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08.05.2014
United in Disunity: Populist manifestos for the European Elections
Abstract: In the run-up to the European elections, populist parties continue to gain attention for their eurosceptic positions. However, a closer look at the party manifestos shows that most populist parties have only a few objectives in common. And even if they were to experience electoral success, their political influence in the next European Parliament may be rather limited. However, repercussions on the national level may become more salient after the elections.
Topics: European integration; European issues; European policy issues; Politics and elections; Socio-econ. trends
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24.04.2014
CEE: Fit for the next decade in the EU
Abstract: On May 1, 2004, eight CEE countries joined the European Union, followed by Bulgaria and Romania in January 2007. Strong trade, investment and monetary integration with the EU have been the cornerstone of the successful economic catch-up story of those economies which started much earlier than actual accession. Ten years and a textbook boom-bust cycle later, the CEE-10 have witnessed not only the benefits but also the drawbacks of such strong trade and financial integration. Still, we expect high and rising trade openness and strong integration in European manufacturing value chains will continue to support the CEE-10 industry-based growth model.
Topics: Business cycle; Capital markets; Eastern Europe; Economic growth; Emerging markets; EMU; EU enlargement; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Macroeconomics; Risk / Country Risk
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24.04.2014
European elections 2014: An overview of the manifestos of the European parties
Abstract: In less than five weeks, from May 22-25, the elections for the European Parliament (EP) will be held across the EU. 751 MEPs from 28 countries will be elected for a period of five years. For the first time, the largest political groups in the EP have nominated a pan-European candidate for President of the Commission. In the run-up to the election date, each of the main political groups has published a manifesto with an agenda for the next electoral term. The attached presentation provides an overview of the positions in key areas taken from their own manifestos.
Topics: Economic policy; EMU; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Politics and elections
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14.04.2014
Business demographics and dynamics in Europe: Trends in the composition of the company landscape
Abstract: As a consequence of the eurozone crisis nearly all the EMU countries have seen aggregate company numbers fall over the past few years. The crisis has hit small and medium-sized enterprises on the eurozone's periphery particularly hard. The low demand triggered a sharp drop in the number of firms, mainly in Ireland and Spain but also in Portugal and Italy. As the crisis progressed, the funding conditions for enterprises in these countries gradually worsened and the differences in lending conditions between small and large companies increased. Apart from better funding access for SMEs also the elimination of structural obstacles to growth ought to be on the political agenda.
Topics: Capital markets; Capital markets policy; Economic policy; Economic structure; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Labour market policy; Sectors / commodities; SMEs; Tax policy
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27.03.2014
Euroscepticism gaining currency? Implications of the EU elections for economic policy
Abstract: The European elections will be held in late May. The share of the vote gained by eurosceptics could increase. Using national election surveys as a basis we have modelled three potential scenarios of the outcome. Even under extreme assumptions the eurosceptics remain far short of attaining working majorities. However, in the run-up to national elections government positions on European policy could be influenced by how well the respective eurosceptics fare on polling day. Thus, the eurosceptics' indirect influence will probably be of relevance both before and after the European elections.
Topics: Economic policy; EMU; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Politics and elections
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21.03.2014
European industrial policy: Limited scope for action in short term
Abstract: Even though current political developments have disrupted the agenda for the spring summit of the European Council (March 20-21), competitiveness issues have in fact traditionally been an important topic at such gatherings. At the end of January the European Commission already issued a communication on this issue that once again called for a strengthening of European industry. While this political signal is to be welcomed, the Commission's short-term scope for taking action is limited in many areas. Firstly, this is the case because established economic structures in individual member states cannot be altered overnight. And secondly, decision-making powers in important policy areas largely rest with national governments.
Topics: Auto industry; Business cycle; Chemicals industry; Economic growth; Economic policy; Economic structure; Economic trends; Electrical engineering; Energy policy; Energy sector; European integration; European issues; European policy issues; Globalisation; Intern. relations; Mechanical engineering; Other sectors; Real econ. trends; Sectors / commodities; Services; Sustainability; Telecommunication
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17.02.2014
Youth unemployment not only affects “youths”
Abstract: Following two years of recession in the eurozone Greece, Italy, Portugal and Spain can expect a return to positive GDP growth – albeit probably of less than 1% – in 2014. At the same time, at least the labour market situation no longer appears to be deteriorating further. Nevertheless, what remains alarming is high youth unemployment and – even though it attracts less public attention – the often equally precarious employment situation of 25 to 35-year-olds in the crisis-stricken countries.
Topics: Demographics; Economic policy; EMU; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Labour market; Labour market policy; Macroeconomics; Social policy; Socio-econ. trends
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03.02.2014
Who is Europe's "lost generation"? An anatomy of (un)employment demographics in Europe
Abstract: The burden of the employment crisis is shared very unequally across generations and the euro area periphery faces an often termed “lost generation” which encounters unusually adverse labour market conditions. Youth unemployment, which refers to the population younger than 25 years, has received the bulk of attention, but also the early cohorts of the prime labour market population above 25 have experienced disproportionate employment losses. In addition, long-term unemployment is becoming increasingly prevalent across younger cohorts. The most affected countries have started to implement measures to facilitate job creation and the transition from education to work, which need to be complemented by effective activation policies not only aimed at the under-25s, but also at younger cohorts in the prime labour market age.
Topics: Demographics; Economic policy; Education; European integration; European issues; European policy issues; Key issues - nicht mehr verwenden!; Labour market; Labour market policy; Social policy
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26.11.2013
Europe's re-industrialisation: The gulf between aspiration and reality
Abstract: The EU Commission's stated aim of increasing the industrial sector's share of gross value added in the European Union to 20% by 2020 is extremely ambitious and, in our view, cannot be achieved in the foreseeable future. Nonetheless, it sends out the right political signal that Europe is to be strengthened as an industrial location. Rather than focusing on purely industry-specific measures, the attainment of this goal will ultimately require supportive conditions for companies – those from both the industrial and service sectors – to ensure that they can compete against non-European rivals. This in turn will necessitate investment in education, research and infrastructure as well as a benign investment climate, affordable energy prices and intelligent regulation.
Topics: Auto industry; Chemicals industry; Economic growth; Economic policy; Economic structure; Education; Electrical engineering; Energy policy; Energy sector; European integration; European issues; European policy issues; Food and beverages; Gas industry; Globalisation; Innovation; Intern. economic system; Key issues - nicht mehr verwenden!; Labour market policy; Mechanical engineering; Other sectors; Real econ. trends; Sectors / commodities; Services; SMEs; Steel industry; Tax policy; Textiles and clothing industry; WTO
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31.10.2013
The Single European Market 20 years on: Achievements, unfulfilled expectations & further potential
Abstract: Is the Single European Market a success story? 20 years after it was established the question can largely be answered in the affirmative. The high and in part too optimistic expectations have not all been fulfilled. Nevertheless, the Single Market has resulted in increased competition, higher exports and more foreign direct investment. Overall, positive effects on GDP can be confirmed, albeit not on the scale anticipated by some. Given the structural problems in the eurozone and Europe's long-term dwindling importance for the global economy the continuing development of the Single Market is one absolutely essential element if Europe wants to maintain its economic strength.
Topics: Economic growth; Economic policy; EMU; EU enlargement; European integration; European issues; European policy issues; Globalisation; Key issues - nicht mehr verwenden!; Labour market; Privatisation/liberalisation; Supervision and regulation; Trade
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