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Repair and Prepare: Strengthening Europe

The Bertelsmann Stiftung and the Jacques Delors Centre join forces to present in-depth analyses and far-sighted ideas for a stronger European economy.

Building EU green bonds that deserve their name

The EU should seize the day: It should issue parts of the Recovery Instrument debt as green bonds and thereby boost that burgeoning market. But it is important to manage expectations: Issuing green bonds alone will not ‚green‘ recovery spending. This will depend on the criteria for climate-friendly spending in the legal texts governing the Recovery Instrument – and these so far lack teeth. So, there is a substantial risk that EU green bonds will set the wrong precedent now if backed by weak criteria. This would pre-empt future legislative work on the final EU green bond standard. If the criteria for climatefriendly spending are not strengthened, the Commission should scale back its ambition and should only issue green bonds for measures that fully match the criteria set out in the EU Taxonomy Regulation.

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How to combine recovery with resilience in Europe

The funds of the EU’s Recovery and Resilience Facility should be spent on two objectives – kickstart the European economy and make it more resilient to future crises. However, there can be a trade-off between rapid recovery from the current crisis and long-term, sustainable resilience of the economy. This policy brief suggests three policy measures to overcome this trade-off.

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Taking a closer look: How to improve the design of the Solvency Support Instrument

The Solvency Support Instrument (SSI) is central to the European Commission’s proposal to mitigate economic damage of the pandemic. It would use part of the money raised under the Recovery Instrument to provide equity support to struggling firms. It could become a powerful tool for the recovery. However, in its current form, the instrument risks providing free lunch bailouts for owners and private investors without ensuring that public support secures jobs, avoids market concentration, and puts firms on a growth path more conducive with the EU’s broader industrial policy goals. To remedy these shortcomings, the instrument needs clear political criteria for equity support and better political control.

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Contact tracing apps in Europe. When one is better than many.

One of the issues brought forth by the COVID-19 crisis is the need to track the infection chains in order to stop the disease from spreading. One of the simplest ways this can be done is via a smartphone app. However, this can bring about several privacy issues. Furthermore, unless a common protocol is taken up all over Europe allowing apps from different member states to be able to seamlessly communicate with each other, the discrepancies would render the national apps ineffective. The member states need to decide on a single app protocol throughout Europe and the European Commission should strongly back its uptake.

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Repair and Prepare: Strengthening Europe

This project delivers ideas and analyses for a stronger European economy. It covers three areas: We outline a reform agenda for the Eurozone that addresses key economic, political, and legal aspects; we propose improvements to make the European Single Market fit for the future; and we address the prospects for and determinants of sustained growth and prosperity in a Social Europe.

Economic and Monetary Union

We set out ideas on how to make the Eurozone more stable and less prone to crisis. This includes proposals to complete the Banking Union, strengthen economic coordination among member states, and improve the Eurozone’s crisis management capacity.

The European Single Market

We identify an array of traditional and new growth factors for a modern, innovative European Single Market. We analyse how Europe can better facilitate public and private investment, innovation and mobility and suggest policy proposals for how best to equip the Single Market for the digital age. The negotiations on Brexit and the Multiannual Financial Framework (MFF) serve as critical inputs and will shape Single Market reform over the years ahead.

Social Europe

The legacy of the euro crisis and the challenges posed by demographic, structural and technological change put social issues at the heart of rethinking Europe’s economy. We suggest innovative solutions for addressing economic transformation processes and reducing social divisions in Europe. We also investigate how best to strengthen fair participation in the economy and how best to improve the Europe-wide employment and educational opportunities of EU citizens.

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Heidi Marleen Bräuer

Head of Communications at the Jacques Delors Centre (Maternal leave)

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Christina Claus

Christina Claus

Project Assistant at the Bertelsmann Stiftung

Phone: +49 (0)30 275 788 123
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Prof. Dr. Henrik Enderlein

Prof. Dr. Henrik Enderlein

Director of Jacques Delors Centre, President at Hertie School

Phone: +49 (0)30 467 2609 05
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Dr. Katharina Gnath

Senior Project Manager at the Bertelsmann Stiftung

Phone: +49 (0)5241 81 81183
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Lucas Guttenberg

Lucas Guttenberg

Deputy Director at the Jacques Delors Centre

Phone: +49 (0)30 467 260 903
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Natascha Hainbach

Natascha Hainbach

Junior Project Manager at the Bertelsmann Stiftung

Phone: +49 (0)5241 81 81843
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Linda Hewitt

Press and public relations officer at the Jacques Delors Centre

Phone: +49 (0)30 – 467 260 905
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Maarja Kask

Maarja Kask

Policy Fellow at the Jacques Delors centre

Phone: + 49 (0)30 259 219 217
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Carolin Köster

Carolin Köster

Administrative Assistant at the Jacques Delors Centre

Phone: +49 (0)30 – 467 260 901
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Nils Redeker

Nils Redeker

Policy Fellow at the Jacques Delors Centre

Phone: +49 (0)30 467 260 907
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Pola Schneemelcher

Pola Schneemelcher

Affiliate Policy Fellow at the Jacques Delors Centre

Phone: +49 (0)30 467 260 909
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Philipp Schulz

Junior Project Manager at the Bertelsmann Stiftung

Phone: +49 (0)30 275 788 154
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