French and German members of parliament (MPs) are both open to granting more competencies to the EU in the fields of defence and immigration policy. There is, however, considerable disagreement on certain reform proposals for the eurozone. While the French politicians support the adoption of a joint liability scheme in form of Eurobonds and a common European Monetary Union unemployment insurance (EMU-UI), German representatives are opposing these proposals. MPs from both countries agree, however, that higher investments by Member States may serve as an instrument to spur growth in the eurozone. These are the findings of a study by the Centre for European Economic Research (ZEW), which will be presented in Brussels today.
Economic expectations for Central and Eastern Europe including Turkey (CEE region) stay unchanged in September 2016. The ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region remains at 15.4 points, the same reading as in the previous month. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects financial market experts’ expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) in collaboration with Erste Group Bank, Vienna, since 2007.
The ZEW Indicator of Economic Sentiment for Germany remains unchanged in September 2016. The index stands at a level of 0.5 points (long-term average: 24.1 points). "The current ambiguity of economic impulses from Germany and abroad means that forecasts for the next few months are difficult. German exports, particularly to non-EU countries, as well as industrial production figures have disappointed. By contrast, the economic environment in the European Union is improving. Overall, the ZEW Indicator of Economic Sentiment suggests that the economic situation in Germany will remain favourable in the coming six months," comments ZEW President Professor Achim Wambach.
In the past two decades the German Bundesliga has suffered from a reduced level of competition. One of the key factors for this development is the change in the players' mobility. As a result, there is an increasingly high number of top-performing players in extraordinarily good football teams. These teams tend to win more games, which leads to a reduced level of competition. This is the finding of a study carried out by the Mannheim Centre for European Economic Research (ZEW).
Between 2013 and 2015, four out of five small and medium-sized enterprises (SMEs) in Germany carried out projects aimed at increasing their level of digitisation. Digitisation is certainly not a new concept for SMEs. The majority of businesses, however, spent less than 10,000 euros per year on digitisation projects during this period. Businesses with an advanced level of digitisation invest more frequently in both technological projects and competencies related to digitisation than other firms. Only a small number of businesses are concerned about the risk of additional competitive pressure from start-ups or internet companies. These are the findings of a recent study conducted by the Centre for European Economic Research (ZEW), Mannheim, in collaboration with the infas Institute for Applied Social Sciences and the KfW Group.
Prof. Pierre Boyer, PhD (Department of Economics, Ecole Polytechnique),
Sylvie Goulard (Member of the European Parliament),
Prof. Dr. Friedrich Heinemann,
Peter Simon (Member of the European Parliament),
Prof. Achim Wambach, PhD (ZEW)