Both private and public investment levels are low across the European countries. Now is the time for the governments to step in and help the economies back on a growth-track with a starting point in public investments.
In this paper we estimate the effects of financialization on physical investment in selected western European countries using panel data based on the balance-sheets of publicly listed non-financial companies (NFCs) supplied by Worldscope for the period 1995-2015.
Europe is suffering from too low growth and too high unemployment. This paper argues that low investment in both social and physical infrastructure is one of the root causes of the economic stagnation in Europe and of the worsening conditions of both women and men in the labour market.
Austerity policies coupled with rising inequality in Europe have resulted in a prolonged stagnation and a vicious circle of chronically low demand, slow down in investment and productivity, and economic, social and political instability
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate cross-country effects of both changes in income distribution and fiscal policy.
The Dossier includes an analysis of elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur, their impact on the 2019 Lok Sabha elections, the preparations for Modi’s visit to Israel, and India’s role in the First IORA Summit.
Analysis of ambitions of the Aam Aadmi Party in Punjab, the political crisis in Tamil Nadu and the results of the elections to the Bombay Municipal Corporation, the dialogue between China and India, India's engagement in Africa and its involvement in talks on Afghanistan in Moscow.
It is the time for the governments to step in and help the economies back on a growth-track with a starting point in public investments. To increase investments and secure future growth this paper recommends a Green- Social Investment Plan.
The Dossier highlights a range of domestic and foreign policy developments. These include analyses of the various scenarios ahead of the Assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur and India’s engagement with Rwanda, Kenya and the UAE.
Foreign Minister of Chad, Moussa Faki Mahamat was elected as chairman of the African Union Commission. He replaces the South African Nkosazana Dlamini-Zuma who declined 6 months ago to stand for a second 4-year term.
Taking as its point of departure the EU-Turkey agreement of March 2016 regarding refugees and migrants, this paper analyses the main elements of the agreement and discusses whether the deal (or parts thereof ) could applied to other contexts.
This paper examines the dynamics of EU reforms in the following policy areas: financial regulation, Banking Union and Capital Markets Union by focusing on the preferences and influence of the United Kingdom (UK).
This Dossier includes an extensive analysis of the continuing uproar regarding demonetisation vis-à-vis upcoming elections, the issue of trade unions in the banking sector, the Qatari PM’s and the Indonesian and Tajik Presidents’ visit to India, as well as the Heart of Asia Conference at Amritsar.
The reviews, forecast to be every five years, will include EU member states, and with the expectation that climate mitigation policy ought to be more ambitious in subsequent rounds, national governments will be pressured to raise their targets, especially in carbon emission reductions.
Prior to the desk research FEPS together with Mutuo met in six different European cities each time with a range of representatives from the various cooperative and mutuals sectors together with academics specialising on this topic. The findings of which have helped construct this report.
The Dossier highlights a range of domestic and foreign policy developments. These include analyses of the confrontation between India and Pakistan, the measures by the government against black money and terrorism, election scenarios in Uttar Pradesh, and the 17th India-Russia Annual Summit.
Two months after what commentators called “disastrous” local government elections for the ANC, the party hasn’t come out with clear analyses of its defeat and decisions concerning its leadership or policies.
The September 2016 Dossier include analyses of the crisis of Indian cities, political developments in the Congress and the Aam Aadmi Parties, the extreme tensions between India and Pakistan, and PM Modi’s recent participation in the G20 summit.
The rich material gathered in the surveys conducted for the Millennial Dialogue project serves as an inspiration for this paper, which is drafted in order to sum up the initial findings alongside with identifying the queries that will guide the further debate.
The CMU proposal marks two accomplishments. First, it reframes securitization (the pooling, repackaging and selling of loans) as a practice that can somehow be “simple, transparent and standardized” (STS), a shortcut to stimulating economic growth and job creation in Europe.
In this paper we take a closer look at those parts of the European Commission's Capital Market Union (CMU) that bear upon the attempt to set up a new market for securitized mortgages, called "simple, transparent, standardized", or STS-securitization.
The resurrection of the securitisation market lies at the heart of the EU project to build a pan- European capital markets union (CMU) and it recently flowed into the Commission proposal for a Regulation laying down a framework for Simple, Transparent and Standardised (STS) secu-ritisation.
To explain when and how finance wins, political economists have studied the financial sector’s instrumental power to lobby policymakers and the structural power that results from its central position in the economy.
The Dossier highlights a range of domestic and foreign policy developments in India as well as in the wider region. These include a discussion of the situation in Kashmir, a look at whether Congress is still a political force and a portrayal of Chief Minister of the Pema Khandu
The ECB started €1 trillion worth of massive large scale asset purchase programme (LSAP) when the evidence from the US shows that the transmission mechanisms have not worked as expected and private investments have not returned to the pre-crisis levels.
For many the link between Capital Market Union and SME finance is a cynical ploy to sell financial markets to the citizens of the EU. In this paper we explore the relationship between the SME finance and European integration to illustrate a central structural relationship in the EU.
The 2007 financial crisis revealed the existence of a completely parallel funding system outside of regular banking, the so-called shadow banking system (SBS). Researchers have focused on the American SBS, but the European SBS has received little attention.
The role of banks in the global financial crisis has generated significant public anger. The massive bailout using billions of public sector funds has been seen as something which must not be allowed to happen again.
We investigate the interaction between inequality, leverage and financial crises using bivariate Granger causality tests for a sample of 13 European countries and the United States over the period 1975-2013.
The June 2016 Dossier highlights a range of domestic and foreign policy developments in India as well as in the wider region. These include an interview with Mani Shankar Aiyar, and a detailed account of the recent travels of Prime Minister Narendra Modi.
this study aims to provide an empirically grounded analysis of the EU’s Common Security and Defense policy and its role as one of the security-defense policy options of the EU Member States, contributing to a more realistic reading of the EU’s new ‘normative’ initiatives to come.
Joint study by the Foundation for European Progressive Studies (FEPS) and UNI Europa, carried out by University of Hertfordshire and Ipsos MORI is investigating the size of the Dutch ‘gig economy’. In Netherlands the research was co-sponsored by TNO Netherlands.
The May 2016 Dossier includes a detailed account of the recent Assembly elections in five states and an ensuing analysis of the consequences for the national level, Prime Minister Modi’s visit to Tehran post sanctions, and President Pranab Mukherjee’s visit to China.
This article describes how Southern Africa missed the chance to use the additional income from the commodity boom to initiate reforms towards more diversification and industrialisation of their economies.
This Dossier provides insights into a range of domestic and foreign policy developments in India and the wider region. These include an analysis of the major challenges India is currently facing, the multi-faceted contests in Tamil Nadu, the 13th India-EU Summit.
President Zuma’s refusal to resign despite a verdict by the South African Constitutional Court, which ruled that he had failed to uphold, defend and respect the Constitution, started a heated discussion about the ANC.
Declining or stagnant wages, the attitude of the European Commission and beneficial tax systems for capital lead on several levels to a weakening position not only of middle and lower class interests but also their institutionalized representatives, i.e. trade unions and progressive parties.
The aim of this paper is to examine the correlation between e-learning platforms and social cohesion in Europe, where social cohesion is understood as “the ability of a society to ensure the welfare of all its members, minimizing disparities and avoiding polarization” (Council of Europe, 2004).
With an order issued on 14 January 2014, the German Federal Constitutional Court , for the first time in its history, referred a question to the Court of Justice of the European Union for a preliminary ruling under Article 267(1) of the Treaty on the Functioning of the European Union.
While it should be kept in mind that the socially constructed concept of ’democracy’ might have different meanings for the citizens across the EU-countries, it is clear now that the classic forms of representative and participatory democracies in Europe are in different types of crisis.
The March 2016 Dossier highlights a range of developments in India and in the wider region. It analyses of the immanent dangers under the Modi-regime, the election in the state of Kerala, the visit of minister Sushma Swaraj to Kathmandu, and the elected civilian executive in Myanmar.
At a time when governments are highly divided about the draft agreement between the European Union and Turkey and while the migrant issue is exerting ever growing pressure on European cohesion, FEPS An FJJ wanted to have available an updated overview of European opinion.
Research by the University of Hertfordshire and Ipsos MORI, in association with the Foundation for European Progressive Studies (FEPS) and UNI-Europa, is investigating the size of the ‘gig economy’ in Europe. In Sweden, the research was co-sponsored by Unionen.
The Dossier analyses the ongoing phenomena of student unrest in Indian universities, the potential signs of a Congress revival under Rahul Gandhi, the visit by President Hollande to India, and the tensions that erupted with the promulgation of the Nepal Constitution.
Transnational anti-gender mobilizations emerged almost simultaneously throughout the years 2012-2013 all over Europe, seriously challenging women’s and minorities' rights, and attempting to undermine the very foundations of liberal democracy.
Developing and adopting policies aimed at reducing the gaps between men and women is not just a good in of itself, but also for the future economic and social development. Our paper explores the gendered consequences of the public policies which have been pursued across EU countries.
Research by the University of Hertfordshire and Ipsos MORI, in association with the Foundation for European Progressive Studies (FEPS) and UNI-Europa, has revealed, for the first time, the true size of the UK’s ‘gig economy’.
Analysis of a range of domestic and foreign policy developments in India and in the wider region, including Amit Shah’s election as BJP-President, Prime Minister Modi’s Moscow visit and his diplomatic efforts in the Af-Pak region, and the visit to Palestine and Israel by External Affairs Minister.
The November/December Dossier focuses on a range of domestic and foreign policy developments in India as well as in the wider region, including the state of the Re-public at the end of the year, the 3rd India-Africa Forum Summit, the UK visit by PM Modi, and the relations between India and Japan.
President Zuma fired his respected Finance Minister Nene and replaced him with a little known backbencher. Four days later Zuma revised his decision by re-appointing the predecessor of Nene as the new Finance Minister. Can ANC avoid the further decline of the party into a patronage machine?
On October 23rd 2015, the events in and outside South Africa’s parliament were symbolic for the country’s political and economic state. Outside parliament students were demonstrating against the proposed hikes in university fees (#FeesMustFall) .
The Foundation for European Progressive Studies (FEPS), the think tank of the Social Democrats at European level, and its French partner Jean Jaurès Foundation sponsored the survey carried out by the IFOP polling institute on "Europeans facing the migrant crisis”.
The Dossier offers an overview of the major trends and developments in Indian politics, including a detailed analysis of the Naga Peace Accord and the agitation of the Patel community in Gujarat, Prime Minister Narendra Modi's US visit and the visit of Sri Lanka's Prime Minister to New Delhi
The Dossier offers an overview of the major trends and developments in Indian politics in July and August, an obituary on the occasion of the death of former President Dr. Abdul Kalam, Narendra Modi’s visit to the United Arab Emirates in order to establish better links with the Islamic world
Policies promoting black economic empowerment (BEE) have been put in place trying to correct past injustices. After 20 years of BEE, these policies are coming under increasing criticism concerning their effectiveness to reduce inequality in South Africa.
Analytical overview of developments within and beyond India’s political scene, including revelations that have the potential to tarnish the image of of the National Democratic Alliance, as well as the Indian government’s foreign initiatives vis-à-vis Sweden, Belarus, Bangladesh, the US and ASEAN.
This report summarises publicly available material on jobs, employment and working conditions in the Irish hospitality sector. It provides an overview of the structure of the sector and of employment. It also describes employment regulations and collective representation.
This report summarises publicly available material on jobs, employment and working conditions in the Irish financial services sector. It provides an overview of the structure of the sector and of employment.
This report summarises publicly available material on jobs, employment and working conditions in the Irish construction sector. It provides an overview of the structure of the sector and of employment.
This report summarises publicly available material on jobs, employment and working conditions in the Irish information and communications (ICT) sector. It provides an overview of the structure of the sector and of employment. It also describes employment regulations and collective representation.
The South Asia May Dossier provides analysis of various domestic and foreign policy issues of India, including Prime Minister Narendra Modi’s recent diplomatic trips to China and Mongolia and the Congress’ effort to bank on a (changed) Rahul Gandhi in order to better challenge the government.
Ahead of the Summit of the African Union taking place in South Africa, the government promised immunity to all attending officials. Despite an order by the High Court to prevent Sudanese President Omar al-Bashir, who is wanted by the ICC, from leaving the country, he was allowed to leave.
The report investigates the social reality of Europe in the wake of the global financial crisis. It looks at the extent to which post-crisis aftershocks are combining with long-term structural trends to impact on the wealth and well-being of Europe’s citizens
With analysts blaming the continuous electricity blackouts that have taken place in the country since 2008 for the lower than expected economic growth rate, South Africa continues to suffer from a deep energy crisis.
The Dossier gives an overview of domestic and foreign policy issues of India, ranging from a short balance sheet of the NDA-government, the new Communist leadership to the foreign visits of Prime Minister Narendra Modi as well as his interactions with the new President of Afghanistan.
This paper by Ozlem Onaran, Professor of Workforce and Economic Development Policy, University of Greenwich and Thomas Obst, PhD Candidate, University of Greenwich, estimates a multi-country demand-led growth model for EU15 countries.
Cette étude présente la synthèse des échanges qui se sont tenus lors du séminaire portant sur « Les nouveaux enjeux pour le féminisme en Europe », co-organisé par la Fondation Jean Jaurès et la FEPS, le 15 novembre 2014 à Paris.
March Dossier highlights domestic developments, reaching from a deep crisis in the Aam Aadmi Party to the formation of the coalition government between the regional People's Democratic Party and the national BJP in Jammu & Kashmir.
On the eve of the important budget session, Dr. Klaus Voll analyses the major trends of domestic affairs in India, whereas Dr. Joyce Lobo throws light on the visit of Sri Lanka's new President to India and its implications for the bilateral relations, including the China factor.
A recent growth in xenophobic attacks on migrants marks a worrying trend in post-Apartheid South Africa. Yet there has been a mixed history, with South Africa exhibiting one of the most liberal immigration regimes in developed economies and bringing significant benefit to some neighbouring states.
The land-slide victory of the Aam Aadmi Party and the decimation of the BJP in Delhi indicate a major change in Indian politics, which overshadowed Barack Obama's second visit to India. Another focus is India's position in Lima.
This dossier reaches into the first half of January 2015 , covering some reflections on Obama's second visit as Chief Guest at India's Republic Day. It also covers the outcome of the Presidential election in Sri Lanka.
The European Union needs to make the Common European Asylum Policy a reality, based on solidarity at three levels: within the Member States, on international and the local level. The Foundation for European Progressive Studies (FEPS) has prepared twelve proposals to serve this purpose.
India and its relations with China in the context of BRICS, a portrait of India's new defence minister Manoj Parrikar, President Mukherjee's visit to Bhutan and a wide range of articles on internal, regional and Asian developments document on major developments in and around India and Asia.
Arnold Wehmhoerner provides an analysis of elections across the SADC region with a long view stretching from the end of the Cold War. A new dawn in democratic elections has not always heralded improved democratic practices as the politics of patronage heavily influences electoral outcomes
On the invitation of the International Department of the Communist Party of China, FEPS sent its two representatives from the BRICS countries India and South Africa, Dr. Klaus Voll and Arnold Wehmhoerner, to attend this very well organized symposium.
More than four years after its inception, the European recession is still a work in progress. While this makes any stocktaking exercise a tentative affair, it is indeed clear that women are becoming more and more important for the European economy.
Following the debates organized on 14th October, in Washington D.C. by FEPS together with its partners (SOLIDAR, Policy Network, Foundation Jean Jaurès and Renner Institut) A. Skrzypek listed 10 steps forward.
According to organizations such as Business Europe, TTIP can add 0.5 % to GDP growth annually in the EU (or €120billion) and create 1.3 million additional EU jobs over 10 years. K. Gallagher that is not so optimistic as he believe such figures are based on floods economic models.
Aron Lund is a Swedish freelance writer and journalist specialized in the politics of the Middle East. For FEPS, he previously published the book Divided They Stand: An Overview of the Syrian Political Opposition. He visited Iraq in late August and wrote this article about the islamic situation.
Bruno Liebhaberg analyses in this article the new Belgian government described by some as “kamikaze” for its fragility. The new federal government is based on an unprecedented coalition between the French-speaking liberal party (MR) and the 3 Flemish parties in power in their Region.
By Giovanni Cozzi and Stephany Griffith-Jones. Il sistema finanziario privato non è riuscito ad assolvere bene alle sue funzioni, generando crisi. Ciò ha attirato sempre più l’attenzione sul ruolo positivo che possono svolgere le banche pubbliche per lo sviluppo.
Prominent experts, coordinated by FEPS Correspondant Klaus Voll, analyze a wide range of India’s foreign policy issues (China, US, Indo-Pacific), particularly also the PM’s visit to Nepal and the deteriorating relations with Pakistan.
By Joyce Lobo. India has emerged as a voice amongst the developing countries at the WTO while negotiating or proposing agenda. One such area has been the public stock holding for food security purposes that it brought into the agenda of the WTO’s Ninth Ministerial Conference at Bali.
Hereby FEPS would like to present the results of the Next Left roundtable debate that has been organised by FEPS with the support of the Renner Institut straight after the European Elections that took place the end of May.
Democratic Socialism in South Asia, political developments and violence against women in India, a China-SAARC-meeting in Chengdu/Sichuan Province, Modi’s visit to Bhutan, a visit by China’s foreign minister to India and India’s relations to Iran.
This piece looks at the dynamics around debates on sexual orientation in Africa amid a rise in anti-gay legislation in several countries. He charts the situation wherein cuts in development aid are portrayed by traditionalist leaders as post-colonial interference in African affairs.
With Narendra Modi’s rise to power, alongside his Bharatiya Janata party, the political landscape in India looks set to change considerably. FEPS South Asia correspondent, Dr Klaus Julian Voll, is joined by eminent indian experts to analyse the new dynamics for Indian democracy.
The overwhelming victory of the BJP/NDA and the virtual decimation of the Congress will unfold a different form of governance with "a strong man“ at the helm. Narendra Modi, admired and vehemently opposed, faces tremendous expectations, which cannot be fulfilled by nationalism and populism.
The scandals surrounding President Zuma brought predictions of a rout for the ruling African National Congress, but the emotional link to the liberation party is still strong and the party still attained a massive 62% of the vote, in spite of some slippage.
With 3 days of political debates, 12 leaders of European social democracy, 21 partners involved, 67 honourable speakers and over 1000 participants, this Forum was the momentum through which all involved could truly live the spirit of European politics. Here you can find the report on the Forum.
Is the Eurozone crisis over? What is missing to really overcome this crisis? Why do we need to develop a fiscal capacity in the Eurozone? What kind of New Deal is necessary to complete the Economic and Monetary Union? These are the key issues addressed by this paper.
This month’s dossier examines
the rise of Narendra Modi and the foreign, economic and environmental policy programs
of the BJP, Congress and AAP;
analysts also look at the India‐China and India‐Russia strategic
Nigel Farage and the UK Independence Party (UKIP) have successfully widened their ‘hard’ Eurosceptic message to encompass strident opposition to immigration and populist attacks against established political class.
Ten Years of the EU Membership in the New Member States: Decline in democracy, good governance and competitiveness. It is a study by Attila Ágh evaluating the development of the New Member States 10 years after the EU accession .
The annexation of the Crimea by Russia is an unprecedented event, with highly uncertain consequences. In this paper, André Gerrits asks if this is the beginning of a new area in global politics. What are the immediate and longer-term consequences of the Ukrainian crisis?
Electoral analyses from polarized India and the strategically important Maldives; economic and strategic relations between India and China; the BIMSTEC Summit in Myanmar; and perspectives on China’s attitude towards Ukraine.
While the world mourned Nelson Mandela and while in many speeches his achievements and personality were praised, many commentators from overseas but also in the local press point out that the present South African leadership is not living up to Mandela’s ideals and has betrayed his legacy
FEPS Studies, April 2014. Exercises of foresight, scenarios building and strategic choice should be digested when preparing the multiannual plan of the next Commission. This study builds on documents and discussions in order to make elaboration on the next European Commission challenges.
This article is based on the discussions of the fifth Transatlantic dialogue on gender issues, organized by FEPS with the support of the Fondation Jean Jaurès and the Boston University. By Zita Gurmay, Pia Locatelli and Judit Tanczos.
This month’s dossier contains detailed analyses of the political situation in Thailand, South Korea, and between Japan and India.
FEPS Consultant Klaus Voll is accompanied by other experienced analysts to look at the interaction of Indian politicas with these broader dynamics in the region.
FEPS Studies, March 2014. This study by Giovanni Cozzi (FEPS) and Jo Michell (University of the West of England) compares and contrasts two alternative scenarios for Europe. One based on continued austerity policies and the other based on an expansionary employment-focused macroeconomic framework.
Analyses of the Aam Aadmi Party (AAP), currently ruling Delhi, is a new phenomenon making headlines in India; Relations between India and the Maldives, Indo-US relations, a lack of foreign policy consensus in India, maritime issues including China’s role ...
Analyses by Dr Klaus Julian Voll, FEPS Advisor on Asia with Dr. Joyce Lobo, Shyam Saran and Dr. C. Raja Mohan of important state elections in India, Nepal’s second Constituent Assembly, and comment and analysis of India’s foreign, security and domestic issues.
Shifting the discourse to enhance measures giving more visibility and oversight over the profile of migrants arriving to EU territory could be one of the opportunities to become agenda setters on migration policies, said in this policy brief FEPS Policy Advisor Judit Tánczos.
Ahead of the upcoming Commission proposals for the 2030 framework on energy and climate change FEPS is launching this collection of articles at a conference in Budapest which addresses some of the fundamental issues at stake. Energy policy is at the forefront of political debates across Europe....
This article aims to give an overview of the current economic, political and social situation in Greece and advocate for the implementation of the progressive alternative policies both at European and national level.
The decision by the African Union Extraordinary Assembly that “no charges shall be commenced or continued before any International Court or Tribunal against any serving AU Head of State or Government” raised serious questions about the relationship between the AU and International Criminal Court.
This paper from Dr Klaus Voll, FEPS Correspondent for Southern Asia, looks at the prospects for building peace and trust between the tewo countries. It also charts the utilisation of “soft power” influence in Afghanistan as a preferable alternative to direct military cooperation with Kabul.
Why the UK needs Europe for affordable and secure energy is the question answered by Claire Mc Neil for FEPS and IPPR. It addresses the need for more cooperation within Europe to ensure an affordable and secure energy supply.
L’arrestation le 30 juin 2013 à Dakar de l’ancien Président de la République du Tchad Hissène Habré pourrait sonner le début d’une nouvelle ère de justice sur le continent africain, élabore Pierré Sané, Président de Imagine Africa, une fondation basée à Dakar.
FEPS Studies August 2013. This study assesses the reformed EU governance, particularly organised within the ‘European Semester’. This governance was considered by the EC and the Member States’ governments to be the indispensable condition of a well-functioning Economic and Monetory Union
In accordance with the power sharing agreement that was forced on Zimbabwean parties by the SADC in 2008, elections are to be held for the July 31st. FEPS Correspondent for Southern Africa, A. Wehmhoerner analyses the state of play of a countrty under the full contry under the full control of Mugabe
This most recent FEPS briefing on India by Klaus Voll, FEPS Advisor on Asia and Kamakshi Nandi, Political analyst and historian, comes at a backdrop of considerable upheaval on both the domestic and foreign policy levels.
Building on her experience of preparing meetings of the European Council for twelve years, Maria João Rodrigues, assessed for FEPS the latest European Council of 27-28 June, providing here a special insight on the context, background and critical assessment of these curcial meetings.
The high demand for commodities and connected rise in prizes creates for African countries a unique window of opportunity to lay the foundations for sustainable development. A. Wehmhoerner, FEPS Correspondent for Southern Africa, examines the situation and calls for international action.
Because the discussion on Eurobonds is both technically and emotionally connoted in the discourse, the purpose of this paper written by three members of the FEPS Young Academic Network is to connect both discourses.
Following the seminar "Campaigning for the Future and the Future of Campaigning", organised in March in Washington by FEPS and the CAP, this paper by FEPS Policy Advisor David Kitching seeks to address some of the challenges facing European progressive campaigners and strategists.
Director of Notre Europe, Yves Bertoncini, takes a stand in the debate on the democratic dimension of the Economic and monetary union, in a Tribune inspired from the concluding remarks he has expressed on March 23 at a Brussels seminar co-organised with the FEPS
This article written for FEPS by Fadi Elhusseini, Associate Research Fellow (ESRC) at the Institute for Middle East Studies in Canada, takes the long historical view of the political situation in the Middle East and the so-called Arab Spring.
This study by Tamás Boros, FEPS Scientific Council Member and Director of Policy Solution and Zoltán Vasali, Senior Political Analyst, Policy Solutions aims to map trends within euroskepticism, identify euroskeptic demographics, and make recommendations for reaching euroskeptic or apathic citizens
Dr. Klaus Voll, FEPS-Advisor on Asia and Kamakshi Nanda, Political Analyst, provide an overview of the recent developments in the Maldives and India : A Look at Maldives, Instability of the Congress Government, India's relations with its neighbours, Indo-European ties & latest BRICS summit
Following the fifth BRICS summit held on 25-26th March in Durban, Arnold Wehmhoerner, the FEPS Southern Africa correspondent, analyses the current state of play in the BRICS grouping and the development of this entity since the acronym was coined 12 years ago. This paper looks at the debates...
"It is a common occurrence that gender issues are marginalised within the European political sphere." said FEPS Secretary General Ernst Stetter in the foreword of this new book which gathered the contributions of the third Transatlantic Gender Dialogue, part of the well-established and...
In preparation to the seminar "A gender sensible European Parliament 2014?" - supported by the Fondation Jean Jaurès - Ghislaine Toutain, prepared a background study (only available in French) which takes stock of the EP's achievements concerning gender equality. The author mainly focuses on...
This paper examines the state and nature of youth unemployment in the EU and the potential of the youth guarantee. The authors study the countries where a youth guarantee has been implemented or is in the process of being introduced.
Restoration, reshape, revival – in essence – Renaissance! These are the clear messages drawn out from the written contributions of the experts invited to this Renaissance event in Turin. Read the paper of Sir Julian Priestley entitled "From Anger to Hope: the road to empowerment"
Country-wide demonstrations against violence and rapes of women showed the contours of a rapidly changing India, R.Gandhi plays a new role in the battle for 2014 elections. The BJP elected with R. Singh a new Pdt. Putin’s visit underligned Russia’s role as a major supplier of high-technology weapons
This article by Matthias Thiemann poses a fundamental question: Why did banking regulators around the globe permit their banks to evade core capital requirements by acting in the bank-based shadow system before the crisis of 2007?
This weekend voters in the Czech Republic will flock to polling stations to elect their president. The Czech president has largely ceremonial powers and much of his influence stems from the high respect many Czechs hold for the office. Apart from domestic politics, the election can be expected...
Romanian Social Democrats achieved their second best election result ever last month. The Social Liberal Union won a landslide victory in the parliamentary with around 60% of the vote. As senior member of the political alliance, the Social Democratic Party has the largest number of MPs in the...
Although the Italian electoral campaign formally began only a few days ago, the European issues have been attracting the attention of the main commentators for a long time now. The enthusiasm that was created in the late 1990s during the convergency-process towards the Maastricht criteria...
For the last six years the Polish political scene has been dominated by two right-wing parties: the ruling liberal-conservative Civic Platform (PO, European People's Party) and the oppositional, conservative-national Law and Justice (PiS, European Conservatives and Reformists). The remaining...
In the context of the re-election of Jacob Zuma as party president of the ANC, this new article by FEPS Correspondent for Southern Africa, Arnold Wehmhoerner, examines the moral decline of the ANC during the process from a liberation movement to a party in power.
Queries No.2. Divergences between countries in the industrial competitiveness are causing economic dislocation in the euro zone and undermining Europe’s ability to compete on the international stage. These problems have been compounded by the increasing financialisation of corporate governance
This article by C. Uday Bhaskar, Director of the National Maritime Institute and formerly a Commodore with the Indian Navy, looks at the political, economic and military ramifications of the emerging triangle in 21st century geopolitics.
Signed by Will Straw, this report from FEPS with the support of IPPR is in the frame of the results from a research project carried out in the UK which included gathering public opinion to understand where public opinion lies in relation to the European economy, social Europe, and European democracy
In the preparation of the event organized by FEPS in Budapest and the roundtable entitled "Strengthening the CEE region, strenghtening Europe through a new socio-economic paradign and through enhanced democracy Attila Ágh Professor, Corvinus University of Budapest, made this report.
This discussion paper makes the case that after a period of idleness the space and common ground for a serious transatlantic agenda on the future of progressive politics is emerging once again in the form of these economic and political dilemmas.
This article by Ana Otero, Junior Economic Advisor at FEPS, charts the evolution of the situation from Spain’s economic situation to a nascent European banking union.It looks at the options available at present as well as the mechanisms for dealing with the crisis adopted by other EU member states.
This new article by Klaus Julian Voll, FEPS Correspondent in New Delhi and political analyst and historian Kamakshi Nanda, charts the political developments surrounding this policy change and looks to the near future for further interesting developments for the world’s largest democracy.
This new article, written for FEPS by Frédéric Ménager-Aranyi, EuroCité’s General Secretary, aims at defining what concrete and realistic measures could be taken to reform the EU’s financial architecture to endow it with a structure that would limit and prevent the consequences of recent crises.
Article 7 TEU is currently perceived to be an insufficient mechanism to protect the values of the European Union. But what else can be envisioned under current EU law? Professor Pinelli, University of Rome “Sapienza” analyses for the FEPS Jurists Network the possibilities.
This paper assesses the macroeconomic forecasts produced by ECLM from September 2008 to March 2011 on the state of the crisis. As one would expect, what is labelled a ‘negative forecast scenario’ reveals itself to be more in line with the actual state of the economic situation in Europe.
The mines are not only the most important economic sector for South Africa but what happens there has always been an indicator for the political state of the country. Read the article by Arnold Wehmhoerner, FEPS Correspondent for Southern Africa.
Investment ratios are low but private savings surpluses are high in Europe, which indicates that there is great potential for creating confidence in the European economy" said the new FEPS-ECLM paper, highlighting growth forecasts from the main international organisations.
In two different papers, Klaus Voll, FEPS Correspondent for Asia, and Kamakshi Nanda, historian and political analyst, chart out the course of two elections, examine the profiles of the main candidates, and provide a concise explanation of the role and functions of the two highest functions of India
This paper prepared at the request of the FEPS by J.Niessen, Migration Policy Group, follows migrants on their journey and suggests policy responses corresponding to each step of this journey. The complexity of the changes individuals and societies are undergoing means that there are no easy answers
Ahead of the next European Summit and given the need to counter austerity measures and to provide the European Union with sound and sustainable policy proposals for growth, FEPS, IPD and ECLM organized a meeting to discuss concrete proposals to significantly increase lending by the EIB.
Building on her experience of preparing meetings of the European Council for twelve years, Maria João Rodrigues, special advisor in the European Union institutions, provides here a special insight on the context, background and critical assessment of these meetings where the EU political ...
This new paper co-authored by S. Griffith-Jones, M. Kollatz-Ahnen & L. Andersen present concrete proposals to significantly increase lending by the EIB as well as other measures so as to meaningfully advance the European Union growth agenda.
Whenever negative headlines about corruption and malpractice hit the South African press a discussion starts on whether South Africa is following the fate of Zimbabwe. In Zimbabwe the leader of the liberation movement, Robert Mugabe, has turned into a dictator and his party ZANU PF into ...
Background document for Beyond Austerity: Alternative Policies for Employment and Growth Conference, Rome, May 2-3, 2012.
Organised by Foundation for European Progressive Studies (FEPS), Initiative for Policy Dialogue (IPD) and Fondazione Italianieuropei.
Europe is expected to go into recession this year, clarifying that the European recovery is still far from being self-sustaining, and that there is still a need for government intervention to get the European economy back on track, Senior Economist Signe Hansen said in a FEPS and ECLM paper. Despite
The results of the Indian regional elections invariably affect stability at the level of the central government both in the short and long term. Read the new paper from our FEPS Correspondent in New Delhi, Klaus Voll
Building on her experience of preparing meetings of the European Council for twelve years, Maria João Rodrigues, special advisor in the European Union institutions, provides here a special insight on the context, background and critical assessment of these meetings where the EU political...
Building on her experience of preparing meetings of the European Council for twelve years, Maria João Rodrigues, special advisor in the European Union institutions, provides here a special insight on the context, background and critical assessment of these meetings where the EU political...
This paper marks the beginning of a research project in which FEPS analyses the resurgence of right wing populism and extremism in Europe. It seeks to establish an analytical framework for practical use by those who are opposed to the broadly defined “far right”.
This contribution, elaborated in the frame of the collaboration between FEPS and Economic Council of the Labor Mouvement (ECLM) argues for a true coordinated macroeconomic strategy for Europe. It suggests dividing national budget deficits into an operational part, including public consumption ...
On 27 April, FEPS organised in Tunis the "Mediterranean Strategic Dialogue – Listening to the progressive Mediterranean". With the collaboration of its national foundations and of the Global Progressive Forum, FEPS brought together representatives of Tunisian parties of the left, ...
The Hungarian media law symbolises the need for the European Union to assume its responsibilities to defend media freedom. Interpretations of this law diverge, however. In Hungary, it is seen as the straw that broke the camel’s back, coming on top of a series of laws ...
Following the Polish general elections that took place on 9th October 2011, Dr. Ania Skrzypek, FEPS Policy Advisor, analyses the situation of the Polish left and the landscape after the battle. Though a list which can be long, she identifies some that could explain the bad results for the SLD ...
The current financial and economic crisis constitutes a unique challenge to the economic and financial governance of the European Union. While economic and fiscal policies remain national competencies of the Member States, they exercise them within an EU system of non-discrimination, solidarity ...
Report from Jonas Schytz Juul, Economic Council of the Labour Movement (ECLM) | September 2011 |How the level of inequality affects growth and wealth is a subject of frequent discussion. A widespread point of view is that a high level of inequality is an advantage for the growth in society ...
FEPS used the unique occasion of the 100th anniversary of the International Women’s Day, which was on 8th March 2011, and its before-and aftermath period to maintain and reinforce the gender agenda at European level by offering a platform for debate of different actors concerned at European level...
With the announcement of the intention of Russian Prime Minister Vladimir Putin to return to the office of President, there has been much speculation in the media about the direction which Russian politics will take. This study by attempts to assess how the Russian party system ...
This article was published also in Italian on the website of Italianieuropei. It was written before the publication of the opinion of the Venice Commission, the advisory body of the Council of Europe on constitutional matters ...
With ANC Youth League president Malema calling for the expropriation of land without compensation, land reform has come into focus once again. This reflects Robert Mugabe's actions in Zimbabwe when he confiscated land owned by whites in 2000 to offset his loss of the support of his people.
This paper, by Matthias Thiemann, deals with the off-balance sheet exposures of banks, which as the recent crisis has shown have grown remarkably over the course of the last 30 years. It first explains the linkages of the banking system to the shadow banking system.
The achievements of social democracy during the 20th century are pretty impressive. The social market economy, the breaking down of previously rigid social barriers, the near-attainment of gender equality, the liberalisation of society, the fight against racism and xenophobia, ...
Although pressure from EU institutions could be crucial, it became evident in some recent cases that there is a vast gray area concerning fundamental rights in the EU. In these cases, the risk of human rights violation exists, still, the European Commission ...
In assessing the impact of the implementation of the Basel III agreement on the economic process, one must critically wonder which problem this accord should aim to tackle. Most of the analyses of the preceding accord emphasised the procyclical character of the agreement.
This paper by Arnold Wehmhoerner looks at the development of South African foreign policy since the end of apartheid. It deals with the divergent approaches taken by Mandela, Mbeki and Zuma and the changing circumstances in which the country finds itself as an economic powerhouse, ...
The EU recommends that 24 out of the 27 EU countries should tighten fiscal policy. Some countries have tightened fiscal policies already in 2010 and some have decided on more ambitious consolidation plans than recommended by the Commission.
On March 2011, in the context of the the new hungarian media law, FEPS Jurists network in cooperation with EUSONET, made a Legal analysis of article 10 of the European Convention on Human Rights (ECHR) and article 11 of the Charter of Fundamental Rights of the European Union.
The overthrow of Mubarak in Egypt, the events in Tunisia and the fighting in Libya sparked intensive discussions in the rest of Africa, especially in countries which have been under the control of dictators for a long time, such as Zimbabwe. But the police there detained 46 people including ...
In this short paper, FEPS Correspondent in New Delhi, Klaus Voll, examines the recent visit to India by Chinese Premier Wen Jiabao. Drawing on commentary from experts across various fields of Indian public life, this paper deals with economic relations, security concerns border issues and the...
Barack Obama’s visit to India from 6-9 November 2010 has, overall, been positive, irrespective of an earlier skepticism in the media. The expansion of economic relations had been a priority. Politically, Obama surprised commentators with his statement, that his government would welcome India’s...
This short study looks at the current state of play in Zimbabwe, a country gripped by political instability and economic catastrophe. The paper discusses measures taken (or not taken) thus far and looks at potential areas of improvement. Arnold Wehmhoerner's analysis looks at the causes of...
Here you will find the concise FEPS report from the round table event in which experts from politics, think tanks and academia discussed the potential for developing a progressive conception of EU foreign policy and security strategy, drawing on arguments ranging from development to migration to...
The forum is a joint initiative of the Indian Council of World Affairs (ICWA), the Indian Ministry of External Affairs and the European Union Institute for Security Studies (EUISS). It was held in Brussels on 11-12 October 2010 in collaboration with the European Commission and with additional...
The 21st century will either be a century of sustainability or one of exclusion, violence and conflict of distribution. We will either succeed in strengthening economic innovation by combining it with social justice and environmental sustainability.
Important global, regional and bi-lateral issues require consultation with India, an emerging global player and a regional power in Asia. Catherine Ashton, EU High Representative for Foreign Affairs and Security Policy, met India’s top political leadership during her recent four-day visit to...
Our society has changed is an introductory sentence to most of the groundbreaking, ideological debates. Surely, it steadily evolves. The generations are being replaced by the “future” ones, which while growing older take not only their place within an adult world, but also gain influence and...
Prior to the conference a number of the expert participants were asked to make written contributions. The objective of these contributions was to provide speakers with an adequate intellectual platform from which the debate could proceed. Here is a selection of the contributions received.
As a precursor to a five-day visit from European Parliament Delegation to India for the EU-India Interparliamentary meeting, the National Maritime Foundation and the Foundation for European Progressive Studies initiated a substantive debate on an issue of equally great concern to the European...
Granting the 2010 FIFA World Cup to South Africa brought with it promises of increased employment and investment, tourism opportunities and social benefits for South Africans. It was heralded as a symbolic triumph for the sport in Africa which would help to overcome the oft negative images of...
In 2009, FEPS greatly increased its engagement with South Asia and more particularly India. At the end of November, this culminated in a conference held in Paris in collaboration with the Jean Jaurès Foundation. This conference drew on perspectives that are of great interest to policy formation...
On 27th and 28th November 2009 Namibia voted for the 5th time after independence for a national parliament and its state president. One week later the Electoral Commission declared that SWAPO, Namibia’s liberation movement, won the elections overwhelmingly. The following report addresses the...
After the failure of the unification project promoted by San Martín and Bolívar, voices began to rise in different parts of Latin America insisting on the need to create a great, single, free and united Fatherland. A region of huge potential with resources of all kinds, Latin America remained...
The intention of this comment from Elisabeth Guigou, former French Minister of Justice, paper is to draft proposals in order to design a bold and progressive strategy for the creation of a Europe built on rights, citizenship and justice.
The study, covers the entire education chain from pre-school to R&D, including life-long learning and vocational training. The authors have visited 12 countries and organised 8 seminars in European cities,and have met numerous scholars, politicians and representatives from NGOs and business.
How does one prevent domestic crisis-management from damaging European integration? How do we assess the added value of EU integration and take advantage of it in anti-crisis policy? Can the crisis favour new advances in European Union building? These are questions tackled in this study.
The European economy is now in the middle of the worst crisis in the history of the European Union. At worst unemployment will continue to rise and will reach 10½ percent in 2011. At best, with a GDP growth rate above 2 percent in 2011, the unemployment curve will break, but this will break off...
The importance of a growing income inequality for the explanation of the global economic crisis is increasingly emphasised by internationally renowned economists. At the same time the growing economic disparity is interpreted as the result of a shift in the political power structure
The issue of occupational gender equality is a recurrent one. Despite considerable advances over the last 40 years further progress continues to meet with strong resistance which very often renders existing, conventional legislation powerless. Yet i's one of the components of gender equality.
This paper provides a preliminary comparative analysis of the current reform discussion that is taking place in the United States and the European Union. Reforms proposed in the UK are also discussed because the UK is an important financial centre.
Designing a comprehensive and efficient regulatory scheme for hedge funds, private equity and other alternative investment vehicles has become an urgent necessity. This position paper makes detailed proposals regarding what should be done.
A series of 4 studies by our FEPS consultant in India about "the Hillary Clinton's visit to India", "The new cabinet and its policy direction looked as an opportunity for Europe", "the India's elections: a clear mandate for governance" & "The party spectrum and challenges on the eve of the elections
Banks fulfil a very fundamental role in modern economies but are inherently fragile exactly as a result of performing these core functions of maturity transformation, credit creation and credit allocation. T
Have we already reached the botton? The question arises if the pace of contraction of GDP in Europe is really slowing down and no further fiscal stimulus are warranted. Many economic institutes are arguing in this sense. In a short note, we are arguing that firstly it is too early to speak of a...
The results of the 2009 European elections draw a number of reactions and comments, in particular for the social democratic family. These conversations inspired FEPS the following ten observations, to be seen as a contribution to the debate on fostering more European awareness and ownership.
As suggested by Keynes in 1934, there seems to be a gulf separating two fundamental views in economic theory. Some economists think that the economic system is self-adjusting in the long-run, others see the economic system as intrinsically unstable.
The European Finance Ministers' decision of 9th June '09, successively adopted by the European Council, broadly implement the proposals of the De Larosière Committee and the European Commission on European financial supervision, and provided the necessary detail. From 2010 onwards, a new...
Jacob Zuma, 67 was inaugurated as the fourth President of the new South Africa on 9th May 2009. He is divorced, legally married to three wives, has 17 children, was acquitted of rape charges and survived a long legal struggle against corruption charges. With this background, can he be the right...
Malfunctioning in finance is so deep and disorders are so widespread that sweeping reforms are at the order of the day, if financial stability is viewed as a primary public concern.In this paper, the authors argue that macro prudential policy should be the linchpin of relevant reforms.
This year the G's are meeting at a critical moment in history, at least economic and social history. They will confront the gravest economic and social crisis in almost 80 years. To paraphrase Keynes, the destiny of the world is in the hands of the members of the G's. They could act in such a...
"The financial crisis has shown how dysfunctional the current international financial architecture is to manage today's global economy. The need to govern globalisation has never been clearer, but at the same time the institutional arrangements that we have had never been so impotent. The calls...
"The political tectonic plates appear to be shifting. With the failure of unilateralism in US foreign policy, uncertainty over the role of the EU in global affairs, the deadlock of global trade talks, the growing confidence of leading emerging countries in the world economy, and the worst...
It is only 4 years since Tony Blair declared the “Year of Africa” and the willingness to bring Africa back to the world economy. It was the culmination of a process that saw the African continent return to the top of the international agenda after years of relative neglect – a victim of the...
At the eve of the European elections in '09, FEPS intends to assess the situation of women in the European Union. Indeed, the EU has developed advanced legal corpus and action programmes to foster the equality principle between women and men. However, no member State is applying fully this...
"Socialist, labour and social democratic European governments and political parties have the responsibility to make their approach prevail in defining the way out of the crisis, based on a strengthened European Union rather than a weakened EU" said Maria Joao RODRIGUES, Special Advisor to FEPS.
Clearly managing the current crisis and limiting its negative impact on the real economy must be a clear priority in the short term. However, there is at present a window of political opportunity for designing desirable regulatory measures, which will make such crises less likely in the future.
Delivered in French by Jacques-Pierre Gougeon, Professor, member of FEPS Research Group, the study focussed on the role of France and Germany in Europe and the contribution of the French Socialist Party and the German Social Democratic Party to this process. It was discussed in Brussels on 23...