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Insight from the Journal of Common Market Studies

Category Archives: Economics & Trade

Revisiting the Trade Effects of the EU-Turkey Customs Union

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In 2015, the Turkish government and the European Commission officially started a process for the modernization and expansion of the Customs Union between the European Union (EU) and Turkey (hereafter called “CU-EUT”). The CU-EUT entered into force 25 years ago on December 31st, 1995. While it provides a far-reaching trade integration for industrial goods, lately […]

The Cultural Sources of British Hard Bargaining

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The British approach to the Brexit talks Another day, another round of Brexit negotiations. Unsurprisingly, perhaps, UK prime minister Boris Johnson has committed to driving a hard bargain of the EU, setting out unrealistic expectations, signalling the UK is prepared for ‘no deal’, launching parallel negotiations with the United States, and adopting a bullish rhetoric […]

Taking central bank politicization seriously

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By Pier Domenico Tortola The European Central Bank “needs a rocket scientist, not a rock star”, quipped the website Politico shortly after the nomination of Christine Lagarde to succeed Mario Draghi at the helm of the ECB, starting November 2019. The risk, the commentary continued, is that the presidency of Lagarde, a central banking outsider […]

Can the European Parliament make the European Central Bank accountable?

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Since the euro crisis, the European Central Bank (ECB) has expanded its powers from monetary policy to banking supervision in the Eurozone. In the framework of the Single Supervisory Mechanism (SSM), established in 2013, the ECB became responsible for the direct supervision of the largest banks of Eurozone countries.

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In God we trust? Identity, institutions and international solidarity in Europe

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Why do some European citizens support sharing economic resources across national borders within the EU while others do not? While the EU and its supporters stand for ‘solidarity across borders’, opponents to increased economic integration argue that the money is better spent at home, exemplified by the Brexit leave campaign’s slogan “we can spend our […]

Posted in Economics & Trade, The EU | Comments Off on In God we trust? Identity, institutions and international solidarity in Europe

Economic Recovery Strengthens Public Support for the Euro

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The long-term sustainability of the euro depends heavily on its ability to attract widespread public support. This is one of the main conclusions I and my co-authors reach in our most recent academic work in this field, which draws its evidence from a uniquely large Eurobarometer database and applies the latest econometric techniques. This blog highlights our most salient findings and underscores their relevance in the current policy context.

Why International Organizations Disagree

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Scholars often look at international organizations, such as the European Union (EU), in splendid isolation. Over the last decade, however, researchers have paid more attention to how international organizations interact and what this means for international cooperation.

After the EP Elections 2019: Mind the populists’ divisions concerning EU policies!

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The longstanding “duopoly” between the two major parties is over: The 9th European Parliament (2019-2024) will have a political centre that is both larger and more multi-coloured, with more broadly liberal or green Members. Populist Radical Right Parties gained in weight, too, but their success was – overall – significantly smaller than expected.

Why East Central Europe’s Flawed Liberals Leave Democracy Vulnerable

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By Seán Hanley and James Dawson East European liberals’ accommodation of ethnic nationalism has left the region’s democratic institutions vulnerable The newer EU member states of East-Central Europe (ECE) were long held up as a textbook illustration of how the attractiveness of the EU’s political and economic model, backed by tough accession conditions, could keep shakier […]

Can the EU Do Strategy?

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Andrew Cottey argues that the existing literature on EU foreign, security and defence strategy has paid insufficient attention to two basic prior questions: what is strategy? And what constitutes good strategy? Answers to these questions help us to understand why the EU struggles with strategy. The 2003 European Security Strategy and the 2016 EU Global […]

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