As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer prices in the Eurozone have declined by 0.2% in the past year.
The new Tobacco Products Directive (TPD2) dramatically tightens regulation of cigarettes, rolling tobacco and e-cigarettes. Yet, it is unclear that it will lead to improved health outcomes.
As we celebrate 20 years of CEE membership in the Single Market, what are the liberalising regulatory reforms that can ensure the competitiveness of the EU for the next 30 years?
The Common Agricultural Policy (CAP) is today the EU’s most expensive policy, taking up almost half of the annual budget. It is also its most interventionist and complex policy. Multiple reforms have created a system of decoupled payments to farmers that protect and prolong the life of small-scale farms and constrain large-scale farming and the evolution towards a more efficient industry structure.
In sum, the Commission’s Statement of Objections concerning Android is not justified in light of the existing arrangements between Google and its various counterparties.
The sharing economy is based on reductions in transaction costs which enable exchanges that were previously not possible. Sharing economy firms facilitate a more efficient use of assets, to the benefit of both asset owners and prospective users. Its potential positive impact on welfare has been estimated at over €1,000 per EU citizen.
The European Court of Justice has today ruled that minimum pricing for alcohol is illegal if less restrictive measures, such as tax rises, can serve the same purpose of reducing alcohol consumption.