By Max Bergmann
This essay offers a general assessment of Japan’s performance in the 2019 G20 and G7 Summits, held respectively in Osaka, Japan and Biarritz, France and looks at how Tokyo coordinated with its European partners (The European Union (EU) institutions and the EU Member States) in these international settings.
In the negotiations between the European Union and the United Kingdom over their future relationship, we see a high probability of a weak contractual outcome, given the dominance of politics over considerations of market efficiency.
This event will discuss SURE, a new European Union instrument for temporary ‘Support to mitigate Unemployment Risks in an Emergency’
Gilles Mourre, Head of Unit – Fiscal Policy and Surveillance, European Commission, DG ECFIN
It’s time for the EU to make quick and indispensable progress in forming a capital markets union.
BY: MARIA DEMERTZIS
COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is needed. This should be based on four principles: viability of supported entities, fairness, achieving societal goals, and giving society a share in future profits. The effort should be structured around equity and recovery funds with borrowing at EU level.
The recent controversial ruling against the European Central Bank by Germany’s Federal Constitutional Court could not have come at a worse time. But it was a necessary reminder that the EU is a community based on the rule of law, and that only its sovereign member states can develop it further.
Great power rivalry has not abated even amid the coronavirus. To survive the economic conflict between China and the US, Europe must make its preparations now.
West Bank annexation will bring an end to the EU’s cherished two-state solution. International norms and the EU’s own laws will now need to underpin post-annexation relations with Israel.
- Beijing’s handling of the pandemic has changed long-standing European assumptions about its reliability as a crisis actor and its approach to the European project.
- Europe’s immediate medical-supply needs and dire economic situation will limit the scope of shifts in its China policy – for now.
- But, on issues ranging from supply chains to ideological competition, European governments have rebalanced their view of what dynamics with China should look like in the aftermath.
- The crisis is also intensifying demands from European parliaments, media outlets, and citizens for Europe to puts its China policy on a more open, accountable, and values-based footing.
- Governments’ pursuit of a “business as usual” approach to Beijing is growing harder to sustain.