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Russian gas: Can Europe cope with an import stop?
Putin's war in Ukraine has been going on for over a week now. In order to hit Russia hard financially, an import stop for gas is also discussed. This would not only put a strain on Russia, but also on the European gas supply.
Circular economy: How waste shipments contribute to protecting the environment
The European Commission aims at further reducing illegal waste exports and is therefore revising its regulations. Legal waste shipment is an important step towards an efficient circular economy: it reduces resource utilization and saves CO2.
Protectionism: Puzzling attitudes towards protectionism related to lacking knowledge
The changing course of US trade policy since the election of Donald Trump has strengthened the image of free trade in the EU. However, almost 40 percent of EU citizens also support protectionism. This is puzzling, yet lacking knowledge is an important explanation, a new IW study shows. An information campaign is inevitable in order to secure the sustainability of EU Trade policy.
European Union: New priorities for the EU
In the face of new inside and outside threats, intensive discussions are currently underway regarding the future of the European Union. The increasing pressure to reform should be used to substantially reorganize the EU budget. The recent proposals of the European Commission for the next Multiannual Financial Framework (MFF) still lack ambition in this respect.
FinTech Strategy of the EU: Between promotion and regulation
With its Fintech Action Plan, the European Commission intends to promote new business models in the financial sector as well as new forms of business financing. The plan also includes the so-called Initial Coin Offerings (ICO), which could benefit above all young start-ups from the technology sector. However, the Commission’s proposal is not sufficiently far-reaching.
(Un-)Fair taxation of the digital economy
The EU would neglect its responsibility for the mismatch of tax policies among member states by implementing a taxation of the digital economy. It would translate into a tax increase for a specific group of companies, which would make the classification of digital companies alone highly controversial. This would further enlarge distortions instead of guaranteeing a level playing field. Instead of the taxation of the digital economy, the German Economic Institute suggests a two-step approach in order to avoid distortions and unfair taxation.
Training and Education in the Main Countries of Origin
By the end of 2016, Germany had registered around 1.6 million persons seeking protection (Federal Statistical Office, 2017). In order to facilitate their integration into the vocational training and labour market, information on refugees' educational degrees, vocational qualifications and competencies is of central importance.
New Euro area safe bonds: High risks for the ECB
An EU working group presented yesterday a feasibility study for sovereign bond-backed securities. These bonds are designed to reduce the vulnerability of the European banking sector to sovereign debt crises. The problem, however: Should there be any disruptions in the markets for these securities in the event of a crisis, the European Central Bank (ECB) would have to step in.
Energy consumption: Targets threaten efficiency of EU climate and decarbonization policies
Increasingly stringent energy consumption targets for the year 2030 flanked by national energy efficiency targets are about to being agreed at the EU level. A study by the German Economic Institute (IW) shows that these targets when applied to ETS-sectors, conflict with the overall aim of a cost-efficient decarbonization.
Plastics Strategy: Wrapping the EU waste problem
In hopes of getting its growing volumes of plastic waste under control, the EU will be publishing a plastics strategy in early December – and there is certainly plenty to do. A study by the Cologne Institute for Economic Research (IW) shows how the amount of plastic packaging waste per capita differs between member states.