Kosovo's governing coalition may not survive exodus

2015 ◽  
Keyword(s):  
Ordinary People ◽  
Political Pressure ◽  
Weak Point ◽  
Content Type ◽  
Illegal Migrants ◽  
The Eu

Subject The mass exodus from Kosovo to the EU. Significance People started leaving in September last year and numbers have steadily mounted: 23,000 were recorded in the first six weeks of 2015, but the total may be as high as 100,000, from a country of 2 million. Most Kosovars cannot get visas to the EU, so instead enter illegally through a weak point in the Serbian/Hungarian border, before claiming asylum. Their arrival in thousands has provoked a popular backlash in Hungary and a harsh reaction from the governments in Germany and Austria, which are the ultimate destinations for most of the migrants. Impacts Inflows of illegal migrants from Kosovo will fuel anti-immigrant sentiment in Germany, Austria and Hungary. Pristina will come under political pressure to control its borders and ameliorate conditions of life for ordinary people. The EU will be forced to rethink its strategy towards Kosovo.

Brexit will bring Gibraltar closer to the EU

2021 ◽  
Keyword(s):  
State Aid ◽  
Unfair Competition ◽  
Growth Opportunities ◽  
Content Type ◽  
Illegal Migrants ◽  
Future Growth ◽  
The Eu

Significance The bilateral deal avoids a hard border by including Gibraltar in the Schengen free travel system. This also obliges Gibraltar to align more closely with EU rules in areas such as finance, labour and the environment. Impacts The removal of the land border between Spain and Gibraltar could make Spain more exposed to illegal migrants. UK state aid to Gibraltar that is perceived as fueling unfair competition could become an issue of tension between Brussels and London. Amid UK-EU tension, Gibraltar’s e-gaming services (25% of GDP) will look to Asia for future growth opportunities.

Next EU summit may alter some of Turkish migrant deal

2016 ◽  
Keyword(s):  
European Council ◽  
Refugee Crisis ◽  
Political Pressure ◽  
Content Type ◽  
Inconclusive Result ◽  
Turkish Migrant ◽  
The Eu

Significance Leaders have tried to put a positive spin on the inconclusive result, insisting they outlined the main principles of a deal and would work out details over the next ten days before convening again at the scheduled March 17-18 European Council summit to conclude an agreement. Impacts EU leaders are desperate to find a common approach to the refugee crisis before it leads to complete unravelling of the Schengen area. Such leaders as Germany's Merkel face huge political pressure to reduce the refugee influx which is fuelling support for extremist parties. If the plan works, it may lift the severe pressure on Greece by reducing the inflow of migrants and allowing relocation in the EU.

Future of business in UK territories is uncertain

2019 ◽  
Keyword(s):  
Money Laundering ◽  
Tax Evasion ◽  
Political Pressure ◽  
Content Type ◽  
Uk Government ◽  
Financial Transparency ◽  
Overseas Territories ◽  
The Uk ◽  
The Eu

Subject UK financial transparency. Significance The UK government has withdrawn a bill that would have required the crown dependencies to enhance company ownership transparency. Its part of an apparent reluctance of the current government, despite domestic political pressure, to force the authorities in UK crown dependencies and overseas territories (OTs) to enhance their financial transparency policies following evidence of money laundering and tax evasion. Impacts Trade and services in the crown dependencies will not be directly affected by Brexit. Crown dependencies risk EU sanctions if they do not strengthen their financial transparency regulations. London may compromise the interests of the UK territories in order to gain concessions from the EU in phase two of the Brexit negotiations.

Corporate social responsibility and earnings management in the EU: a panel data analysis approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Panagiotis E. Dimitropoulos
Keyword(s):  
Corporate Social Responsibility ◽  
Panel Data ◽  
Social Responsibility ◽  
Earnings Management ◽  
Financial Reporting ◽  
Negative Association ◽  
Content Type ◽  
Corporate Social ◽  
The Eu

Purpose Over the past decades, corporate social responsibility (CSR) has been considered as a significant corporate strategy and also has been documented as a main information dissemination mechanism of corporations to shareholders, creditors and other external stakeholders. This fact makes the CSR activities and CSR performance interconnected with the quality of firms’ financial reporting. The purpose of this paper is to study the impact of CSR performance on the earnings management (EM) behaviour using a sample from 24 European Union (EU) countries summing up to 121,154 firm-year observations over the period 2003–2018. Design/methodology/approach The study uses a multi-country data set with various dimensions of CSR performance including indexes regarding workforce, community relations, product responsibility and human rights protection. The empirical analysis is conducted with panel data regressions. Findings Evidence supports the negative association between CSR and EM indicating that high CSR performing firms are associated with less income smoothing and discretionary accruals, thus with higher financial reporting quality. Practical implications Regulatory agencies in the EU could use the findings of the study for the improvement of the accounting framework via enhancing the use and publications of social and environmental responsibility information and reports. Social implications Also, the current paper could be of interest not only to academic researchers but also to potential and existing investors in European corporations. The negative association between CSR performance and EM could be used by investors in assessing the risk of firms and the quality and reliability of their financial information. Originality/value This is the first study within the EU, which considers the multi-facet characteristics of CSR on the quality of accounting earnings and offers useful policy implications for regulators and investors.

scholarly journals Unemployment and spell duration during the Great Recession in the EU

2015 ◽  
Vol 36 (2) ◽  
pp. 216-235 ◽  
Author(s):  
Carlos Gradín ◽  
Olga Cantó ◽  
Coral del Río
Keyword(s):  
Great Recession ◽  
Negative Impact ◽  
Labour Force ◽  
Future Research ◽  
Cross Sectional ◽  
Content Type ◽  
The Great Recession ◽  
Unemployment Spells ◽  
Practical Implications ◽  
The Eu

Purpose – The purpose of this paper is to analyze the different dynamic characteristics of unemployment in a selected group of European Union countries during the current Great Recession, which had unequal consequences on employment depending on the country considered. Design/methodology/approach – The paper follows Shorrocks’s proposal of a duration-sensitive measure of unemployment, and uses cross-sectional data reported by Eurostat coming from European Labour Force Surveys. Findings – The results add some evidence on the relevance of incorporating spells’ duration in measuring unemployment, finding remarkable differences in unemployment patterns in time among European countries. Research limitations/implications – In this paper unemployment is analyzed for all the labor force. Future research should investigate patterns across specific groups such as young people, women, immigrants or the low skilled. Practical implications – It is generally accepted that the negative impact of unemployment on individual welfare can be very different depending on its duration. However, conventional statistics on unemployment do not adequately capture to what extent the recession is not only increasing the incidence of unemployment but also its severity in terms of duration in time of ongoing unemployment spells. The paper shows an easy and practical way to do it in order to improve the understanding of the unemployment phenomenon, using information usually reported by statistical offices. Originality/value – First, the paper provides a tool for dynamic analysis of unemployment based on reported cross-sectional data. Second, the paper demonstrates the empirical relevance of considering spells’ duration when assessing differences in unemployment across countries or in unemployment trends. This is usually neglected or only partially addressed by most conventional measures of unemployment.

Inter‐ethnic and labour‐community coalitions in class struggle in Taiwan since the advent of temporary immigration

2008 ◽  
Vol 21 (4) ◽  
pp. 482-496 ◽  
Author(s):  
Robert Tierney
Keyword(s):  
Support Groups ◽  
Migrant Workers ◽  
Academic Research ◽  
Class Struggle ◽  
Community Coalitions ◽  
Content Type ◽  
Labour Unions ◽  
Illegal Migrants ◽  
Temporary Migrant ◽  
Temporary Migrants

PurposeThis paper aims to analyse the class dimensions of racism in Taiwan against temporary migrant workers and migrants' efforts to build inter‐ethnic and labour‐community coalitions in struggle against racism.Design/methodology/approachAn important source of data for this study were the unstructured interview. Between September 2000 and December 2005, more than 50 temporary migrants and their support groups in Taiwan were interviewed, specifically about migrants' experiences of racism and their resistance strategies. These interviews were conducted face‐to‐face, sometimes with the assistance of translators. Between 2001 and 2007, some 70 people were interviewed by telephone, between Australia and Taiwan.FindingsIn Taiwan, temporary migrants suffer the racism of exploitation in that capital and the state “racially” categorize them as suitable only for the lowest paid and least appealing jobs. Migrants also suffer neglect by and exclusion from the labour unions. However, migrants have succeeded, on occasions, in class mobilization by building powerful inter‐ethnic ties as well as coalitions with some labor unions, local organizations and human rights lobbies.Research limitations/implicationsThe research raises implications for understanding the economic, social and political conditions which influence the emergence of inter‐ethnic bonds and labour‐community coalitions in class struggle.Practical implicationsThe research will contribute to a greater appreciation among Taiwan's labour activists of the real subordination of temporary migrant labour to capital and of the benefits of supporting migrants' mobilization efforts. These benefits can flow not only to migrants but also to the labour unions.Originality/valueA significant body of academic literature has recently emerged on temporary and illegal migrants' efforts to engage the union movements of industrialized host countries. There is a dearth, however, of academic research on the capacity of temporary migrants to invigorate union activism in Asia, including Taiwan.

Washington will rethink its foreign chip strategy

2021 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
The United States ◽  
Export Controls ◽  
Political Pressure ◽  
Technical Standards ◽  
Content Type ◽  
The Us ◽  
Technology Competition ◽  
Business In China

Significance Follow-on action from Washington and responses from foreign actors will shape the US government’s adversarial policy towards China in semiconductors and other strategic technologies. Impacts The Biden administration will likely conclude that broad-based diversion of the semiconductor supply chain away from China is not feasible. The United States will rely on export controls and political pressure to prevent diffusion to China of cutting-edge chip technologies. The United States will focus on persuading foreign semiconductor leaders to help develop US capabilities, thereby staying ahead of China. Washington will focus on less direct approaches to strategic technology competition with China, notably technical standards-setting. Industry leaders in the semiconductor supply chain worldwide will continue expanding business in China in less politically sensitive areas.

The international strength of the euro will grow

2021 ◽  
Keyword(s):  
Euro Area ◽  
Financial Services ◽  
Raw Materials ◽  
Domestic Demand ◽  
Content Type ◽  
The Us ◽  
Us Dollar ◽  
Strategic Autonomy ◽  
Geopolitical Risks ◽  
The Eu

Significance The proposals identified areas where the euro could potentially become more dominant, such as the issuance of green bonds, digital currencies, and international trade in raw materials and energy. Ambitions to enhance the international leverage of the euro are being driven by the aim to strengthen EU strategic autonomy amid rising geopolitical risks. Impacts Developing its digital finance sector would be an opportunity for the EU to enhance its strategic autonomy in financial services. Challenging the US dollar would require the euro-area to rebalance its economy away from foreign to domestic demand. Member state division will prevent the economic reconfiguration the euro-area needed to make the euro a truly global currency.

Germany’s coalition faces division on several fronts

2021 ◽  
Keyword(s):  
Decision Making ◽  
Foreign Policy ◽  
Policy Decision ◽  
Public Image ◽  
Economic Recovery ◽  
Content Type ◽  
Strong Emphasis ◽  
Investment Agreement ◽  
Policy Decision Making ◽  
The Eu

Significance The three parties successfully negotiated a coalition agreement with a strong emphasis on modernising Germany’s economy. Throughout the negotiations, the parties presented a public image of stability and harmony, yet several divisive issues will test the new government's stability and effectiveness. Impacts The composition of the new government will make it harder for Berlin to win approval for the EU-China Comprehensive Investment Agreement. Chancellor Olaf Scholz will seek to prioritise more unity at the EU level when it comes to foreign policy decision-making. The spread of the Omicron variant will slow economic recovery and potentially delay the transition to a greener economy.

Gap between France’s Macron and Le Pen is narrowing

2021 ◽  
Keyword(s):  
Public Support ◽  
Fiscal Rules ◽  
Terrorist Attacks ◽  
Law And Order ◽  
Content Type ◽  
Investment Agreement ◽  
State Investment ◽  
The Eu

Significance Nevertheless, Le Pen remains the most serious threat to President Emmanuel Macron's hopes for re-election in 2022. She stands above him in some national polls, reflecting her success in broadening RN’s appeal, widespread anti-establishment sentiment and Macron’s unpopularity and mixed record on COVID-19. Impacts To revive the economy, Macron will likely campaign for reform of EU fiscal rules to enable greater levels of state investment. Further terrorist attacks or assaults on police would increase the salience of immigration and law and order ahead of the 2022 election. Ahead of the election, Macron will be reluctant to show public support for the EU-China investment agreement.

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