EU institutions

Bruno Maçães, 08 May 2015

Europe’s institutional architecture is evolving in response to the EZ Crisis and years of economic malaise. This column, by Portugal’s Secretary of State for Europe, argues a flexible institutional framework that allows for stronger economic policy coordination, convergence and solidarity.

The Editors, 15 April 2015

The Eurozone’s problems of poor growth and the threat of financial instability are rooted in its very foundation. The authors of the inaugural Monitoring the Eurozone report, launched today, consider three means by which the Eurozone can protect itself from structural failure. Their recommendations, which do not require Treaty changes, are crucial in offsetting the major risks a repetition of the recent Crisis would present.

Ettore Dorrucci, Demosthenes Ioannou, Francesco Paolo Mongelli, Alessio Terzi, 15 April 2015

Despite a significant progress over the past decades, European integration still needs improvement in some areas. This column presents a long-term narrative of European integration by using a recently published European index of regional institutional integration. The index maps developments in European integration from 1958 to early 2015 on the basis of a new monthly dataset. The evidence shows that successful integration could be achieved with reforms that are inclusive, widely explained, understood, and accepted.

Laurent Bouton, Aniol Llorente-Saguer, Frédéric Malherbe, 29 March 2015

Abstentions in European Council voting are generally treated as silent consent, but in some cases a quorum of abstentions can block an otherwise unanimous decision. This column explores the relative merits of regimes with such constructive abstention rules. It shows that such rules combine the information aggregation aspects of majority rule while still allowing for veto power.

Karsten Neuhoff, 07 March 2015

The European Commission proposed the implementation of a Market Stability Reserve as a response to a surplus of allowances in the Emissions Trading System. This column discusses how the Reserve should be designed and whether it could improve the emissions trading. Insight from several models indicates that the Stability Reserve corrects for a number of market failures in the emissions trading.  

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