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En junio de 2023, la Comisión Europea publicó una propuesta de Reglamento por el que se crea la nueva Plataforma de Tecnologías Estratégicas para Europa (STEP). Tras tres rondas de reuniones tripartitas, el Parlamento y el Consejo alcanzaron un acuerdo provisional sobre el texto el 7 de febrero de 2024, y ahora deben adoptarlo formalmente. El Parlamento tiene previsto someter el texto a votación durante el período parcial de sesiones de febrero II.

In August 1988, the European Community established diplomatic relations with the Soviet Union, ending the 30-year-long policy of mutual non-recognition, ignorance, and hostility. This step secured the unconditional recognition by the USSR of the reality of the European Community, including the application of Community law to West Berlin. The reforms initiated by Mikhail Gorbachev since 1985 made this normalisation possible. Equally important was the rise of the Community as an independent international ...

In 2022, the European Union–Association of Southeast Asian Nations (ASEAN) dialogue partnership celebrated its 45th anniversary. The same year saw the 55th anniversary of the founding of ASEAN. The ASEAN region currently collectively amounts to the world's fifth largest economy, a dynamic economic area home to more than 680 million consumers. To secure better access to opportunities in the region's market, the European Union (EU) started negotiations with ASEAN for a region-to-region free trade agreement ...

This report examines the role of Foreign Direct Investment (FDI) in tax havens. About 40-45% of the global FDI stock is hosted in tax havens, while their share in the world economy is only around 4½%. These abnormal FDI patterns suggest that FDI and international corporate tax avoidance are closely related. Traditional tax havens are attractive because of zero tax rates and uncooperative behaviour. For European tax havens it is rather a mix of policies related to improving the investment climate ...

This study looks at potential windfall profits for the four banking acquisitions in 2023. Based on accounting figures, an FT article states that a total of USD 44bn was left on the table. We see accounting figures as a misleading analysis. By estimating marked-based cumulative abnormal returns (CAR), we find positive abnormal returns in all four cases which when made quantifiable, are around half of the FT’s accounting figures. Furthermore, we argue that transparent auctions with enough bidders ...

The euro area and the United States have both experienced an episode of strong inflation post COVID-19 pandemic and after the Russian invasion of Ukraine. We highlight commonalities as well as differences in these episodes, in terms of headline and core inflation, inflation differentials and causes, and monetary policy between the euro area and the United States. We propose different scenarios for inflation and monetary policy. This document was provided by the Economic Governance and EMU Scrutiny ...

Inflation has surged and then declined in broadly similar ways in the euro area and the United States, because it has been driven by the impact of the pandemic and its aftermath. Yet, specific differences reflect how monetary and fiscal policies responded as well as the impact of the Russian invasion of Ukraine. The central banks face whole new challenges as they prepare to navigate the next phase now that inflation has rapidly declined, but also further along. This document was provided by the ...

Comparing Fed and ECB monetary policies

Análisis en profundidad 15-11-2023

The European Central Bank and Federal Reserve have taken similar approaches to tightening monetary policy to tackle high inflation. However, relative to the US, euro area inflation has been driven more by supply shocks and less by strong demand. The euro area economy is also weakening while the US economy is still growing solidly. Markets expect the Fed to ease more than the ECB in 2024 but falling inflation and a weak euro area economy may see the opposite occur. This document was provided by ...

Under the stress test of the inflation process, the two central banks' stances across the Atlantic share similarities but show also significant differences. Similarities and differences are reflected also in inflation dynamics in the US and the euro area. Differences are mainly due to the mix of factors that originated the take-off of inflation, some structural features of the economies, the institutional contexts and associated fiscal stances. This document was provided by the Economic Governance ...

This study – commissioned by the Policy Department C at the request of the Committee on Legal Affairs – aims at discussing the reasons why the law chosen in commercial contracts is largely non-European and non-member state law. To do so, it first provides an overview of the relevant academic and policy efforts underwent to formulate a European contract law. Then it moves on to touch upon a broad spectrum of matters emerging both from international reports on the adjudication and the functioning of ...