On 25 April 2023, the European Parliament passed the Net-Zero Industry Act (NZIA) as a significant component of the Green Deal Industrial Plan, with 361 votes in favor, 121 against,…
EU
On October 1st, 2023, the EU’s Carbon Border Adjustment Mechanism (CBAM) began its transitional phase, with reporting requirements starting in October 2023 and full charges scheduled for implementation by 2026. The CBAM…
Ireland’s siphoning off of GDP and tax revenues makes a mockery of the EU Single Market
Introduction The ‘Celtic Paper Tiger’ is that part of economy tied up with servicing foreign multinationals and reducing their tax bills. It represents 65% of the Republic of Ireland’s economy,1it…
Stability or Sovereignty? Italy’s Challenging Relationship with the European Stability Mechanism
The European Stability Mechanism (ESM) is an intergovernmental organization founded in 2012 by the euro area member states. Its primary objective consists in ensuring long-term financial stability in the euro…
Introduction – the life and career of M. Jacques Delors, 1925-2023 Born in the interwar years, Jacques Delors joined France’s central bank aged 20, where he worked for seventeen years.…
The European Union has long been a pioneer in tech regulation. In 2020, the EU unveiled its data strategy, designed to unleash the potential of vast amounts of big data and…
The Outlook for Europe’s banks and economies in the light of Money Supply Increases and potential Reductions
Followers of US monetary policy are raising concerns about the consequences of the Federal Reserve’s efforts to reverse the 17% growth in the money supply (M21) in the two-year period…
In the past, Europe held a prominent position in the semiconductor industry, accounting for 44% of the global chip market share. However, soon after the turn of this century, manufacturers…
New task bolted on to European Stability Mechanism – with how much extra risk?
Introduction The European Stability Mechanism (ESM) will now be backstop-of-last-resort to the Eurozone banking system, in addition to backstopping the Eurozone member states and the currency itself. Its resources have…
Effectiveness of car scrappage schemes: lessons from Slovakia and other European countries
WP 2023-05. Executive Summary This study aims to investigate the effectiveness of car scrappage schemes implemented in the European Union (EU) during the economic crisis of 2009. The study uses…