereignty have severely limited progress. This policy memo provides several recommendations on how NATO can overcome this roadblock to secure state participation in the Smart Defense initiative. As military cooperation remains a sensitive issue, the success of Smart Defense will depend on how well NATO packages and markets these projects. NATO leadership must prove Smart Defense’s utility and dynamism while demonstrating the financial and strategic benefits to be gained by swift and comprehensive implementation. In order to create attractive projects, NATO will have to focus on four policy areas: 1) rework its structure to facilitate a more cooperative environment, 2) provide mechanisms to ensure efficiency, 3) stimulate and secure connections between like-minded states, and 4) find creative ways to include non-NATO actors in Smart Defense projects. It is through these initiatives that Smart Defense’s prospects for success can be raised; a success which is vital if NATO is to become the more efficient and interoperable alliance that its members need.
Topic:
Defense Policy, NATO, International Cooperation, Military Strategy, and European Union
Political Geography:
Europe, North America, and United States of America

202. Greek Entrepreneurs to the Rescue: How to Reinvent the Greek Economy after the Sovereign Debt Crisis

Author:
Nasos Mihalakas
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
The Diplomatic Courier
Abstract:
The Greek dimension of the EU sovereign debt crisis is by now well known to all. Investor anxiety over excessive national debt throughout the EU led to demands for higher interest rates from several governments with higher debt levels and current account deficits. This in turn made it difficult for some governments to finance further budget deficits and service existing debt. Unable to pay for its public debt, the Greek government turned to the EU for financial assistance. The first bailout package was approved on May 2010, which provided the Greek government with a three-year, €110 billion loan. In February 2012, the lending troika (EU, IMF, and ECB) eventually agreed to provide a second bailout package worth €130 billion. This second package included an agreement with banks to "voluntarily" accept a 53.5 percent write-off of some Greek debt, the equivalent of €100 billion, to reduce the country's debt level from €340 billion to €240 billion – or 120.5 percent of GDP – by 2020. So far, all the reforms forced upon Greece centers on how to reduce the government budget. These reforms include reducing the minimum wage for public (and therefore, also private) sector employees by 22 percent, cutting benefits to pensioners and health-care recipients, reducing the government payroll by laying off 150,000 public sector employees by 2015, privatizing government companies, and opening up some industries that were closed to competition. For now, Greece has been brought back from the brink of bankruptcy. Though safe for now, the country could find itself struggling to meet the strict conditions outlined in the second bailout agreement if key structural reforms don’t take place. It is not too late for the crisis to serve as an opportunity.
Topic:
Debt, Financial Crisis, European Union, and IMF
Political Geography:
Europe and Greece

203. Where did all the Spartans Go?

Author:
Felix Imonti
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
The Diplomatic Courier
Abstract:
Well, the Greeks voted on June 17th, but I am confused. What did the voters say? Before the election, polls revealed that 80 percent of the people supported membership in the European Union and the continued use of the Euro. When they voted, those same people cast 52 percent of their votes for parties opposed to the adoption of the austerity program that Greeks feel is being imposed upon them by the more powerful members of the EU—which translates into Germany. Accepting the economic program is an essential agreement in order to remain in the Eurozone. The New Democracy Party garnered the largest vote with nearly 30 percent. The leader of the conservative party, Antonis Samaras, pledged to keep Greece in the Eurozone and to negotiate modifications to the austerity package that Greece must accept in order to receive an additional 240 billion Euros. Somehow, people find the promises of Antonis Samaras unreliable. When the New Democracy Party was in opposition against the socialist PASOK Party—which had accepted the program imposed upon Greece—he rejected it. His reversal leaves his position in doubt among Greeks and the politicians outside with whom he has to negotiate. In short, is he for the austerity package or against it?
Topic:
Elections, European Union, Domestic politics, and Eurozone
Political Geography:
Europe and Greece

204. Serbia's New President Eyes EU Membership

Author:
Alex Cooper
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
The Diplomatic Courier
Abstract:
The new Serbian president, Tomislav Nikolic, has been making waves in the international community since winning the May 20th run-off election against incumbent Boris Tadic. Since Nikolic and his center-right Serbian Progressive party and its allies won 73 out of 250 seats in the National Assembly, Nikolic has been making some controvsial statements regarding some of Serbia’s neighbors. Nikolic won with 50.21 percent of the vote, while Tadic won 46.77 percent. The shocking statements from Nikolic began with an interview the president did before the second round of elections on May 6th with the German daily Frankfurter Allgemeine Zeitung. In the interview, Nickolic stated that a “greater Serbia was his unrealized dream” and “Vukovar was a Serbian town in which Croats should not return.” The Croatian President, Ivo Josipovic and other officials have spoken out against Nikolic’s comments. Josipovic and other leaders from the Balkans did not attend Nikolic’s inauguration due to the comments, and the Croatian president cancelled a trip to Belgrade that was supposed to take place at the end of June. During the war following Croatia’s claim to independence from Yugoslavia, Vukovar experienced severe damage from the Yugoslav army that was led by Serbs. After Vukovar fell to the Yugoslav army, over 200 Croats were killed. Many Croatians still view Vukovar's story as a difficult topic. This was the only controversial statement from Nikolic. He recently told Montenegrin state television, “There was no genocide in Srebrenica.” The International Court of Justice and the UN war crimes tribunal have both ruled the massacre of over 7,000 Muslim men and boys in 1995 as genocide. The massacre is the worst atrocity to occur in Europe since World War II. The international community has condemned the remarks by Nikolic. A spokesperson for the European Commission, Pia Ahrenkilde Hansen, said that the comments were “attempts to rewrite history.” Hansen also said, “The atrocities in Srebrenica in July 1995 were a crime against all humankind, and we should never forget it, and we should never allow it to happen again.” On June 14th, the Associated Press reported that EU officials would discuss Nikolic’s recent comments with the new president. While meeting in Brussels, Nikolic attempted to show that Serbia was prepared for EU membership. He claimed, “There is not better future for Serbia than membership in the Union.”
Topic:
International Cooperation, European Union, and Economic Cooperation
Political Geography:
Europe and Serbia

205. EU Privacy Regulation: Implications for U.S. and EI Law Enforcement

Author:
Carlton Forbes and Jacob Victor
Publication Date:
12-2012
Content Type:
Working Paper
Institution:
Center for Global Legal Challenges, Yale Law School
Abstract:
In January 2012, the European Commission released drafts of two new pieces of legislation that would provide more stringent and more uniform regulation to the processing of electronic data relating to EU citizens. The proposed General Data Protection Regulation would govern the processing of data for general purposes, while the proposed Criminal Justice Directive would govern data processed in the specific context of criminal investigations. The Data Protection Regulation has proven controversial because of the significant number of requirements it imposes on private data processors, including requirements that the processor notify a consumer when her data is shared with a third party, and requirements that processors respect a number of new individual rights, such as the right of a consumer to request that her data be deleted (a.k.a. “the right to be forgotten”). Furthermore, the Regulation would mandate that many non-EU corporations would need to comply with its requirements when processing the data of EU citizens, or face harsh penalties. This memo summarizes the existing EU data protection regime, analyzes the changes proposed by the new Data Protection Regulation and Criminal Justice Directive, and explores the implications of this new legislation for U.S. criminal and national security investigations. We arrive at three main conclusions
Topic:
Law Enforcement, Law, European Union, Regulation, and Legal Theory
Political Geography:
Europe, North America, and United States of America

206. Euromed+15. New paths of cooperation across the Mediterranean

Publication Date:
06-2011
Content Type:
Working Paper
Abstract:
On the occasion of the 15th Anniversary of the Barcelona Declaration, the EuroMeSCo Network and the IEMed jointly organized the 2010 Annual EuroMeSCo Conference, in which distinguished experts and practitioners were convened to debate the future of Euro-Mediterranean politics in the light of the on-going institutional changes within the European Union and the new geopolitical context.
Topic:
Security, Politics, European Union, and Geopolitics
Political Geography:
Europe and Mediterranean

207. Fiscal Policy in the European Monetary Union

Author:
Betty C. Daniel
Publication Date:
12-2008
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
A country entering the EMU surrenders its monetary policy, and its debt becomes denominated in terms of a currency over which it has no direct control. A countryís promise to uphold the Öscal limits in the Maastricht Treaty and the Stability and Growth Pact is implicitly a promise not to allow its Öscal stance to deteriorate to a position in which it places pressure on the central bank to forgo its price level target to Önance Öscal deÖcits. Violation of these limits has raised questions about potential Öscal encroachment on the monetary authorityís freedom to determine the price level. We specify a simple model of Öscal policy in which the Öscal authority faces an upper bound on the size of its primary surplus. Policy is determined by a Öscal rule, speciÖed as an error correction model, in which the primary surplus responds to debt and a target variable. We show that for the monetary authority to have the freedom to control price, the primary surplus must respond strongly enough to lagged debt. Using panel techniques that allow for unit roots and for heterogeneity and cross-sectional dependence across countries, we estimate the coe¢ cients of the error correction model for the primary surplus in a panel of ten EMU countries over the period 1970-2006. The group mean estimate for the coe¢ cient on lagged debt is consistent with the hypothesis that the monetary authority can control the price level in the EMU, independent of Öscal ináuence.
Topic:
European Union, Fiscal Policy, and European Monetary Union
Political Geography:
Europe

208. Competition Law and Policy in the European Union

Author:
Michael Wise
Publication Date:
10-2007
Content Type:
Working Paper
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Competition policy played a central role in the development of the EU and its institutions. The European Commission, supported by the European courts, developed the framework for competition policy in Europe. This framework has been built since the Treaty of Rome in 1957 on a foundation of promoting market opening while strengthening the institutions of the European Community. The competition policy of the European Community is now in transition toward a basis in market-centered economic considerations, as well as on application through the now-extensive network of nationallevel authorities. The “modernisation” reforms of the enforcement process became effective in May 2004, along with changes in the control of mergers, and the Commission has been considering revisions to its policies about other topics, notably abuse of dominance and state aid. As the Member States adapt their substantive rules to those of the Community, the roles of the European Commission, the national competition agencies and the courts are changing. Co-ordination of enforcement among many agencies in the European Community, particularly concerning applications for leniency as part of cartel investigations, is increasingly important. The Commission moved to strengthen its capacity for economic analysis and to correct weaknesses in its decision process that had been revealed in critical court decisions. The challenge to this system, well adapted for administrative application, is to produce results that are convincing to the courts while maintaining policy consistency in a system of decentralised enforcement.
Topic:
European Union, Legal Theory, Decentralization, and Strategic Competition
Political Geography:
Europe