TY - JOUR A1 - Enderlein, Henrik A1 - von Bogdandy, Armin A1 - Calliess, Christian A1 - Fratzscher, Marcel A1 - Fuest, Clemens A1 - Mayer, Franz C. A1 - Schwarzer, Daniela A1 - Steinbeis, Maximilian A1 - Stelzenmüller, Constanze A1 - Wolff, Guntram A1 - von Weizsäcker, Jakob T1 - Aufbruch in die Euro-Union JF - ZRP: Zeitschrift für Rechtspolitik Y1 - 2013 SN - 0514-6496 IS - 8 SP - 248 EP - 250 PB - Beck CY - München [u.a.] ER - TY - JOUR A1 - Bénassy-Quéré, Agnès A1 - Brunnermeier, Markus A1 - Enderlein, Henrik A1 - Pisani-Ferry, Jean A1 - Farhi, Emmanuel A1 - Fratzscher, Marcel A1 - Fuest, Clemens A1 - Gourinchas, Pierre-Olivier A1 - Martin, Philippe A1 - Rey, Hélène A1 - Schnabel, Isabel A1 - Véron, Nicolas A1 - Weder di Mauro, Béatrice A1 - Zettelmeyer, Jéromin T1 - Reconciling risk sharing with market discipline: A constructive approach to Eurozone reform JF - CEPR Policy Insight No. 91 KW - banking union, capital markets, European governance, eurozone governance, finance & financial regulation, fiscal policy, monetary union, Sovereign debt Y1 - 2018 UR - https://cepr.org/active/publications/policy_insights/viewpi.php?pino=91 ER - TY - RPRT A1 - Fuest, Clemens A1 - Pisani-Ferry, Jean T1 - A Primer on developing European Public Goods: Report to Ministers Le Maire and Scholz T2 - EconPol Policy Report N2 - Executive Summary The EU has mostly been defined as a provider of economic integration. The single market and the euro were both integration-driven. In a context transformed by technology, global and re-gional challenges, and geopolitical change, time has come to give renewed priority to European public goods – policies and initiatives whose value to the citizens are higher when conducted at EU rather than at national level. These are: 1.Foreign economic relations. When security is at stake, the EU should have the power toblock a foreign investment by QMV; promote the internationalisation of the euro throughthe granting of swap lines to partner central banks and the introduction of a common safeasset; and move towards a consolidated euro-area representation at the IMF.2.Climate change mitigation. All sectors should be part of a European regime based on theETS or a carbon tax system. The EU should be able to set by qualified majority binding corri-dors for carbon prices and to sanction infringements to jointly determined decarbonisationplans. It should contribute to offsetting the social costs of the transition.3.Digital sovereignty. The EU needs to pool its resources to protect cybersecurity and digitalsovereignty. A high-level group should propose measures for the single market and avenuesfor closer cooperation amongst a subset of counties.4.Research and development in large and risky projects. A European DARPA should focusexclusively on pathbreaking projects – without consideration for distribution across coun-tries – and be able to terminate unsuccessful projects abruptly.5.Development cooperation and financial assistance to third countries. Chinese inroadshave made the case for a common development approach stronger. The EU should choose1 Clemens Fuest is President of the ifo Institute and Professor of Economics at the University of Munich. Jean Pisani-Ferry holds the Tommaso Padoa-Schioppa chair at the EUI and is a Senior Fellow with Bruegel. We are grateful for comments on a preliminary version to Laurence Boone, Christian Callies, Charles Grant, Daniel Gros, Michel Houdebine, George Papaconstantinou, Carsten Pillath, Pierre Sellal, Hubert Védrine, Jakob von Weizsäcker and Guntram Wolff. The usual disclaimer applies. Executive Summary 2 EconPol Policy Report 16/2019 Vol. 3 November 2019 between bolstering the out-of-area mandate of the EIB and leveraging its participation in the EBRD. 6.Migration policy and the protection of refugees. Refugees come to Europe, not to a partic-ular member state. A lasting solution should include a common border protection system, a common legal framework for asylum, common principles for allocating persons to whom asylum has been granted, and common policies for resettling persons to whom immigra-tion have been denied. This implies moving ahead with a subset of countries. Eventually, the Schengen area the common migration policy area will coincide. 7.Foreign policy and external representation. The case for a European approach is strong, but mechanisms alone are not sufficient to overcome deep policy divergences. We propose three practical steps: initiatives to strengthen the European soft power, savings-oriented back-office cooperation, and regular European Foreign Policy White Books. 8.Military procurement and defence. A way forward for European defence is variable geome-try. Progress should be made towards common procurement, shared infrastructures, com-mon arms export policies and joint defence initiatives. The enhanced provision of European public goods requires additional funding, but it should not increase the overall tax burden for EU citizens. The overall tax burden should decline if public goods are more efficiently provided at European than a national level. But more resources would need to be shifted to the European level. While there is an ongoing debate about the financing of the EU budget, we propose to disconnect the provision of new European public goods from longer-term issue of reforming EU finances. This implies funding European public goods through higher GNI-based resources in the EU budget. To bring momentum to the project of enhancing the provision of European public goods, we pro-pose that France and Germany undertake to start the following bilateral projects: A common agency and a common research institute for cybersecurity; A common fund for supporting breakthrough innovation; Joint armed forces and a uniform arms system; A joint strategy for African development; A Franco-German chair at the IMF. Y1 - 2019 UR - https://www.econpol.eu/sites/default/files/2019-11/EconPol_Policy_Report_16_2019_EuropeanPublicGoods-v2.pdf VL - 16 IS - 3 ER -