IEP@BU - Institute for European Policymaking at Bocconi University

Why we Should Soften the Unanimity Rule in the European Council: an Interview with Herman van Rompuy The first elected president of the European Council, Herman van Rompuy, discusses how to fix the decision-making process at the EU level An interview by Stefano Feltri Read more here: https://lnkd.in/dh7agQZh https://lnkd.in/dh7agQZh

Why we Should Soften the Unanimity Rule in the European Council: an Interview with Herman van Rompuy The first elected president of the European Council, Herman van Rompuy, discusses how to fix the decision-making process at the EU level by Stefano Feltri Read more and watch here: https://lnkd.in/dh7agQZh https://lnkd.in/dmDYZ65v

How the EU has Lost its Touch to Strategic Thinking in Geopolitics French geopolitical expert Thomas Gomart discusses European responses to major crises, from the Russian invasion of #Ukraine to the war in #Gaza by Stefano Feltri “The Commission would like to be taking the lead on defense policy, but defense remains the domain of Member States”. Thomas Gomart is one of the most influential experts on foreign relations and geopolitics at the EU level: he has been director of the Ifri - Institut français des relations internationales, since 2015. Università Bocconi Catherine E. de Vries Sylvie Goulard

The idea that Green Tech Could Form the Foundation of a Major Economy is Unrealistic American, Chinese, and European policymakers seem convinced that supporting high-tech green industries is the key not only to a sustainable future, but also to a prosperous one a commentary by Daniel Gros, the IEP@BU - Institute for European Policymaking at Bocconi University director Read the commentary here: https://lnkd.in/ej-kTej3

Why Europe Europe should take a digital leap across its innovation gap In his most recent column, Financial Times' s Martin E. Sandbu discusses the Innovation Report co-authored by the IEP@BU - Institute for European Policymaking at Bocconi University with CESifo, and Toulouse School of Economics In his column Martin Sandbu writes: “Simply put, the US does more R&D than the EU because it does more private R&D in frontier sectors. It does so because frontier sectors become a bigger share of the economy — and no doubt they become a bigger share because there is more R&D spending on them. The US is enjoying a virtuous cycle, while the EU is caught in a mid-tech trap. This is what policy needs to fix”. If you want to read the report, you can find it here: https://lnkd.in/dvDcGbG4..

Why do EU Countries Resist Sharing Sovereignty? The costs and benefits of sharing national sovereignty are different across EU countries and mainly depend on the relative strengths of each national state and intermediate institutions by Marco Buti and Marcello Messori

Bank profitability: a Mirror of the Past, Creating a Vision for the Future A lecture by Claudia Buch, Chair of the Single Supervisory Mechanism (SSM) of the European Central Bank On 19 October 2023, the Council of the European Union appointed Claudia Buch as Chair of the Single Supervisory Mechanism (SSM) of the European Central Bank. She assumed her role on 1 January 2024 for a five-year term. Prior to her appointment as Chair of the SSM, Ms. Buch was Vice-President of the Deutsche Bundesbank, where her responsibilities included banking and financial supervision as well as financial stability. In that capacity, she was already a member of the SSM. On 16 October 2024, Claudia Buch delivered a lecture titled Bank Profitability: A Mirror of the Past, Creating a Vision for the Future at Bocconi University. The event was co-organized by the baffi carefin research centre and IEP@BU - Institute for European Policymaking at Bocconi University. The event was chaired by Donato Masciandaro, Director of the Baffi Center, with closing remarks made by Daniel Gros, Director of IEP@BU. Brunella Bruno, a researcher with tenure at Bocconi, and Professor Filippo De Marco also from Bocconi, provided comments on Ms. Buch’s lecture. “Bank profitability in Europe has increased in recent years. In some ways, the current levels of bank profitability mirror the past – structurally, by reflecting differences in markets and banks’ business models, and more cyclically, by reflecting the changing macroeconomic environment and higher interest rates. This raises the question as to whether profitability is a good metric for assessing bank resilience or if there are other indicators we should consider”, Claudia Buch argued. To read more: https://lnkd.in/dSRSyWZx

Policy Brief - Why do EU Countries Resist Sharing Sovereignty? Costs and benefits of sharing national sovereignty are different across EU countries and mainly depend on the relative strengths of each national state and intermediate institutions by Marco Buti, and Marcello Messori The recent debate on European integration has highlighted the need to increase the provision of European Public Goods (EPGs) in the economic, security and defence fields. While there is broad consensus on the diagnosis, the implementation is encountering significant political constraints. Indeed, it has proven highly challenging to overcome resistance to a reform of the European Union’s (EU) multiannual budget that would allow for a greater supply of EPGs. In this paper, we analyse the underlying reasons for such resistance within the EU. On the one hand, we emphasise the heterogeneity of national benefits arising from the different types of EPGs and the costs associated with the transfer of national sovereignty for the financing and production of these public goods. The Union’s varying national appreciation of the benefits stems from the fact that EU countries have divergent preferences relative to – respectively – EPGs aiming at boosting innovation and EPGs pursuing greater solidarity. On the other hand, the specific national costs are linked to the differentiated strength of the state and the intermediate institutions. The actual provision of the two types of EPGs reflects national preferences and the relative bargaining power of each member state. A preliminary analysis of the differing combinations of costs and benefits in a subset of EU countries (France, Germany, Italy, and Sweden) allows for the identification of the bottlenecks in the provision of EPGs. It thus becomes possible to derive initial policy conclusions for overcoming the main obstacles. Read more here: https://lnkd.in/dbMgDsc2 European University Institute Università Bocconi European Commission Luiss Guido Carli University Allianz Assogestioni

The Future of EU Integration – A debate with Bocconi students What concrete policies could make the European Union more effective in a fragmented and hostile world? Before its annual event, the IEP@BU - Institute for European Policymaking at Bocconi University launched a "call for policy proposals" to the Bocconi student community. Many groups of students responded, presenting projects that included ideas on how to foster more productive debates on policy issues, a revision of the European Central Bank's monetary policy to support the investments necessary for the ecological transition, or initiatives aimed at raising awareness among end-users on the use of renewable energy sources.    The students presented and discussed their proposals with IEP@BU research fellows. The member of the European Parliament Irene Tinagli gave an introductory speech. The session was chaired by Carlo Altomonte, who also coordinated the whole initiative.  The first part of the session was dedicated to the pitches about Green Deal Industrial policy and Financing Green Investment, the second part covered the theme of EU Governance and Enlargement.   Read all the policy proposals on the IEP@BU - Institute for European Policymaking at Bocconi University website: https://lnkd.in/dyK7qXCk..

 How to Improve the EU Governance to Serve More Effectively the General Community Interest The IEP@BU - Institute for European Policymaking at Bocconi University annual event: the final panel with Eleanor Spaventa Daniel Gros Simon Hix Mario Monti Irene Tinagli Herman van Rompuy Read more here: https://lnkd.in/ednFzb8u