1. 22.06.2015 · ZEW ()
    Comment
    Reform | Greece | Eurozone

    The next summit of eurozone leaders takes place in Brussels today. The question whether Greece will be allowed new credit is at the centre of the meeting - and ultimately depends on the country's reform efforts. The Greek government offered a new reform package just ahead of today's Brussels summit. Professor Clemens Fuest, president of the Centre for European Economic Research (ZEW), comments on Greece's reform proposals:

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  2. 17.06.2015 · ZEW ()
    Comment
    Tax avoidance | EU Commission | Corporate taxation

    The European Commission presented its Action Plan for fair and efficient corporate taxation in the EU on June 17, 2015. According to Professor Katharina Finke, deputy head of the "Corporate Taxation and Public Finance" Research Department at the Centre for European Economic Research (ZEW), it is questionable whether the EC Action Plan will successfully curtail the fundamental problem of tax avoidance by multinationals in Europe:

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  3. 16.06.2015 · ZEW ()
    Comment

    According to the latest decision taken by the European Court of Justice (ECJ) in Luxembourg, the "Outright Monetary Transactions"(OMT) Programme announced by the European Central Bank (ECB) in September 2012 is in compliance with European legislation. Professor Clemens Fuest, President of the Mannheim Centre for European Economic Research (ZEW), has, however, criticised this decision: "The ECJ is mistaken. The OMT Programme is designed by the ECB to support peripheral states with high levels of debt. This is a form of fiscal policy, not monetary policy."

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  4. 08.05.2015 · ZEW ()
    Comment
    United Kingdom | Parliament

    The UK election results are in. According to Professor Clemens Fuest, President of the Mannheim Centre for European Economic Research (ZEW), the result shows three things: "First, the government has been rewarded for their strict budgetary policy and the economic upturn in the UK. Second, the gulf between Scotland and England continues to widen. Third, voters have cut UKIP down to size. Even though there will be a referendum on EU membership, a withdrawal of the UK has become less likely. All in all, it is a good result for Europe."

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  5. 08.05.2015 · ZEW ()
    Comment
    Wages | Tax Policy | Tax revenue estimation | Minister of Finance

    With tax revenue estimates again predicting an increase in government revenues, the German Federal Minister of Finance plans to tackle the effects of "bracket creep" from 2016. The President of the Centre for European Economic Research (ZEW), Professor Clemens Fuest, comments the recently presented plans: "The announced tax relief falls short of the mark when it comes to addressing bracket creep. This issue could be addressed over the long run by implementing a "tariff on wheels", an automatic annual adjustment of tax rates that offsets the effects of inflation. The amount of this offset, however, must depend on the level of inflation, not on the current government budget."

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  6. 06.05.2015 · ZEW ()
    Comment
    Economic policy | Parliament | United Kingdom | European policy

    On 7 May, 2015, general elections will be held in the UK. The coalition government consisting of conservatives and liberal democrats must face the public vote. According to many observers, the outcome of these elections will be decisive not only in determining the United Kingdom's economic policy orientation in the years to come, but also for London's EU policy.

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  7. 26.01.2015 · ZEW ()
    Comment
    Eurozone | Parliament | Greece

    After the election victory of Syriza, Europe should prepare for a Greek payment default. The eurozone must send signals for the coming negotiations that it is not susceptible to blackmail should Greece threaten with a payment stop. This is the result of an analysis concerning the changed post-election situation in Greece by Clemens Fuest, President of the Centre for European Economic Research, and Friedrich Heinemann, head of the Public Finance Department at ZEW.

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  8. 22.01.2015 · ZEW ()
    Comment
    Eurozone | ECB | ZEW President

    The European Central Bank (ECB) has decided on the volume of its bond-buying programme: The ECB will buy eurozone government bonds and other assets worth EUR 60 billion per month until September 2016. The President of the Centre for European Economic Research (ZEW), Professor Clemens Fuest, comments: "I consider the ECB’s decision to be an acceptable compromise that is consistent with the ECB's mandate.

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  9. 12.05.2014 · ZEW ()
    Comment

    The 2014 elections to the European Parliament take place at a time when Europe is facing considerable economic challenges. Doubts have been voiced about Europe's capability to cope with these challenges. Against this backdrop, the president of the Centre for European Economic Research (ZEW), Prof. Clemens Fuest, urges to identify and exploit the potential for growth that European integration offers. At the presentation of a ZEW paper in Brussels that identifies key policy areas for the EU in the coming years, Fuest said: "Europe urgently needs to achieve a sustainable economic recovery as well as a stringent concept for the future distribution of tasks between the European and national level."

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  10. 08.04.2014 · ZEW ()
    Comment

    In the statement on the federal government’s 2012 monitoring report, the Expert Commission on the monitoring process "Energy of the Future" reports mixed interim results for Germany’s "Energiewende", i.e. the transition of the energy system towards renewable sources and more energy efficiency. While the expansion of renewable energies is making good progress, efforts need to be intensified in the reduction of greenhouse gas emissions and the improvement of energy efficiency. The German government has announced clear priorities in this regard, which now have to be implemented.

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