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#CEPScomments: Stefano Micossi says the latest proposals by a group of French and German economists for euro area reform, despite the authors’ best intentions, would heighten the risks of financial instability and weaken defences against financial shocks.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

Critical, independent evaluations of the current European Neighbourhood Policy have not been dissipated by a recent review of the policy. At the same time, however a new reality has emerged, which the author of this paper suggests might be called the Wider European Economic Area (WEEA). This area covers the EU, EEA/EFTA states, the Balkans, and the East European states that now have Association Agreements (and DCFTAs) with the EU. This comprehensive map of all of Europe, with the exception of the Russian-led Eurasian Economic Union, already has a growing and impressive array of common economic instruments at its disposal. A few South Mediterranean states also participate in certain areas.

This CEPS Policy Insights paper argues that this seemingly endogenous process deserves to be advanced more explicitly by the EU in a WEEA initiative, which could be launched by a ‘green paper’ from the EU institutions and supported by soft institutionalisation with a policy forum. Further possible extensions of the process are also discussed, notably the conditions under which there might be cooperation with the Eurasian Economic Union, and linkages to the Chinese-sponsored new Silk Road. A WEEA initiative could well complement current thinking about giving renewed impetus to the EU’s own integration, including ideas under the heading of a multi-speed Europe.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14

December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

Rather than try to placate the Trump administration by re-opening discussions on an international agreement that has already proved its worth, the EU should make common cause with China and Russia and push back diplomatically to keep the Iran nuclear deal intact. The author argues that the EU would do well to buttress the Joint Comprehensive Plan of Action (JCPOA) with additional arrangements on arms control and regional security. At the same time, it should prepare to protect investors and economic operators against the extra-territorial effect of new US sanctions.

In this CEPS Policy Brief, Steven Blockmans sets out a number of policy recommendations for the strategic posture, contingency planning and flanking security arrangements that could provide impetus for wider international cooperation on this highly sensitive issue.

Steven Blockmans is Head of EU Foreign Policy at CEPS and Professor of EU Law and Governance at the University of Amsterdam.

Are the current rules on data protection sufficient to protect consumer and citizens' privacy and interests? Are the same set of rules sufficient in generating innovation and revenue for service providers?

Featuring:-
William Echikson, Head of Digital Forum, CEPS
Joe MacNamee, European Digital Rights EDRi
Fanny Hidvégi, Access Now
Townsend Feehan, IAB Europe

These are part of the series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.

A series of interviews conducted at the Closing Conference of the Council Presidency of Estonia, held on 14 December 2017. Organised by CEPS, the Estonian Presidency and Norway Grants.