security

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Opinion

European governance

Ukraine and what it means for European Union enlargement

The real issue for EU leaders when they discuss Ukraine’s application at a 23-24 June summit and beyond, is what kind of club the EU should be.

By: Maria Demertzis Topic: European governance, Global economy and trade Date: June 16, 2022
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Blog Post

European governance

Does the war in Ukraine call for a new Next Generation EU?

The European Union should take significant economic measures in response to the war in Ukraine, but a new Next Generation EU is not needed yet.

By: André Sapir Topic: European governance Date: May 17, 2022
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Blog Post

The European Union should sanction Sberbank and other Russian banks

Sanctions on Sberbank and most other Russian banks should be imposed by the EU, without delay and at no major cost to either itself or like-minded countries, while it ponders an oil and gas ban.

By: Joshua Kirschenbaum and Nicolas Véron Topic: Banking and capital markets, Global economy and trade Date: April 15, 2022
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Blog Post

The decoupling of Russia: high-tech goods and components

Sanctions on high-tech goods supplies, combined with financial sanctions and other restrictions, will deprive Russia of a future as a modern economy.

By: Monika Grzegorczyk, J. Scott Marcus, Niclas Poitiers and Pauline Weil Topic: Global economy and trade Date: March 28, 2022
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Blog Post

The decoupling of Russia: software, media and online services

Restrictions so far on software, media and online services in Russia have been imposed either voluntarily by firms, or else by Russia itself in order to restrict the flow of information.

By: J. Scott Marcus, Niclas Poitiers and Pauline Weil Topic: Digital economy and innovation, Global economy and trade Date: March 22, 2022
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Blog Post

The impact of the war in Ukraine on food security

Global food production will be sufficient to feed the global population this year. But export bans, high prices and increasing transport cost might prevent vulnerable countries from procuring sufficient food supplies. Measures to ensure global access to scarcer food supplies and to boost grain production are warranted.

By: Pauline Weil and Georg Zachmann Topic: Global economy and trade Date: March 21, 2022
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Blog Post

Can Europe manage if Russian oil and coal are cut off?

A stop to Russian oil and coal supplies would push Europe into a short and painful adjustment period. But if managed well, disruptions would remain temporary.

By: Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra and Georg Zachmann Topic: Green economy Date: March 17, 2022
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Opinion

How to wean Europe off Russian gas as swiftly as possible

A trans-Atlantic pact between North America and Europe is essential if Europe is to free itself in the short term from its dependence on Russian energy.

By: Morgan Bazilian, Simone Tagliapietra and Georg Zachmann Topic: Global economy and trade, Green economy Date: March 14, 2022
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Opinion

How Europe can defeat Russia’s divide and rule strategy in the long term

The European Union will have to bolster members most vulnerable to Russian blackmail and rethink the structure of European energy markets in order to effectively counter Putin.

By: Simone Tagliapietra and Guntram B. Wolff Topic: Global economy and trade, Green economy Date: March 10, 2022
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Blog Post

Can China bail out Putin?

Even with help from China, Russia will be unable to mitigate the immediate impact of Western sanctions.

By: Alicia García-Herrero Topic: Global economy and trade Date: March 9, 2022
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Blog Post

The economic policy consequences of the war

The Ukraine war will have significant economic policy consequences for the European Union and its members, arising from the adverse supply shock triggered by the rise in oil and gas prices, energy independence measures, the inflow of refugees and boosted defence spending. Their direct budgetary implications could be 1.1/4% of GDP in 2022.

By: Jean Pisani-Ferry Topic: Global economy and trade Date: March 8, 2022
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Blog Post

War in Europe: the financial front

Russia is reeling from massive financial sanctions, while Ukraine’s financial system is battered but remains functional, and the EU and global financial systems have rather easily absorbed the initial shock.

By: Joshua Kirschenbaum and Nicolas Véron Topic: Global economy and trade Date: March 7, 2022
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