scholarly journals COVID-19 Crisis - A Test for European Union’s Solidarity

2020 ◽  
Vol 15 (3) ◽  
pp. 105-113
Author(s):  
Popa Cristina Elena
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Debt Crisis ◽  
The European Union ◽  
Migration Crisis ◽  
Socioeconomic Consequences ◽  
The Impact ◽  
Over Time ◽  
The Eu

Abstract The crises the European Union has gone through over time have called into question the Union’s legitimacy and efficiency. The 2008-2009 financial crisis, the European debt crisis, the migration crisis and Brexit, have all tested the solidarity between member states. The COVID-19 pandemic is without a doubt the most drastic crisis in the EU’s history, with very severe socioeconomic consequences. The EU leaders were strongly criticized for not reacting quickly and efficiently enough to mitigate the impact of the virus, reduce suffering, and ward off the economic crisis. In this context, the questions that arise are: Is the Union a modern-day Titanic? Will it sink or it will sustain its legitimacy and come out stronger and more united from this unprecedented challenge?

Neoliberals against Europe

2019 ◽  
pp. 89-111 ◽  
Author(s):  
Quinn Slobodian ◽  
Dieter Plehwe
Keyword(s):  
European Union ◽  
Debt Crisis ◽  
European Politics ◽  
Right Wing ◽  
The European Union ◽  
Far Right ◽  
Explanatory Framework ◽  
European Debt Crisis ◽  
Over Time ◽  
The Eu

Since the advent of the European debt crisis in 2009, it has become common to hear descriptions of the European Union as a neoliberal machine hardwired to enforce austerity and to block projects of redistribution or solidarity. Yet by adopting an explanatory framework associating neoliberalism with supranational organizations like the EU, NAFTA, and the WTO against the so-called populism of its right-wing opponents, many observers have painted themselves into a corner. The problems with a straightforward compound of “neoliberal Europe” became starkly evident with the success of the “leave” vote in the Brexit referendum in 2016. If the EU was neoliberal, were those who called to abandon it the opponents of neoliberalism? If the EU is indeed the “neoliberalism express,” then to disembark was by definition a gesture of refusal against neoliberalism. To make sense of the resurgent phenomenon of the far right in European politics, then, our chapter tracks such continuities over time and avoids misleading dichotomies that pit neoliberal globalism—and neoliberal Europeanism—against an atavistic national populism. The closed-borders libertarianism of nationalist neoliberals like the German AfD is not a rejection of globalism but is a variety of it.

Contemporary Crisis Trends in European Union’s Development and Their Influence on Ukraine – EU Relations

2017 ◽  
pp. 151-160
Author(s):  
Nataliia Popova
Keyword(s):  
European Union ◽  
Negative Impact ◽  
Debt Crisis ◽  
The European Union ◽  
Economic Problems ◽  
External Relations ◽  
Security Challenges ◽  
Migration Crisis ◽  
Crises Management ◽  
The Eu

The European Union is currently facing multiple crises and challenges, the future shape and character of the Union are being increasingly questioned. The processes occurring in the EU have direct impact on its external relations with other countries. The aim of the article is to analyse the contemporary peculiarities and problems of European Union's development and its impact on further relations between Ukraine and the EU. It argues that the crises management has become a new daily reality for Europe since 2009. Further, the article briefly examines the most significant crisis trends in the EU: economic problems, migration crisis, Euroscepticism, security challenges, Brexit. The latter is considered from two perspectives: as the first step to EU's disintegration and as the chance to rethink the European project. Economic problems as Euro crisis, debt crisis, unemployment are discussed and the main measures for their solving are outlined. The origins, scale and consequences of migration crisis for the EU are determined in the article. The next analyzed problem is the rise of Euroscepticism in the EU, the most influential eurosceptic parties in different EU-countries are named. Key security challenges for the EU with the emphasis on the Russian aggression in eastern Ukraine are examined at the end of the article. As the result of analysis it is concluded that the contemporary problems of the EU have mainly negative impact on the development of the Ukraine-EU relations and its future strongly depends on that, how and when the European Union will overcome all effects of recent crises. Keywords: European Union (EU), Ukraine, migration crisis, Euroscepticism, Brexit, Russian-Ukrainian conflict

THE EUROPEAN UNION MIGRATION POLICY IN TERMS OF COVID-19 PANDEMIC

2021 ◽  
pp. 80-92
Author(s):  
Maxim V. Fomenko ◽  
◽  
Anfisa E. Kriuchkova ◽  
Keyword(s):  
European Union ◽  
Migration Policy ◽  
The European Union ◽  
Open Door Policy ◽  
Key Factors ◽  
Eu Countries ◽  
Migration Crisis ◽  
The Impact ◽  
European Migration ◽  
The Eu

The article is devoted to the impact of the epidemiological situation in the countries of the European Union in connection with the coronavirus COVID-19 pandemic on the migration policy of the integration association. Based on the analysis of documents and statistical materials, the author identified the key factors that determine the transformation of European migration policy at the present stage. In addition to that the author put forward the idea of the EU maintaining the course for the implementation of a set of measures taken in this area before the beginning of the pandemic. The article analyzes some of the consequences of the migration crisis of 2015-2016. Some documents adopted in the EU during and after the migration crisis are cited. A critical understanding of the "open door policy" is given. After the outbreak of the COVID-19 pandemic, the EU countries faced a new challenge. The global lockdown put tens of thousands of migrants in a vulnerable position in EU countries awaiting status. Despite the fact that the primary tasks of accommodating and helping migrants at the beginning of the pandemic were solved, it is worth noting that the European Union did not show proper coordination of actions. For example, a comprehensive approach to the formation of a unified migration policy has not yet been developed.

scholarly journals Saved by the Union: Romanians’ Attitudes toward the European Union

2015 ◽  
Vol 17 (3) ◽  
pp. 71
Author(s):  
Ion Chiciudean ◽  
Nicoleta Corbu
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Present Situation ◽  
The European Union ◽  
Economic Prosperity ◽  
Political Performance ◽  
European Institutions ◽  
The Future ◽  
The Eu

<p>In this study we show that, in the aftermath of the economic crisis, Romanians remain among the most enthusiastic citizens of the European Union, in what concerns trust in the European institutions, projections for the future, the image of the EU and general attitudes toward the union. Relying on data provided by eurobarometers since the Romanian integration, we argue that the reasons for this peculiar position of Romanians within the EU is largely due to how people evaluate the economic and political performance of their own country: from evaluations of the economy to trust in national institutions, Romanians are very pessimistic about how their country handles the present situation and about perspectives for the future. In this context, they turn to the European Union as to a Savior, who represents their hope and promise for a better future, for economic prosperity and security. This is the reason why, more than five years after the beginning of the financial crisis, Romanians are still among the most optimistic citizens of Europe.</p>

scholarly journals The Effect of the Financial Crisis on the Taxation of Consumption, Labour, and Capital in the European Union

2013 ◽  
Vol 16 (3) ◽  
pp. 29-47
Author(s):  
Anna Krajewska
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Tax Burden ◽  
The European Union ◽  
Effective Tax Rate ◽  
Current Crisis ◽  
Tax Rate ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

The impact of the current financial crisis on changes in the taxation of consumption, labour, and capital in the European Union. The responses reflected in the tax policies pursued in the EU countries to the current crisis will be analysed in three ways: 1. Distribution of total tax burden by economic function, i.e. assessment of the share of taxes on consumption, labour, and capital in relation to GDP and total tax revenues. Therefore, the analysis will cover backward-looking ta Xburden indicators; 2. Analysis of trends in the implicit tax rate (ITR) on consumption, labour and capital. The ITR is an indicator which expresses the relation of tax burdens levied on different activities to total revenue from this activity. The ITR takes into account the legislation and the resulting tax burden(s) which may affect the behaviour of various entities and their decisions. This approach is described as forward-looking effective tax rate; 3. Trends in the EU countries are compared with the changes taking place in Poland. This includes an explanation of the specificity of the fiscal policy pursued in Poland. 4. For the purpose of this paper we used statistics prepared according to the methodology adopted by the European Commission, published in “Taxation trends in the European Union”, Eurostat 2012.  

Regulation of uncovered sovereign credit default swaps – evidence from the European Union

2015 ◽  
Vol 16 (4) ◽  
pp. 425-443 ◽  
Author(s):  
Florian Kiesel ◽  
Felix Lücke ◽  
Dirk Schiereck
Keyword(s):  
European Union ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Credit Default Swap ◽  
The European Union ◽  
Content Type ◽  
Sovereign Credit ◽  
Credit Default ◽  
The Impact ◽  
The Eu

Purpose – This study aims to analyze the impact and effectiveness of the regulation on the European sovereign Credit Default Swap (CDS) market. The European sovereign debt crisis has drawn considerable attention to the CDS market. CDS have the ability of a speculative instrument to bet against a sovereign default. Therefore, the Regulation (EU) No. 236/2012 was introduced as the worldwide first uncovered CDS regulation. It prohibits buying uncovered sovereign CDS contracts in the European Union (EU). Design/methodology/approach – First, this paper measures spread changes of sovereign CDS of the EU member states around regulation specific event dates to detect whether and when European sovereign CDS reacts to regulation announcements and the enforcement of regulation. Second, it compares the CDS long-term stability of the EU sample with a non-EU sample based on 44 non-EU sovereign CDS entities. Findings – The results indicate widening CDS spreads prior to the regulation, and stable CDS spreads following the introduction of the regulation. In particular, sovereign CDS of European crisis-hit entities are stable since the regulation was introduced. Originality/value – The results show that since the regulation of uncovered CDS in the EU has been enacted, the sovereign CDS market is stable and less volatile. Based on the theory about speculation on uncovered sovereign CDS by betting on the reference entity’s default, the introduction of Regulation (EU) No. 236/2012 appears to be an appropriate measure to stabilize markets and reduce speculation on sovereign defaults.

scholarly journals The impact of the migration crisis for the implementation of the budget of the European Union

2019 ◽  
Vol 7 (3) ◽  
pp. 111-115
Author(s):  
Сергей Пузырев ◽  
Sergey Puzyrev
Keyword(s):  
European Union ◽  
Forced Migration ◽  
The European Union ◽  
Budget Management ◽  
Budget Policy ◽  
Migration Crisis ◽  
The Impact ◽  
European Migration ◽  
The Eu

Since spring 2015, the situation with forced migration in the European Union has become perceived in terms of the crisis, which determined the need to develop a European migration program in 2015 to resolve current, medium-term and long-term tasks in this area. These operational measures determined the need for amendments to the annual budget of the Union for 2015 and laid the foundations for increasing the expenditure budget of the EU in 2016 and 2017. The article presented an analysis of the migration situation and budget management of the European Union from 2015 to 2017. With the objectives of identifying the patterns of development of the EU budget policy in the aspect of the long-term management of the European migration crisis.

The Financial Crisis in the European Union: An Impact Assessment and Response Critique

2011 ◽  
Vol 2 (4) ◽  
pp. 481-490 ◽  
Author(s):  
Jennifer Welch
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Financial Risk ◽  
Significant Risk ◽  
Financial Sector ◽  
Initial Response ◽  
The European Union ◽  
Risk Regulation ◽  
The Impact ◽  
The Eu

This article assesses the impact of the global economic crisis on the European Union and analyzes the recently enacted and future legislative response to repair the EU financial sector. It closely discusses and critiques the main initial response legislation, the European Economic Recovery Plan, finding that the central regulation contained short-term measures, yet managed to remain within the EU's long-term goals. The article also closely examines the significant risk regulation considerations highlighted by the economic crisis, notably those considerations contained in the De Larosiere Report and the Basel III Framework, and discusses the importance of implementing financial risk regulations to stabilize and revitalize the EU financial sector. Ultimately, the article concludes that the EU's recently enacted legislative measures are consistent with, but also must continue in tandem with, the longterm policies of the EU, while including new and crucial financial risk regulatory measures.

Russia - European Union: The continuation ofthe sanctions standoff

2017 ◽  
pp. 114-127
Author(s):  
M. Klinova ◽  
E. Sidorova
Keyword(s):  
European Union ◽  
Economic Recession ◽  
Economic Sanctions ◽  
Current Data ◽  
The State ◽  
The European Union ◽  
The Impact ◽  
The Eu ◽  
Year 2013

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies - the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation.

scholarly journals Unia Europejska wobec Bałkanów Zachodnich w kontekście kryzysu migracyjnego w latach 2015‑2019

Politeja ◽  
2020 ◽  
Vol 17 (3(66)) ◽  
pp. 157-169
Author(s):  
Wawrzyniec Banach
Keyword(s):  
European Union ◽  
Theoretical Framework ◽  
Regional Security ◽  
The European Union ◽  
Western Balkans ◽  
Balkan Countries ◽  
Research Goal ◽  
Accession Process ◽  
Migration Crisis ◽  
The Eu

European Union towards Western Balkans in the Context of Migration Crisis 2015‑2019 The aim of the article is to analyse the actions taken by the European Union towards the Western Balkans in the context of the migration crisis. The study assumes that the migration crisis was an important factor accelerating the accession process of the Western Balkan countries to the European Union. In order to fulfil the research goal, an analysis of sources (European Union documents) was conducted. The paper uses elements of the theory of the regional security complex as a theoretical framework. Firstly, the activities of the European Union before the migration crisis are discussed. Next, the paper focuses on presenting the course of the crisis on the Western Balkan route. The further part of the study discusses the actions taken by the EU towards the countries of the Western Balkans in response to the migration crisis.

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