EU

Interview

Henry Farrell: Airline Passenger Data Dispute is Merely "An Internal EU Dust-Up"

Henry Farrell interviewed by Eben Kaplan

Henry Farrell, a political science assistant professor at The George Washington University, says the European Court of Justice's recent ruling against an agreement with the United States to share airline passenger data is merely "an internal EU dust-up." He says the deal is likely to be renegotiated with the same terms but stronger legal footing.

See more in EU; Border and Port Security

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Financial Times: Optimism About an End to the Euro Crisis Is Wrong

Author: Wolfgang Münchau

"In a monetary union, adjustment is hard without any transfers and without a fiscal union. I know of no plausible plan how the eurozone can manage the dual feat of economic adjustment and debt sustainability within the straitjacket of official policy. And as long as such a plan does not exist, the crisis is not over."

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Financial Times: Watch Out for the Rise of a European Tea Party

Author: Gideon Rachman

"Next year's elections to the European parliament also look like a possible breakthrough moment for a European Tea Party. The parliament has traditionally been the most federalist institution in Europe, acting as a lobby group for the transfer of more powers to Brussels. But next May's elections are likely to show a surge in votes for eurosceptic parties across the continent."

See more in EU; Political Movements and Protests

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Project Syndicate: The Eurozone’s Calm Before the Storm

Author: Nouriel Roubini

"So far, the grand bargain between the core and the periphery has held up: the periphery continues austerity and reform while the core remains patient and provides financing. But the eurozone's political strains may soon reach a breaking point, with populist anti-austerity parties in the periphery and populist anti-euro and anti-bailout parties in the core possibly gaining the upper hand in next year's European Parliament elections."

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Reuters: Special Report: Inside Mario Draghi's euro rescue plan

Authors: Paul Carrel, Noah Barkin, and Annika Breidthardt

Reuters details the negotiations that led from ECB President Mario Draghi's late-July speech to his recent announcement that the ECB stood ready to buy "unlimited" amounts of bonds by the most troubled euro members.

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New Republic: What Happened to Europe?

Author: Amartya Sen

Amartya Sen writes: "Europe has been extraordinarily important for the world, which has learned so much from it. It can remain globally important by setting its own house in order--economically, politically, and socially. The first step is to understand properly, with some clarity, the policy challenges that Europe faces today. A failure to do so will reverberate far beyond Europe's own borders."

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Vox: Weighing the Pros and Cons of Corporate Tax Reform in the EU

Authors: Leon Bettendorf, Michael Devereux, Simon Loretz, and Albert van der Horst

The European Commission has launched proposals to radically reform corporate income tax in the EU with a system known as the Common Consolidated Corporate Tax base. This column in Vox suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP and efficiency.

See more in EU; Corporate Governance; Tax Policy