European Union’s (EU) capacity of influencing (and even changing) other actors without recurring to coercion is one of its defining features as an international player. Although it has been seriously challenged by the economic and financial crisis, migration crisis, terrorists’ attacks and the Brexit, the countries to EU’s East continue to look for strengthening of […]
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The European Union (EU) budget is about one percent of the Gross Domestic Product (GDP) of all Member States amounting to about €240 per annum, per citizen. The EU budget redistributes more than €150 billion annually. These funds are directed towards agriculture and regional policy, which operate to help less developed countries and local communities. […]
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 […]
Studies show that the media report more negatively than positively on the European Union (EU). This ‘negativity bias’ is often used by journalists to attract audiences, but can also reduce public support for the EU. In this study, we explored media coverage of EU Cohesion policy – the largest EU investment policy for reducing economic, […]
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.
There are lessons to be learned from the EU’s responses to the Covid-19 crisis. The pandemic reveals the absolute need for further cooperation in the EU if the member states are to manage these types of health crises effectively. Importantly, the crisis has shown that the social and economic costs of not being able to […]
The EU’s support for R2P The EU’s engagement with the Responsibility to Protect (R2P) – a principle agreed by UN members in 2005 to prevent and respond to atrocities – reflects a surprisingly mixed record in some respects. The slow pace and, at times, ambivalence with which the EU has explicitly embraced R2P, in spite […]
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