A year after announcing its plan, the European Commission has promised to accelerate the implementation of the capital markets union project. It is more and more clear that it has no alternative and Brexit may only foster this process.
The principles of the single market of the European Union include the free movement of goods, capital and people. But the biggest challenges are faced in the case of the freedom of cross-border provision of services.
Europe needs productivity growth, said Hans Peter Lankes, Managing Director for corporate strategy at the European Bank for Reconstruction and Development.
Probably the most frequent question the EU pundits and journalists have asked recently is whether the EU will disintegrate. The answer is simple: It will not.
Governor Boštjan Jazbec entered his corner office on the first floor of Slovenia’s Central Bank (Banka Slovenije) and found himself surrounded by the criminal investigators from the National Investigation Office (Nacionalni preiskovalni urad).
Trillion euros in corporate and household NPLs in Europe is too much for the banking sector to regain profitability and effectively power the economy.
CSE inhabitants are earning approx. 2.5 times less than the core of the EU, but if extreme cases are omitted, it turns out that most CSE countries do not compete for investors by lowering wages.
The idea of a two-speed Europe should be viewed positively. In economic policy, permission for Member States not to join certain EU initiatives can – figuratively speaking – fill the national purse. Which is not to say that all ideas should be contested.
The Ukrainian crisis has shown that energy security in Central and Eastern Europe, particularly as regards the supply of natural gas, is not at all as certain as it seemed until recently.
The Brexit referendum has sent a shockwave through the European Union but the perspective of Brexit as a clean break with the EU might be rather far-fetched.