Israeli annexation plan may be watered down or delayed

2020 ◽  
Keyword(s):  
Palestinian Authority ◽  
National Unity ◽  
Content Type ◽  
The Eu ◽  
At Home

Significance Netanyahu's plans are at least partly coordinated with US President Donald Trump’s administration. He faces opposition from the Palestinian Authority (PA), Jordan, the EU and to some degree even from his partners in the newly established national unity government. Impacts Hard-line settler leaders will likely oppose any plan as not going far enough. Netanyahu is likely to discount threats from some EU leaders of possible sanctions against Israel. Crises at home will distract Trump and mean he is unlikely to weigh in heavily to back a unilateral Israeli annexation.

EU presidency will show up Romania’s peripheral status

2019 ◽  
Keyword(s):  
United States ◽  
Decision Making ◽  
The United States ◽  
Content Type ◽  
Political Warfare ◽  
The Eu ◽  
At Home

Significance The presidency will put Romania's isolation in the spotlight. It has no backers in the EU prepared to overlook its escalating retreat from democratic and reform commitments, and there is no sign that the United States is prepared to act as a counterweight. Impacts Romania is ill-prepared for the presidency while political warfare at home will absorb government energies. It is likely that real decision-making will reside in Brussels with Romania having no more than a ceremonial role. Dragnea’s hostility to Brussels makes a tough EU response likely in response to more creeping authoritarianism.

Croatia will remain under pressure until 2020 election

2019 ◽  
Keyword(s):  
Public Sector ◽  
Trade Unions ◽  
Retirement Age ◽  
Content Type ◽  
Public Finances ◽  
The Government ◽  
Council Presidency ◽  
The Eu ◽  
Public Sector Workers ◽  
At Home

Significance The government has capitulated to demands by trade unions to lower the retirement age despite a growing demographic imbalance and public finances under strain. In the process, the government has demonstrated its weakness and unpopularity. Impacts Surrender to the unions will encourage discontented public sector workers to seek pay rises, with teachers threatening strike action. Popular discontent with fiscal cutbacks will pose a risk to plans for Croatia to adopt the euro early next decade. Divisions at home will limit Croatia’s ability to push its political priorities when it assumes the EU Council presidency in January 2020.

Germany after Merkel will become more China-sceptic

2021 ◽  
Keyword(s):  
Significant Influence ◽  
Economic Cooperation ◽  
Content Type ◽  
Christian Democratic Union ◽  
The Eu ◽  
At Home

Significance While Merkel has viewed relations with China primarily in terms of economic cooperation and German interests, there is growing opposition to this approach at home, including from within her Christian Democratic Union (CDU). Germany’s stance on China appears increasingly out of step with how its international allies view Beijing. Impacts A Green victory in September’s elections would further undermine the ratification prospects of the EU-China investment deal. A more China-sceptic parliament after September could accelerate the end of Chinese tech giant Huawei’s operations in Germany. Germany policy on China after Merkel will have a significant influence on how the EU deals with China.

Erdogan’s ambitions will strain EU ties further

2020 ◽  
Keyword(s):  
Foreign Trade ◽  
Eu Accession ◽  
The West ◽  
Content Type ◽  
Northern Iraq ◽  
Defence Industry ◽  
Industry Collaboration ◽  
Accession Process ◽  
The Eu ◽  
At Home

Significance Rising tensions over the conflict in Libya have produced a severe crisis in French-Turkish ties and threaten to exacerbate strains in Ankara’s relations with the EU. By placing two NATO members at loggerheads, they also risks damaging the alliance's cohesiveness and it ability to plan and implement future operations. Impacts Tensions over Libya and maritime borders will further sour Turkish-EU ties and complicate attempts to reinvigorate the 2016 refugee deal. Such differences will ensure that Turkey’s EU accession process in effect remains moribund. Turkey will react furiously to additional sanctions but its scope to retaliate is limited by the EU’s importance to its foreign trade. Further tensions with Russia will derail Erdogan’s hopes of defence industry collaboration to counterbalance cooperation with the West. Distance and deployments in Syria, northern Iraq and at home limit Ankara’s ability to send large forces to Libya if conflict escalates.

Turkey-US relationship will become more transactional

2016 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Content Type ◽  
Bilateral Relationship ◽  
Relationship Of ◽  
The Eu ◽  
At Home

Significance The Turkish government's crackdown on internal dissent, and its opposition to Kurdish groups at home and abroad have placed its NATO ally, the United States, in an awkward diplomatic position. Impacts Diminished military-to-military ties will rob the bilateral relationship of a strengthening influence. The United States will seek to mitigate the chances of a Russia-Turkey clash to avoid further regional complications. Washington will view Ankara's extraction of migration-related concessions from the EU unfavourably.

Challenges, Concerns, and Perspectives for Poland's Energy Transition during Global COVID-19 Pandemic

2020 ◽  
Vol 1 (2) ◽  
pp. 169-173
Author(s):  
Andrzej Lorkowski ◽  
Robert Jeszke
Keyword(s):  
Internal Energy ◽  
Energy Transition ◽  
Energy Transformation ◽  
Modern Times ◽  
Current Discussion ◽  
The Face ◽  
National Governments ◽  
The Eu ◽  
At Home

The whole world is currently struggling with one of the most disastrous pandemics to hit in modern times – Covid-19. Individual national governments, the WHO and worldwide media organisations are appealing for humanity to universally stay at home, to limit contact and to stay safe in the ongoing fight against this unseen threat. Economists are concerned about the devastating effect this will have on the markets and possible outcomes. One of the countries suffering from potential destruction of this situation is Poland. In this article we will explain how difficult internal energy transformation is, considering the long-term crisis associated with the extraction and usage of coal, the European Green Deal and current discussion on increasing the EU 2030 climate ambitions. In the face of an ongoing pandemic, the situation becomes even more challenging with each passing day.

The Development of Slovenia in the European Union: Social Aspects

2017 ◽  
pp. 102-108
Author(s):  
Iryna Butyrska
Keyword(s):  
Negative Impact ◽  
The State ◽  
Political Regime ◽  
The European Union ◽  
National Unity ◽  
Social Sphere ◽  
Regime Stability ◽  
Number Of Factors ◽  
The Common ◽  
The Eu

The author proves that the successful stability of independent Slovenia contributed to a number of factors, existing since its being incorporated in the SFRY. The factor, uniting the state has become the common goal – the aspiration to join the EU. The process of the European integration contributed to the modernization of a number of spheres, in particular social, cultural and economic ones. The global financial and economic crisis has revealed the turmoil in the economy of the state and its leadership was forced to gradually reduce a significant part of social privileges for the population. This caused the tension in the society and reduced the level of the national unity, having a negative impact on people’s wellbeing. However, since 2014, the Prime Minister M. Cherar has been trying to restore people’s trust in the state. The situation is getting better; indicators of trust in government are increasing, which also points to state capacity and political regime stability in Slovenia. Keywords: Slovenia, state stability, social sphere, government

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.

Home country underdevelopment and internationalization

2017 ◽  
Vol 27 (3) ◽  
pp. 217-230 ◽  
Author(s):  
Alvaro Cuervo-Cazurra ◽  
Ravi Ramamurti
Keyword(s):  
Emerging Markets ◽  
Comparative Advantage ◽  
Home Country ◽  
Emerging Market ◽  
Content Type ◽  
Emerging Market Multinationals ◽  
Economic Underdevelopment ◽  
Conceptual Paper ◽  
Practical Implications ◽  
At Home

Purpose The purpose of this study is to use the rise of emerging-market multinationals as a vehicle to explore how a firm’s country of origin influences its internationalization. Design/methodology/approach This paper is a conceptual paper. Findings We argue that the home country’s institutional and economic underdevelopment can influence the internationalization of firms in two ways. First, emerging-market firms may leverage innovations made at home to cope with underdeveloped institutions or economic backwardness to gain a competitive advantage abroad, especially in other emerging markets; We call this innovation-based internationalization. Second, they may expand into countries that are more developed or have better institutions to escape weaknesses on these fronts at home; we call this escape-based internationalization. Research limitations/implications Comparative disadvantages influence the internationalization of the firm differently from comparative advantage, as it forces the firm to actively upgrade its firm-specific advantage and internationalize. Practical implications We explain two drivers of internationalization that managers operating in emerging markets can consider when facing disadvantages in their home countries and follow several strategies, namely, trickle-up innovation, self-reliant innovation, improvisation management, self-reliance management, technological escape, marketing escape, institutional escape and discriminatory escape. Originality/value We explain how a firm’s home country’s comparative disadvantage, not just its comparative advantage, can spur firms its internationalization.

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