Event: Virtual #BarTalk on the Stability of the European Banking System in the corona crisis
For the first time, the latest instalment of the #BarTalk series took place online. The event was organized as part of "Repair and Prepare: Strengthening Europe", a joint project of the Bertelsmann Stiftung and the Jacques Delors Centre. 14 experts on banking and financial markets discussed the impact of the corona crisis on the stability of the European banking system.
Study: ECB policy spurred economic reforms in euro area countries
The European Central Bank (ECB) has repeatedly been the focus of debate: The background are low interest rates, bond purchase programmes and other unusual measures. However, our new study shows that the ECB's monetary policy during the euro crisis has not only helped stabilise the common currency but also led to more structural reforms.
Event: Beyond GDP: What counts for economic & social performance? Understanding different daily life challenges of Europeans
The Covid-19 pandemic has posed major challenges for Europe and shed new light on some areas of daily life. What is really important to us? Are people in systemic professions adequately paid? Can we currently think about sustainability and digitisation, or is it primarily important to preserve jobs and economic power? In a virtual conference organised by the "Europe's Future" programme and the OECD-hosted "High Level Expert Group on the Measurement of Economic Performance and Social Progress" (HLEG), members of the HLEG and other experts came together to discuss well-being indicators and their relevance in the crisis. Amongst others, Nobel Laureate Stiglitz and State Secretaries Schmidt and Kastrop participated. 200 attendees from all over the world followed the event.
Study: Stability of European banks: the fortune of the European banking system depends on the upcoming economic recovery
Covid-19 has put a huge burden on the economy. So far banks have weathered the storm. But will they withstand a prolonged economic downturn, or will they end up worse than after the Great Financial Crisis? A new study by the Bertelsmann Stiftung in cooperation with the Jacques Delors Centre investigates the stability of banking systems in the euro zone.
Event: EU to go special. Virus vs. economy - a European answer? Webinar with 200 guests
The current situation stemming from the corona virus pandemic was not only the thematic focus of the "EU to go spezial", but also determined the setting of the event on April 23, 2020: For the first time in digital webinar format with over 200 participants, our experts presented European developments and measures and examined a possible instrument at EU level to mitigate the pandemic.
Policy Paper: Flattening the Recession Curve
While the ongoing pandemic affects all European economies, we show that it is likely to cause much more economic damage in some member states than in others. Early fiscal crisis responses by EU governments do not reflect these differences. If anything, countries which are likely to be especially vulnerable are currently committing fewer fiscal resources to fighting the economic fallout than others. A joint European policy response to share the fiscal burden of this crisis is, therefore, urgently needed.
Interview: Brexit – "After they leave is when the negotiations will really start"
It's now final, right? In 2016, the UK voted to leave the EU. Now, three-and-a-half years, two prime ministers and one European election later, the divorce papers have been signed, which means Great Britain will exit the European Union on January 31. To find out what comes next, we spoke with our Europe expert, Christian Kastrop.
Event: EU to go spezial "Industrial policy: digital, productive, European?"
“Industrial policy: digital, productive, European?” – was the title of the latest version of “EU to go spezial”, which took place at the Q-Club in Berlin on 13 December 2019. During this event, which was organised by the Jacques Delors Centre and Bertelsmann Stiftung, our experts presented their proposals on how the new European Commission can shape European industrial policy over the coming years.
Event: Workshop on industrial strategy and competition policy with the OECD in Paris
Together with the OECD, the "Repair and Prepare" project organised a workshop on industrial strategy and competition policy that took place in Paris on October 16.
Study: Multinational firms spreading banking crises could cost UK economy billions
In the EU Single Market, companies operate across national borders with branches throughout Europe. This promotes competition and growth. But firm networks across Europe can help banking crises spread, finds a new study by Bertelsmann Stiftung. A banking crisis abroad would hit the UK economy by up to 30 billion euros annually through foreign firms operating in the UK – and a UK banking crisis due to Brexit would hit European economies equally hard.
Policy Brief: The Single Market, welfare and population size – an analysis of EU countries and regions
The European Single Market brings about significant income gains: for instance, fewer barriers to trade are likely to increase competition and boost the productivity of firms. The income gains also make the participating countries more attractive as a place to live and work. This policy paper simulates changes in population size in the hypothetical event of a dissolution of the Single Market in order to estimate “second round” effects of the Single Market on economic growth.
Policy Paper: EU Cohesion Policy – A suitable tool to foster innovation?
Across Europe, regions are divided into innovation leaders and laggard regions – the latter referring to places that lag behind in terms of GDP per capita and R&D expenditure. This innovation gap in turn threatens to reinforce existing welfare differences. The EU recently shifted its focus towards funding innovation to deal with these disparities. Is this strategy working?
Policy Brief: Local infrastructure and economic opportunities: What do Europeans think about their neighbourhood?
In a recent eupinions survey, we set out to explore what people in Europe think about their neighbourhood, the quality of local infrastructure and of economic opportunities in their area. While the results show a generally high degree of satisfaction with living conditions “on the ground”, satisfaction levels differ for example between respondents living in rural and those living in urban areas. What stands out however is the overall pessimistic judgement of economic opportunities for young people.
Study: EU Single Market boosts per capita incomes by almost 1,000 euros a year
The EU Single Market is the world's largest economic area. On paper, it guarantees the free movement of goods, services, people and capital. But what does the Single Market actually bring to Europeans? A comprehensive study by us has examined the impact of the EU's internal market on real incomes in European regions.
Policy Paper: Tackling practical challenges of EU financial integration
25 years ago, the European Union agreed to complete the European Single Market. Its substantial contribution to growth and prosperity in Europe since then is undisputed. However, some important hurdles are still in place. The policy paper analyses some of the practical challenges to European financial integration that remain.
Study: Brexit to cost EU citizens up to 40 billion euros annually
Our new study examines the impact of Brexit on incomes in Europe. It shows that the British would have to shoulder the biggest income losses. But in export-oriented countries like Germany and France, Brexit would cost citizens billions of euros. The US and China, on the other hand, could even benefit from the British withdrawal.
Eu to go special – 07.03.2019: On the way to the EU digital tax?
Today, the ongoing debate on this topic is not only taking place in Brussels, but has also been discussed in our latest edition of the "EU to go spezial" series of events in Berlin.
Report: How do EU citizens feel about an unemployment re-insurance?
At the invitation of the Future of Europe Programme, researchers from the University of Amsterdam presented a new survey: Citizens are in favour of an EU-wide instrument against unemployment. The Bertelsmann Stiftung had previously calculated the macroeconomic effects of a European reinsurance scheme.
Eu to go spezial – 06.02.2019: How are you doing, Europe? Mapping social imbalances in the EU
How is Europe currently doing? This question was at the heart of our new edition of “EU to go spezial”, which focused on social imbalances in the EU.
Publication: How are you doing, Europe? Mapping Social Imbalances in the EU
At the end of May, Europeans will elect a new European Parliament and soon after a new European Commission will begin its five-year mandate. The political changing of the guard in the European Union (EU) takes place after a period in which the European economy recovered from the economic crisis: per capita income has been growing by about two percent annually for the last three years, and growth has recently returned to every EU member state. Unemployment has been falling across the EU in the last year and now stands at an average of 6.7 percent – marking a new all-time low. But are these developments reflected in the daily lives of Europeans? This question seems even more pressing as recently, the economic recovery seems to slow down.
Flashlight Europe: INSTEX: Gateway to EU strategic autonomy?
Last week, France, Germany and the UK set up a common platform for international transactions with Iran known as INSTEX. After the US introduced new sanctions last November against the country, European banks and companies now fear that Washington will impose penalties if they make payments for commercial transactions with Iranian companies. We talked to Nicolas Véron, senior fellow at Bruegel and at the Peterson Institute for International Economics, about the practical details of the new platform and the outlook for this European initiative.
In December 2018, the latest edition of the event series #BarTalkEurope took place in Berlin. The event was organized as part of "Repair and Prepare: Strengthening Europe," a joint project of the Bertelsmann Stiftung and the Jacques Delors Institute - Berlin.
Study: Unemployment re-insurance scheme can stabilize the Eurozone
Cushioning crises is the basic idea behind a European unemployment re-insurance scheme. Euro countries could create a financial pot that supports members in severe crises in order to prevent contagion and high unemployment. What some advocate as necessary stabilization is criticized by others as a transfer union.
International conference with Mario Draghi and Olaf Scholz in Berlin: Making Europe’s Economic Union work – it’s time!
ECB President Mario Draghi sets sights on single market at EMU conference. Lively panel discussion with German Finance Minister Olaf Scholz on Eurozone reforms, Brexit and Franco-German initiatives.
Analysis: Germany's current account surplus: A transatlantic view on the debate
President Donald Trump, who has long characterized the U.S.-Germany economic relationship as unfair, has now called on his counterparts to take concrete steps toward reducing economic imbalances. In times of increasing political pressure, we take a closer look at Germany's current account surplus.
Event: Second #BarTalkEurope: How does Europe shape its digital future?
"How does Europe shape its digital future?”, the second edition of #BarTalkEurope took place in Berlin on 20 June 2018.
Eu to go spezial – 19.06.2018: Euro reforms: Europe in the run-up to the summit
Before the start of the working day, a new edition of “EU to go spezial” focused on EMU reforms before the upcoming European summit. Lucas Guttenberg (Jacques Delors Institut - Berlin) and Katharina Gnath (Bertelsmann Stiftung) presented the current state of the debate on Euro area reforms.
Twelve Stars: Online Debate on the Future of the EU
Together with the "Twelve Stars" project the Bertelsmann Stiftung is initiating a pan-European online debate starting 18 May. The project aims to bring together leading EU experts and academics with citizens from across Europe to jointly discuss the most urgent questions about the future of Europe.
Event: Structural Reforms in France
High Level Workshop in Berlin with Michel Houdebine, Chief Economist at the French Ministry of Finance and the Economy
Publication series: Europa Briefings
In the publication series “Europa Briefing”, the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin cover key topics of European politics and present possible scenarios: What is the problem? What might happen next? And what can politics do now?
Event – 20.10.2017: Euro reform: Where are we?
The project invited Berlin-based policy-makers and experts to discuss the state of play of Eurozone reforms on the eve of German coalition negotiations.