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Marcin Szczepanski

This tag is associated with 39 posts

EPRS Event: Economic and Budgetary Outlook for the European Union 2018

On 30 January 2018, following the publication of our study on the Economic and Budgetary Outlook for the European Union 2018, the EPRS organised a policy roundtable in the Library of the European Parliament. This second edition of the annual study presents an overview of the main economic indicators in the EU and euro area and their two-year trends. Continue reading

Mutual recognition of goods [EU Legislation in Progress]

Despite significant progress in recent decades, the EU single market for goods is not yet fully integrated. Intra-EU trade is important as it remains twice as big as extra-EU trade and is consistently rising. Continue reading

Economic and Budgetary Outlook for the European Union 2018

In 2017, the EU and euro-area economies continued their moderate growth (slightly over 2 %) in a context of global improvement (3.5 %) underpinned by a strong rebound in world trade, continuing growth in China and a return to growth in countries such as Brazil and Russia. Continue reading

The new European electronic communications code [EU Legislation in Progress]

On 14 September 2016, the Commission proposed a new European electronic communications code which would overhaul the existing legislative framework for telecommunications. Continue reading

A renewed industrial policy strategy [Policy Podcast]

EU industry seems to be on a solid path to recovery from the crisis, with growth in both employment and value added. Industry creates jobs across the economy and is responsible for the bulk of investment in private research and development. Continue reading

Understanding the European Atomic Energy Community (Euratom)

Written by Marcin Szczepański, Euratom was created in 1957 to further European integration and tackle energy shortages through the peaceful use of nuclear power. It has the same members as the European Union and is governed by the Commission and Council, operating under the jurisdiction of the European Court of Justice. Euratom regulates the European … Continue reading

Reform of services notification procedure [EU Legislation in Progress]

Written by Marcin Szczepański, The 2006 Services Directive requires Member States to notify the European Commission of changes to national rules on services, providing the EU executive and other Member States with the opportunity to examine potential incompatibility with EU legislation early in the process. Based on its own assessments and public consultation, the Commission … Continue reading

Money Market Funds: Measures to improve stability and liquidity [EU Legislation in Progress]

Written by Marcin Szczepański (3rd edition), Money Market Funds (MMFs) are a type of collective fund that invest in short-term debt and provide financing for financial institutions, corporations and governments. During the financial crisis their liquidity and stability were challenged, which prompted the Commission to propose a regulation on MMFs, in 2013. Its proposal aimed … Continue reading

New radio frequencies for mobile internet services [EU Legislation in Progress]

Written by Marcin Szczepański (4th edition), While radio spectrum management is predominantly a national competence, EU policy plays an increasingly important role in its coordination and harmonisation. The EU actively seeks ways to harmonise use of the different bands of the spectrum to meet the ever-growing demand for wireless mobile broadband. Nevertheless, spectrum allocation in … Continue reading

Understanding equivalence and single passport in financial services: Third country access to the single market [Policy Podcast]

Written by Marcin Szczepański, Alongside closer integration of the single market in financial services on the one hand and the more general globalisation of the sector on the other, the issue of access for third-country institutions has become increasingly important – not least recently in relation to the question of access to the continent for … Continue reading

Understanding the Single Market for services [Policy Podcast]

Services account for 70% of European Union (EU) GDP and for a similar share of jobs, but only 20% of services, representing 5% of EU GDP, are provided across borders. Intra-EU trade in services has been less affected by the crisis than trade in goods, however, and experts agree that further integration of the market will bring about significant economic gains Continue reading

Barriers to SME growth in Europe

Written by Marcin Szczepański, Small and medium-sized enterprises (SMEs), which represent 99% of all businesses in the EU, play a pivotal role in its economy. Nevertheless, in comparison to larger firms, they often face significant obstacles – internal, administrative and financial – which affect them disproportionately. SMEs have been affected negatively by the economic crisis, … Continue reading

The G20 summit in Antalya: Seeking global growth through collective action

Written by Marcin Szczepański The Group of Twenty (G20) was established in 1999 after a series of crises in emerging economies, as a forum of finance ministers and central bank governors. It comprises ‘systemically important’ developed and emerging economies (including the European Union) and its purpose is to improve coordination of global economic policies. Since … Continue reading

Economic impact on the EU of sanctions over Ukraine conflict

Written by Marcin Szczepański Russia is the European Union’s third biggest trading partner. In 2014, trade volume between the European Union (EU) and Russia decreased, mainly due to the impact of the recession on the Russian economy, as well as the conflict in Ukraine which led to EU sanctions and Russian countermeasures. Beginning in early … Continue reading

A Digital Single Market Strategy for Europe

Written by Marcin Szczepański The European Commission has proposed a new strategy to create a fully integrated Digital Single Market (DSM), in order to gradually bring down the remaining obstacles and move from 28 national markets to a single one. The strategy comprises a mix of legislative and non-legislative initiatives to be tabled by the … Continue reading

A connected Digital Single Market – State of play and the way forward

Written by Marcin Szczepański Information and communication technologies and the digital economy have the potential to improve Europe’s productivity and create growth and jobs. The EU has been making efforts to help create a more integrated European digital economy since the mid-1990s. In 2010, the Commission added new momentum to the process, and with the … Continue reading

The Group of Twenty (G20)

Written by Etienne Bassot and Marcin Szczepański The Group of Twenty (G20) is an informal forum for international cooperation, and consists of 19 major economies plus the European Union. It gained in prominence in 2008 – when regular summits at the level of leaders commenced – taking on the role of ‘global crisis management committee’. … Continue reading

Reforming the structure of the EU banking sector

Written by Marcin Szczepanski The financial and economic crisis has been marked by the ‘Too big to fail’ problem – a number of financial institutions of a size large enough to pose a systemic problem to the economy required public support to continue operations. According to economic research this has led to implicit subsidies and a distortion of … Continue reading

Implementation of the 2014 European Semester

6 language versions available in PDF formatDurchführung des Europäischen Semesters 2014 Ejecución del Semestre Europeo 2014 Mise en œuvre du semestre européen 2014 Attuazione del semestre europeo 2014 Wdrożenie europejskiego semestru w 2014 r. Implementation of the 2014 European Semester Written by Marcin Szczepanski Member States’ economic policies are coordinated at EU level through the … Continue reading

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