The ECB has announced a 750-billion-euro purchase programme to fight the economic impact of the COVID-19 pandemic. But like all ECB Programmes in recent years, the new Pandemic Emergency Purchase Programme (PEPP) will likely be challenged in court. This policy brief...
The Banking Union is one of the most important and ambitious projects launched by the European Union in the last ten years. With supervisory and resolution mechanisms for Eurozone banks now up and running, the current narrative is that most of the work to create the Banking...
Does the Eurozone need a “treasury”? The answer is no: The Eurozone needs a common fiscal policy to complement the ECB’s monetary policy. But it does not need a new institution to take fiscal policy decisions or to execute such decisions. The EU institutional framework is...
European companies invest too little. Instead, firms increasingly retain profits and build up large savings which contributes to low growth, rising inequality and financial instability. Boosting private investment, therefore, has become main priority for the new Commission....
Social media platforms have contributed to an unprecedented increase in the spread of disinformation. Concerns about these new and dynamic ways to spread falsehoods have brought politicians and regulators onto the stage. In this paper Paul-Jasper Dittrich proposes a European...
Nachdem die Einführung einer Digitalsteuer auf europäischer Ebene gescheitert ist, haben einige Mitgliedstaaten nun eigene Maßnahmen angekündigt. In diesem Policy Brief gibt Pola Schneemelcher einen Überblick über die aktuellen Entwicklungen.
In diesem Policy Paper werden Kriterien für die Bewertung digitaler Wertschöpfung bei der Besteuerung von Unternehmen definiert, die EU-weit gelten sollten. Diese Kriterien beinhalten die Frage, wo ein Unternehmen steuerpflichtig ist, den Anteil des lokalen Nutzernetzwerks...
By June, the Eurogroup has to come up with a concrete design for budgetary instrument for the euro area - but so far it is absolutely unclear what it should look like. Our policy paper fills this void and makes a concrete and pragmatic proposal that would make the Eurozone...
The European Semester is the framework for the monitoring and coordination of the economic and fiscal policies of EU member states. This Policy Paper by Valentin Kreilinger proposes minimum standards for the participation of national parliaments in the European Semester and...
The Single Supervisory Mechanism (SSM), which gave the European Central Bank (ECB) responsibilities for banking supervision in the euro area, is now 5 years old. The European Parliament is the main political actor with powers to publicly hold the ECB accountable in the SSM....
