EESC Argues for Sustainable Growth

Future economic policy must be in line with the European Green Deal, says the European Economic and Social Committee (EESC).  The Committee urges EU Member States to make sustainable economic growth the top priority for European and national economic policies in 2020 and beyond and recommends complementing the current accommodative monetary policy of the European…

Micro-Finance for SMEs

In order to stimulate small business financing in the Baltic States, non-bank business lender Noviti Finance, and the European Investment Fund (EIF), have signed a cooperation agreement to give micro businesses and farmers better access to funding of up to €25,000.  The guarantee is funded by the Employment and Social Innovation (EaSI) programme of the…

Lebanon’s central bank is “a stable point in a country in convulsion”

Leading French economist Nicolas Bouzou, director of the economic research company Asterès, wrote in today’s Les Echos about what the West can learn Lebanon’s current economic situation.  According to Bouzou, we can look at the deterioration in Lebanon to understand what can happen when a country accumulates decades of non-existing or failing public policies. Bouzou also singles out…

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…