Bursting the Bubble

Monthly Archives: December 2015

EPA Holiday Wishes

23 December 2015 | by

For many in our team at EuropeanPublicAffairs.eu (EPA), 2015 has flown by, and likely has for many of our readers as well. Yet the time for annual reflection is upon us, and looking back at 2015 there have been some major landmarks for EPA, all of which were driven by our readers, who inspire us […]

The EU Circular Economy Package: What it is vs. What it means

18 December 2015 | by

Following a year long delay, the revised EU Circular Economy Package (CEP): Closing the loop – an EU action plan for the Circular Economy was launched by Vice-President Frans Timmermans of the European Commission (EC) earlier this month (2 December). The long-awaited report aims to recognise and outline a clear path towards a sustainable and […]

Economic sanctions against Russia: What to expect next?

16 December 2015 | by

This week is likely to be crucial for the extension of EU economic sanctions against Russia. The issue will be discussed by Heads of State during the European Council on Thursday and Friday. Sanctions are due to expire in January 2016 and an extension of six months, waiting for the Minsk Agreements to be fulfilled, […]

Is the Banking Union strong enough to avert the next economic crisis?

14 December 2015 | by

At the heart of the Economic and Monetary Union lies a fundamental contradiction. On the one hand, the EMU requires considerable integration of policies at euro zone level, and a high degree of economic discipline at the national level. On the other hand, most people of the euro zone do not want to be ruled […]

Dovish ECB does not deliver what was expected

9 December 2015 | by

When a country joins a monetary union, it gives up its monetary policy stance that is tailored to its needs, i.e. the level of interest rates and money supply that is appropriate for its economy. The resulting common policy is a one-size-fits-all policy. Booming regions, with high inflation, have the lowest interest rate in the […]