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EU budget and recovery fund: Is it a done deal? [What Think Tanks are thinking]

29-07-2020

After nearly five days of tough negotiations, the European Council agreed on the EU’s next seven-year budget, the Multiannual Financial Framework (MFF), worth more than one trillion euros from 2021 to 2027, and crucially, on an additional 750-billion euro fund to help countries recover from the economic downturn caused by the coronavirus pandemic. Many politicians and analysts have hailed the agreement on the recovery fund in particular as an ‘historic moment’. For the first time, some EU debt will ...

After nearly five days of tough negotiations, the European Council agreed on the EU’s next seven-year budget, the Multiannual Financial Framework (MFF), worth more than one trillion euros from 2021 to 2027, and crucially, on an additional 750-billion euro fund to help countries recover from the economic downturn caused by the coronavirus pandemic. Many politicians and analysts have hailed the agreement on the recovery fund in particular as an ‘historic moment’. For the first time, some EU debt will be mutualised and the EU will tap financial markets on a significant scale to secure funds, which will be disbursed in the form of grants and loans. The European Parliament - which must approve these spending plans - welcomed the fund but criticised the lack of parliamentary scrutiny in its implementation as well as some of the cuts leaders made in spending on innovation and the climate as compared to the European Commission’s MFF proposals and the Parliament’s own demands, and regretted the weakened link between budget spending and the rule of law. This note offers links to first reactions from international think tanks on the budget deal. Earlier publications on financing the EU can be found in a previous item in this series, published by EPRS on 8 June 2020.

Coronavirus: An uncertain future [What Think Tanks are thinking]

17-07-2020

The spread of the coronavirus pandemic is reshaping the world economy and politics. Analysts and politicians argue that the extent of changes will depend on the persistence of the crisis and the ability of global powers to cooperate in efforts to contain and control it. In Europe, where containment rules have already been eased in many countries, governments and citizens fear a second wave of the pandemic, especially given that infection rates are again slowly rising in certain regions. Worldwide ...

The spread of the coronavirus pandemic is reshaping the world economy and politics. Analysts and politicians argue that the extent of changes will depend on the persistence of the crisis and the ability of global powers to cooperate in efforts to contain and control it. In Europe, where containment rules have already been eased in many countries, governments and citizens fear a second wave of the pandemic, especially given that infection rates are again slowly rising in certain regions. Worldwide, populations in conflict-zones find themselves in an especially precarious situation. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the coronavirus can be found in the previous item in this series, published by EPRS on 10 July.

Coronavirus: Tough decisions ahead [What Think Tanks are thinking]

10-07-2020

As the coronavirus crisis shows no sign of abating globally, many governments around the world face tough choices between easing virus containment measures, in order to allow economic recovery, or keeping these measures in place, to protect their citizens’ health and their healthcare systems from being overwhelmed. They have launched vast financial programmes to support vulnerable households and the newly unemployed, backed banks to keep credit flowing in the economy, and strengthened healthcare ...

As the coronavirus crisis shows no sign of abating globally, many governments around the world face tough choices between easing virus containment measures, in order to allow economic recovery, or keeping these measures in place, to protect their citizens’ health and their healthcare systems from being overwhelmed. They have launched vast financial programmes to support vulnerable households and the newly unemployed, backed banks to keep credit flowing in the economy, and strengthened healthcare systems in anticipation of a possible second wave. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on financing the fight against the coronavirus can be found in the previous item in this series, published by EPRS on 6 July.

The EU budget and coronavirus [What Think Tanks are thinking]

06-07-2020

European Union leaders and institutions are now discussing plans to provide a major boost to the European economy to help it recover from the coronavirus crisis. They are doing so in the context of the new long-term EU budget, which would see the total ‘own resources’ ceiling for the Union more or less doubled. On 19 June 2020, the members of the European Council exchanged views by video-conference on the European Commission’s linked proposals, tabled on 27 May, for (i) a new ‘Next Generation EU’ ...

European Union leaders and institutions are now discussing plans to provide a major boost to the European economy to help it recover from the coronavirus crisis. They are doing so in the context of the new long-term EU budget, which would see the total ‘own resources’ ceiling for the Union more or less doubled. On 19 June 2020, the members of the European Council exchanged views by video-conference on the European Commission’s linked proposals, tabled on 27 May, for (i) a new ‘Next Generation EU’ recovery fund, and (ii) an updated Multiannual Financial Framework (MFF) for the next seven-year financing period, from 2021 to 2027, in which the recovery fund would be embedded. The European Council will discuss these proposals again (in person) on 17-18 July in Brussels. In this context, think tankers and policy analysts have been debating the proposals and assessing their potential effectiveness. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on financing the fight against the coronavirus can be found in a previous item in this series, published by EPRS on 8 June.

Coronavirus: An uncertain outlook [What Think Tanks are thinking]

26-06-2020

While many countries, notably in Europe, are currently easing restrictive measures aimed at containing the spread of the coronavirus (Covid-19), the latter is now rapidly spreading in other parts of the world, notably in the Americas and Indian sub-continent. The number of people globally who have tested positive for the disease is now approaching 10 million, exacerbating an already precarious situation in certain conflict-afflicted areas, such as Yemen. In Europe, analysts continue to examine the ...

While many countries, notably in Europe, are currently easing restrictive measures aimed at containing the spread of the coronavirus (Covid-19), the latter is now rapidly spreading in other parts of the world, notably in the Americas and Indian sub-continent. The number of people globally who have tested positive for the disease is now approaching 10 million, exacerbating an already precarious situation in certain conflict-afflicted areas, such as Yemen. In Europe, analysts continue to examine the various ways of financing and promoting economic recovery from the depressive effects of the pandemic. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous item in this series, published by EPRS on 12 June.

Coronavirus and international power [What Think Tanks are thinking]

12-06-2020

Policy analysts and politicians alike acknowledge the ‘game-changing’ impact or potential of the coronavirus pandemic for the world economy and geo-political order, as well as on regional disputes and domestic politics in many countries. For the European Union, the crisis highlights the need for closer and more effective cooperation and action at European level, not least because a number of major players around the world are attempting to use the crisis to increase their international influence, ...

Policy analysts and politicians alike acknowledge the ‘game-changing’ impact or potential of the coronavirus pandemic for the world economy and geo-political order, as well as on regional disputes and domestic politics in many countries. For the European Union, the crisis highlights the need for closer and more effective cooperation and action at European level, not least because a number of major players around the world are attempting to use the crisis to increase their international influence, often at the EU’s expense. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous item in this series, published by EPRS on 8 June.

Coronavirus: Financing the recovery [What Think Tanks are thinking]

08-06-2020

As the coronavirus pandemic now appears to have peaked in several parts of the world, analysts are turning their attention to how best to revive economies from the abrupt and severe economic downturns they have been suffering as a result of the lockdowns imposed over the last three months. Among the tools in play are macro-economic policy (spending and taxation measures), monetary policy and sector-specific support or incentives. They are also reflecting on how best to counter the impact of the crisis ...

As the coronavirus pandemic now appears to have peaked in several parts of the world, analysts are turning their attention to how best to revive economies from the abrupt and severe economic downturns they have been suffering as a result of the lockdowns imposed over the last three months. Among the tools in play are macro-economic policy (spending and taxation measures), monetary policy and sector-specific support or incentives. They are also reflecting on how best to counter the impact of the crisis, depending on the type of economy concerned (notably advanced industrialised or emerging market economies). This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous item in this series, published by EPRS on 28 May.

The coronavirus crisis: Options for economic recovery [What Think Tanks are thinking]

28-05-2020

As the coronavirus crisis keeps the world in its grip, analysts ponder what future measures could stimulate recovery from the deep recession expected in its aftermath, with a focus, in particular, on the European Commission’s plans and the growth-boosting fund recently proposed by France and Germany. Analysts also continue to contemplate what geopolitical order will emerge from the crisis, as well as the impact on individual regions such as Europe, Africa and Asia, or particular countries such as ...

As the coronavirus crisis keeps the world in its grip, analysts ponder what future measures could stimulate recovery from the deep recession expected in its aftermath, with a focus, in particular, on the European Commission’s plans and the growth-boosting fund recently proposed by France and Germany. Analysts also continue to contemplate what geopolitical order will emerge from the crisis, as well as the impact on individual regions such as Europe, Africa and Asia, or particular countries such as Saudi Arabia, Japan or Syria. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous edition in this series, published by EPRS on 26 May.

Coronavirus: The world in limbo [What Think Tanks are thinking]

26-05-2020

Most countries recovering from the first – and hopefully last – wave of the coronavirus pandemic are now in limbo. Confinement measures are being cautiously relaxed while short-term assessments on the impact of the virus on the economy and society are being refined. Meanwhile, analysts are now also looking at the medium- to long-term implications of the disease and also assessing the situation in the developing world, as well as in Russia, where, notably, they see the crisis working against President ...

Most countries recovering from the first – and hopefully last – wave of the coronavirus pandemic are now in limbo. Confinement measures are being cautiously relaxed while short-term assessments on the impact of the virus on the economy and society are being refined. Meanwhile, analysts are now also looking at the medium- to long-term implications of the disease and also assessing the situation in the developing world, as well as in Russia, where, notably, they see the crisis working against President Vladimir Putin. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous item in this series, published by EPRS on 15 May.

Which ‘new normal’ after coronavirus? [What Think Tanks are thinking]

15-05-2020

Many countries are now beginning to relax their strict confinement measures as the infection, hospitalisation and death rates from the coronavirus all fall. However, the impact of such moves is being monitored very closely, in order to try to forestall any second wave of infection. Meanwhile, debate intensifies about whether people’s previous life-styles and working practices, especially in richer industrialised countries, will be radically changed and/or remain sustainable in the emerging ‘new normal ...

Many countries are now beginning to relax their strict confinement measures as the infection, hospitalisation and death rates from the coronavirus all fall. However, the impact of such moves is being monitored very closely, in order to try to forestall any second wave of infection. Meanwhile, debate intensifies about whether people’s previous life-styles and working practices, especially in richer industrialised countries, will be radically changed and/or remain sustainable in the emerging ‘new normal’. In parallel, the possibility of finding a vaccine, and using other modern technology applications, to overcome the virus is being intensively discussed. Analysts are also looking at the disease’s specific impact in the poorest regions of the world, notably in sub-Saharan Africa. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on the topic can be found in the previous item in this series, published by EPRS on 8 May.

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