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A STRATEGIC AGENDA FOR THE NEW EU LEADERSHIP Memo to the presidents of the European Commission, Council and Parliament. Bruegel

Demertzis, Maria and Sapir, André and Wolff, Guntram B. (2019) A STRATEGIC AGENDA FOR THE NEW EU LEADERSHIP Memo to the presidents of the European Commission, Council and Parliament. Bruegel. [Policy Paper]

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    Abstract

    You inherit a relatively healthy European economy, but you face three formidable challenges in the next fi ve years. First, you must defi ne Europe’s place in an increasingly bipolar world driven by a geostrategic rivalry between the United States and China. You should avoid protectionism and instead strengthen Europe’s technological, fi nancial and security capacities. You shoul d continue to support multilateral institutions and stand ready to retaliate against trade aggression. Second, global warming is a reality and temperatures appear to be rising faster than forecast. You need to impose higher prices on greenhousegas emissions, guide a deep transformation of our economies, minimise the resulting social fallout, ensure border carbon adjustment and globalise the EU’s decarbonisation. Third, you need to manage the economy and EU cohesion. The main worry is a deep recession or even a new crisis. Guide European policymakers on the use of pro-active fi scal policy, reform the governance of the euro area and address tax fraud and evasion.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > common foreign & security policy 1993--European Global Strategy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 07 Nov 2019 13:44
    Number of Pages: 25
    Last Modified: 07 Nov 2019 13:44
    URI: http://aei.pitt.edu/id/eprint/100992

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