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Tag Archives: transatlantic Relations

Tailoring prudential policy to bank size: the application of proportionality in the US and euro area

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON). This study was prepared for the European Parliament’s Committee on Economic and Monetary Affairs (ECON). The study is available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times. All jurisdictions tailor their prudential policies to bank size, with generally more complex – though not necessarily more stringent –...

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The inconsistency in global strategic relations

All of this talk on strategic retrenchment and autonomy is the language of escalation, not of appeasement and collaboration. This piece was originally published in Kathimerini and is forthcoming in Helsingin Sanomat. “There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations on 21 September. “Our own success is bound up with others succeeding as well.” Biden’s actions however, seem to...

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Germany’s foreign economic policy: four essential steps

Germany and the EU need to develop a strong and proactive agenda to manage foreign economic relations, which are essential for German and European prosperity. By: Guntram B. Wolff Date: September 23, 2021 Topic: European Macroeconomics & Governance Germany’s foreign economic policy has barely got a mention in the 2021 federal election campaign. Yet, the issues arising are all central for Germany’s prosperity: the potential impact on Germany of rising tensions between the...

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Tensions between the US and Europe do not spell the end of ‘the West’

In his first address to the United Nations as US President on 21 September, Joe Biden called for unity amid tensions between the US and its European allies. But do these tensions spell the end of ‘the West’? Drawing on a new book, Jussi Hanhimäki asks whether the rollercoaster-like evolution of the transatlantic relationship is in fact an indication of the strong bonds that hold the West together. There is no hope. Wherever you look, it appears patently obvious that the ‘West’ has been...

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Relaunching transatlantic cooperation with a carbon border adjustment mechanism

The best way for the EU and the US to jointly introduce carbon border adjustment would be to form a ‘climate club’. On June 15, President Joe Biden will join Charles Michel and Ursula von der Leyen in Brussels for an important European Union–United States summit that aims at relaunching bilateral cooperation after four years in which it has withered. Climate change features at the top of the agenda, raising hopes about the potential role of the transatlantic partners in fostering global...

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[LIVE] A transatlantic climate alliance

When Joe Biden visits Europe for the first time as US president, he should begin forging a transatlantic green deal.  President Biden is visiting Brussels for the first time since his inauguration on 14 June, with great expectations by European commentators to forge a closer transatlantic cooperation. Prior to his visit, Giuseppe Porcaro and Simone Tagliapietra are joined by Ana Palacio, Former Minister of Foreign Affairs of Spain to discuss why the two sides of the Atlantic should form a...

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Form a climate club: United States, European Union and China

If the three biggest economies agree a carbon tax on imports, it will catalyse climate action globally. This article was originally published on Nature. Copyright remains with Nature at all times. The United States, the European Union and China together emit half of the world’s greenhouse gases. They must come together to cut domestic emissions and levy a carbon tax on imports. That would incentivize all nations to cut their emissions.

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2021 can be a climate breakthrough, but Biden and Europe need to talk

"2021 can be a breakthrough year for climate: the new US administration and the EU have a real opportunity, through a ‘global net zero coalition’, to remove some of the key bottlenecks in the global path to climate neutrality." After four years of absence and boycott, in 2021 the United States will make a comeback to the global climate action scene. The process is already set in motion. Climate change represents –alongside the pandemic, the economic crisis, and racial injustice– one of the...

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