In the wake of the economic and financial crisis, a Swedish membership to the Economic and Monetary Union (EMU) has returned to the domestic political agenda. Although the issue has been politically dead since the referendum on the euro in 2003, public opinion in support of EMU has increased the past year as the Swedish krona has continued to depreciate.
The common currency, the euro, and the common monetary policy were introduced in the EU in 1999 to improve the internal market, under the slogan “One Market, One Money”. It was expected that the common currency would promote more trade and investment between the countries that joined the European currency union.
This European Policy Analysis tests the common proposition that flexible integration imposes significant costs on those member states that opt out of further integration within specific policy fields. The analysis presents data on network capital in the working groups and committees of the Council of the EU which indicate that the Euro-outsiders are in fact doing well in the informal networking in the Council.
The Eastern Partnership (EaP) was launched in May this year as a strengthened policy framework between the European Union and six countries in Eastern Europe and southern Caucasus. The overall aim of the partnership is to ensure stability and prosperity in a region that is characterized by stalled socio-economic and democratic reforms as well as ethnic tension and even armed conflict.
The automotive industry has been hit hard by the global economic crisis and governmental financial support and rescue packages have been launched in different countries. This European Policy Analysis by Rikard Forslid discusses the economic arguments for governmental support of the car industry.
Circular migration has become a central concept for the future EU migration policy, implying that migrants should be encouraged to move repeatedly between the country of origin and the host country. The basic purpose is to utilise international labour mobility to make both countries’ economies more efficient.
In order to better understand the Swedish Presidency of the European Union, SIEPS invited a number of experts on the European Union from different member states. They were asked to write short analytical texts on how the Presidency has succeeded in relation to expectations and ambitions.
The European Commission recently launched a discussion on the architecture of direct payments, with a view to rethinking the philosophy of agricultural regulation within the EU. The debate has been pursued under the Swedish EU Presidency.
The author analyzes both the development of common EU asylum systems, and the various models that are discussed to share responsibility for the refugees who come to the EU. The conclusion is that the models discussed today are not likely to lead to an equitable distribution of responsibility and the author proposes a model where the prevention interventions for refugees is taken into account.
The European Commission has proposed a common energy policy conducted in a spirit of solidarity among Member States as an instrument to address the issue of energy security. The authors of this report, Chloé Le Coq and Elena Paltseva, highlight that such a common energy policy may entail biased economic incentives and thereby cause problems with so-called moral hazard.