Why Lebanon Deserves International Support

The news from Lebanon in recent weeks has been grim. As street protests in Beirut and other cities intensify, so does the country’s economic suffering, writes Charles Tannock. A political, economic, and social crisis has taken hold, leading to hard-currency shortages that hinder imports of vital daily commodities such as wheat, medicine, and fuel. Moreover,…

Wealth Effects of WTO Membership

A new report says that the USA, China and Germany are the countries that benefit the most worldwide from their accession to the WTO. They achieve by far the largest income gains, which are directly attributable to their membership in the trade organization.  For the United States, income gains amount to about 87 billion US…

New MFA Programme for Jordan

The European Commission has welcomed the endorsement by the Council of the agreement reached with the European Parliament to provide up to €500 million in Macro-Financial Assistance (MFA) to Jordan. This new financial assistance programme is designed to support the country’s ambitious reform agenda, promoting jobs, growth and investment for the benefit of the people of Jordan….

New Challenges for EU Products and Services

The coming years will see new prospects and challenges for European products and services, according to the European Economic and Social Committee (EESC).  Providing innovative, highly specialised products and services with well-recognised and certified key characteristics can boost European competitiveness, says the EESC. Unanimously adopted at its plenary session on 11 December, the EESC’s own-initiative…

Investment and Taxation Policies Needed to Promote SDGs

Achieving the Sustainable Development Goals (SDGs) requires more than political commitment, says the European Economic and Social Committee (EESC).  Increased investment, especially by the private sector, is needed to address current economic, social and environmental challenges. The Committee therefore advises the EU and its Member States to adjust their investment and tax policies to enhance…

Economic Output of over 50s grows by 20% since 2004

New research by the International Longevity Centre UK (ILC) will find that the economic output (GDP) generated by earned income of individuals aged 50 and over has grown by 20% between 2004 and 2018. “Maximising the Longevity Dividend”, a new ILC report to be launched alongside the fifth annual Future of Ageing conference, will highlight…

EU Business Pessimistic about Economic Outlook

European firms are becoming increasingly pessimistic about the economic outlook according to the new EIB report. The report also finds that investment in climate change mitigation is lower than that of major economies like the US and China.  Infrastructure investment is stuck at 1.6% of EU GDP, the lowest in 15 years and Europe is…

Radu Dumitrescu wins SME Youth Essay Competition

Radu Dumitrescu, a 24 year-old from Romania, was proclaimed a winner of this year’s SME Week Youth Essay Competition during the European Commission’s SME Assembly. Radu Dumitrescu is one of the Editors-in-Chief of The New Federalist web magazine. In his speech as potential EU Commissioner for SMEs and Entrepreneurship he said: “So, what is our goal?…

Defend Our Scotch Whisky

The European Union’s deepening trade war with America must be de-escalated if the Scotch whisky industry is not to suffer severe damage in the crossfire, a Conservative MEP has warned. Baroness Nosheena Mobarik said her constituents in Scotland were concerned by the potential harm to exports and jobs from the crisis. She spoke out ahead…

Belgium Portugal and the Blue Economy

The Belgian-Portuguese Chamber of Commerce has brought together prominent Blue Economy private stakeholders, both from Portugal and Belgium, along with financing agents, academia, clusters, associations, and EU policy makers.  Duarte Bué Alves, Deputy Permanent Representative of Portugal to the OECD, and rapporteur of the event, opened by saying the global blue economy represents US$1.5 trillion and 31…