ThinkTank logo The documents that help shape new EU legislation
Posted on 06-12-2019

European Green Deal

06-12-2019

The European Green Deal is a programme outlined in the political guidelines of the incoming President of the European Commission, Ursula von der Leyen. It aims to make Europe the first climate-neutral continent by 2050, while boosting the competitiveness of European industry and ensuring a just transition for the regions and workers affected. Preserving Europe's natural environment and biodiversity, a 'farm to fork' strategy for sustainable food, and a new circular economy action plan are other key ...

The European Green Deal is a programme outlined in the political guidelines of the incoming President of the European Commission, Ursula von der Leyen. It aims to make Europe the first climate-neutral continent by 2050, while boosting the competitiveness of European industry and ensuring a just transition for the regions and workers affected. Preserving Europe's natural environment and biodiversity, a 'farm to fork' strategy for sustainable food, and a new circular economy action plan are other key elements. Executive Vice-President Frans Timmermans will be in charge of leading and coordinating the work on the European Green Deal. A Commission communication on the matter is expected on 11 December, ahead of the next European Council meeting, starting the following day. The European Parliament has scheduled a debate on the European Green Deal in an extraordinary plenary session on 11 December 2019.

The sharp power of knowledge: Authoritarian meddling in academia

06-12-2019

The visibility of, and focus on, authoritarian hybrid threats – a mix of conventional and non-conventional hostile activities to undermine democracies – is increasing. Techniques and technologies keep evolving, and a growing number of authoritarian actors are adopting and adapting different tools to further their agendas. In this context, 'soft power' exerted through academic institutions and universities can become a 'sharp' hybrid tool, undermining academic independence and further eroding trust ...

The visibility of, and focus on, authoritarian hybrid threats – a mix of conventional and non-conventional hostile activities to undermine democracies – is increasing. Techniques and technologies keep evolving, and a growing number of authoritarian actors are adopting and adapting different tools to further their agendas. In this context, 'soft power' exerted through academic institutions and universities can become a 'sharp' hybrid tool, undermining academic independence and further eroding trust in facts and science.

Thematic Digest on Economic Governance in the EU - December 2019

06-12-2019

This document presents a selection of thematic briefings in the area of EU economic governance recently published by the Economic Governance Support Unit of the European Parliament. They are notably related to the implementation of the European Semester for economic policy coordination. These thematic documents are drafted and kept updated on a regular basis, following relevant developments. All papers published by EGOV are available on the ECON homepage.

This document presents a selection of thematic briefings in the area of EU economic governance recently published by the Economic Governance Support Unit of the European Parliament. They are notably related to the implementation of the European Semester for economic policy coordination. These thematic documents are drafted and kept updated on a regular basis, following relevant developments. All papers published by EGOV are available on the ECON homepage.

Main factors for the subdued profitability of significant banks in the Banking Union

05-12-2019

This paper examines how the ECB should respond to the currently low profitability of significant banks in the Banking Union. The subdued profitability appears to be a structural problem caused by overbanking, with too many bank assets chasing too few profitable banking sector opportunities. To address the root problem of overbanking, the ECB should use its existing supervisory powers to require significant banks with unsustainably low profitability to restructure reducing their overall size. This ...

This paper examines how the ECB should respond to the currently low profitability of significant banks in the Banking Union. The subdued profitability appears to be a structural problem caused by overbanking, with too many bank assets chasing too few profitable banking sector opportunities. To address the root problem of overbanking, the ECB should use its existing supervisory powers to require significant banks with unsustainably low profitability to restructure reducing their overall size. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.

External author

Ata Can Bertay, Harry Huizinga

Public or Private? The Future of Money

15-11-2019

Stablecoins issued by large tech companies pose a significant challenge for traditional fiat money. In this study, we highlight the importance of a public-private-cooperation in dealing with this topic, where central banks closely work with stablecoin issuers in issuing synthetic central bank digital currency (sCBDC). This framework minimizes the risks of private money and utilises the technological advantages of stablecoin issuers. This document was provided by Policy Department A at the request ...

Stablecoins issued by large tech companies pose a significant challenge for traditional fiat money. In this study, we highlight the importance of a public-private-cooperation in dealing with this topic, where central banks closely work with stablecoin issuers in issuing synthetic central bank digital currency (sCBDC). This framework minimizes the risks of private money and utilises the technological advantages of stablecoin issuers. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

External author

Alexander KRIWOLUZKY, Chi Hyun KIM

The Next Generation of Digital Currencies: In Search of Stability

15-11-2019

Recent innovations have re-opened the debate on the forms that money will take in the future. This paper discusses two aspects of the debate on the future of money: the implications of the rise of global private stablecoins, and the role that public central bank digital currencies (CBDCs) could play in the future. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs (ECON) Committee.

Recent innovations have re-opened the debate on the forms that money will take in the future. This paper discusses two aspects of the debate on the future of money: the implications of the rise of global private stablecoins, and the role that public central bank digital currencies (CBDCs) could play in the future. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs (ECON) Committee.

External author

Grégory CLAEYS, Maria DEMERTZIS

Virtual Money: How Much do Cryptocurrencies Alter the Fundamental Functions of Money?

15-11-2019

Advanced economies are moving towards a cashless system, with a recent surge in cryptocurrencies, issued by private entities. Although digital currencies may increase welfare, due to a reduction in transaction costs, they introduce risks to monetary and financial stability. Furthermore, they barely serve as money due to their large volatility. To partly overcome these problems, the issuance of a stablecoin would be an intermediate solution between private and central bank issued digital currency. ...

Advanced economies are moving towards a cashless system, with a recent surge in cryptocurrencies, issued by private entities. Although digital currencies may increase welfare, due to a reduction in transaction costs, they introduce risks to monetary and financial stability. Furthermore, they barely serve as money due to their large volatility. To partly overcome these problems, the issuance of a stablecoin would be an intermediate solution between private and central bank issued digital currency. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs (ECON) Committee.

External author

Eddie GERBA and Margarita RUBIO

The Impact of Digitalisation on the Monetary System

15-11-2019

Against the backdrop of a trend towards a cashless society and the emergence of private electronic monies, the paper discusses properties of digital currencies and implications for currency competition, describes benefits and risks of digitalisation of money for the society, explains the concept and implications of a CBDC, and discusses implications of digital money for monetary policy. The upshot is that the trend towards digitalisation will probably continue, but has to be closely monitored and ...

Against the backdrop of a trend towards a cashless society and the emergence of private electronic monies, the paper discusses properties of digital currencies and implications for currency competition, describes benefits and risks of digitalisation of money for the society, explains the concept and implications of a CBDC, and discusses implications of digital money for monetary policy. The upshot is that the trend towards digitalisation will probably continue, but has to be closely monitored and accompanied with an appropriate regulatory framework. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs (ECON) Committee.

External author

Salomon FIEDLER, Klaus-Jürgen GERN, Ulrich STOLZENBURG

Linking cohesion policy and the European Semester: Partnership and multi-level governance to boost investment and structural reforms

06-12-2019

Multi-level governance requires the involvement of all levels of government, central, regional and local, in decision-making. Obstacles to appropriate and adequate involvement may lead to infringements of the principles of subsidiarity. However, under the cycle of EU economic and fiscal policy coordination known as the European Semester, local and regional administrations are considered to be 'stakeholders' – that is, they are not categorised as part of general government. Recent extension of the ...

Multi-level governance requires the involvement of all levels of government, central, regional and local, in decision-making. Obstacles to appropriate and adequate involvement may lead to infringements of the principles of subsidiarity. However, under the cycle of EU economic and fiscal policy coordination known as the European Semester, local and regional administrations are considered to be 'stakeholders' – that is, they are not categorised as part of general government. Recent extension of the European Semester to aspects of cohesion policy may consequently strengthen a top-down policy approach. A Code of Conduct, such as that proposed by the European Committee of the Regions, may help correct this imbalance.

Posted on 05-12-2019

Climate change [What Think Tanks are thinking]

05-12-2019

Government officials from across the world are currently engaged in the 2019 United Nations Climate Change Conference, also known as COP25, focussing on how to implement the 2015 Paris Agreement on reducing greenhouse gas emissions. The conference, which runs from 2 to 13 December 2019, was moved at short notice to Madrid in Spain, to avoid the social unrest in Chile. Meanwhile, the new President of the European Commission, Ursula von der Leyen, is preparing a set of new climate and environmental ...

Government officials from across the world are currently engaged in the 2019 United Nations Climate Change Conference, also known as COP25, focussing on how to implement the 2015 Paris Agreement on reducing greenhouse gas emissions. The conference, which runs from 2 to 13 December 2019, was moved at short notice to Madrid in Spain, to avoid the social unrest in Chile. Meanwhile, the new President of the European Commission, Ursula von der Leyen, is preparing a set of new climate and environmental initiatives, as part of the European Green Deal. This note brings together commentaries, analyses and studies by major international think tanks and research institutes on climate talks and wider issues relating to climate change.

Upcoming events

10-12-2019
EU institutional dynamics: Ten years after the Lisbon Treaty
Other event -
EPRS
11-12-2019
Take-aways from 2019 and outlook for 2020: What Think Tanks are Thinking
Other event -
EPRS

Infographics

Stay connected

email update imageEmail updates system

You can follow anyone or anything linked to the Parliament using the email updates system, which sends updates directly to your mailbox. This includes the latest news about MEPs, committees, the news services or the Think Tank.

You can access the system from any page on the Parliament website. To sign up and receive notifications on Think Tank, simply submit your email address, select the subject you are interested in, indicate how often you want to be informed (daily, weekly or monthly) and confirm the registration by clicking on the link that will be emailed to you.

RSS imageRSS feeds

Follow all news and updates from the European Parliament website by making use of our RSS feed.

Please click on the link below to configure your RSS feed.

Publications of the Think Tank

The content of all documents contained in the Think Tank website is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work.

The Think Tank is on...